Stocks suffer for 2nd day down 929 points BUT...

Heather darlin we have been hearing about the dow jones for the last month or so and we are all very aware that we are in recession. It was not good for the repubs when the economy began to plummit but democrats did not plan this to make the republics look bad. If you watch fox news it made a big thing about the markets being down. It depends on which station you watch I guess.

I've been saying it all along. Watch and if Obama is elected the market will drop big time. I knew that investors would not have faith in this man. All the stock market players my father works with said that if Obama was elected they were going to get out of the markets because they knew it would be bad for the economy. Businesses fear what Obama may do with all he spoke about during his campaign. Who blames them. Then you talk about radical changes you are talking about high risks. But who would want to spoil Obama's party... You people who wanted change you are going to get it, but it won't be good! Do everything you can to save every penny and get ready to weather a terrible storm.

I mentioned this to another mylotter yesterday. I don't understand. Obama became the President elect, which is pretty much what the whole world wanted to happen (the majority of the countries anyway). And the stocks took a horrible tumble. And yes, the media shuts up about it. America has a liberal media, but this is actual news. And it isn't as if someone is bashing Obama by drawing attention to this matter. It is something that I don't understand, and I'd like it if attention was drawn to this issue.

Funny thing you have started this discussion. I was thinking the same thing. I am sure it was because they wanted to discourage votes for Senator John McCain. And now, on the bottom of the screen, I see CNN says President Obama. Well, I'm sorry he is our President ELECT, but doesn't President George Bush still have a couple of months left in office. Lets wait until January 29th to call him President without the word elect. I believe the press gave Obama the biggest wet kiss any media has given any Presidential candidate ever. I wonder if they would have done the same for Hillary Clinton if she would have won the Democratic nominee vote. Probably so, I think they just wanted a Democrat in office. I hope the market does turn around, and consumer confidence picks up. But then again, that will just make Obama look good. LOL Thanks for starting this discussion, and have a great day!

I did not see anything about stocks going down I watch the election and that all. cd

Because of the writing that I do, I follow the international markets fairly closely. It's amused the heck out of me throughout this whole campaign how the US media - all of it, not just the mainstream - have tried to pin the movements of the Dow on politics, and on what the US president and legislature was doing while completely ignoring what was going on in the overseas markets. It doesn't take a genius to figure out that when the Japanese markets drop by 20% in the six-eight hours before the NYSE opens Monday morning (in response to European bank failures), the Dow is going to start down and head down - but the media talking heads didn't even mention the Nikkei or the European markets and bank closings. The truth is that the media is fickle. Stock market drops are no longer big news - but the ticker was still up in the corner on most stations, and it was mentioned. But it's not the big story anymore - instead, the big story is the transition and post-election analysis. It's not always a conspiracy.

Hmmm... you have a point about the media. Hype what's going on in the markets before the election but ignore it when it looks like a reaction to who won. On the other hand, stocks are going down for a few more months according to my analysis no matter who won the election.

YEs I was seeiing it on the news. not all the time thu and they never did break in my shows guess I wasnt on any of the 3 main ones lol, My guess it they thought it would go up when Obama made it. as they gave him lots and lots of money now I think he needs to pay it back to be fair. What about you?

And just what does all that mean whiteheather. There are a few key words that I understand.....e.g. we are in a recession and the economy is in a worst state than it was in the great Depression. The indexes and points loss mean nothing to me I'm afraid. I hear that the Australian economy is in a better state than the rest of the world but I think it's only a matter of time before the rest of the world brings us down as well. Our banks are incredibly greedy for a start and that keeps us on our toes while the battlers go down for the count

Of course the media would be silent. They cannot blame it on the Republicans anymore and they certainly do not want to blame their demigod, Obama and his minions because he can do no wrong. The market is generated by the buyers and sellers and they know enough to realize that the Democrats were the wrong party to lead America and this election was won on race rather then expertise. Watch for further drops as they figure out how much Obama's promises are going to cost them.

The media is in love with Obama. He is smooth and easy to get on camera so they love him. Unfortunately they will find out that he has little real substance. He has a lot of big ideas with no foreseeable way to put them into action. The media being fickle will be panning him it a very short time. I don't think it will be too far down the line and something will happen to burst this little bubble and I'm sure Obama will be very shocked. Things are in a tailspin already and I don't think there is anything that can be done. Things are going to get a lot worse before they get better and I will be very interested to hear how Obama explains that one.

We have a very liberal media so God forbid they say this drop is related to Obama's election. In past elections, the DOW's activity in the days following has indicated the public's opinion on what they think of the president elect's financial plans. So in this case, people are hiding their money out of fear. And I can't say I blame them.