Obama elected…Stock market plunges. Is this a coincidence?

February 21st, 2010 | by admin |

On the day after Obama was elected:
The Dow fell 486.01, or 5.05 percent, to 9,139.27
The S&P 500 index fell 52.98, or 5.27 percent, to 952.77
The Nasdaq composite index fell 98.48, or 5.53 percent, to 1,681.64

In September and October, in anticipation of an Obama Presidency the US Stock Market suffered the largest Stock Market Crash in history; even worse than 1929.
Democrats having pushed for lower standards for home loans for decades created the sub-prime mortgage crisis that crippled the World’s Financial System.

Can I be the first to call this:

The ‘Obama recession"

Please…………This country was already headed that direction long before the election.

  1. 13 Responses to “Obama elected…Stock market plunges. Is this a coincidence?”

  2. By Winter Glory on Feb 21, 2010 | Reply

    Please…………This country was already headed that direction long before the election.
    References :

  3. By Glen B on Feb 21, 2010 | Reply

    And this was just a cause… wait til the effects
    References :

  4. By zenith7313 on Feb 21, 2010 | Reply

    Yeah, clearly the stock market is crashing because of Obama, not because of years and years of terrible fiscal decisions by our government and financial institutions.

    Edit: Also, this morning, the markets in Asia and Europe were up greatly. Why? According to analysts appearing on every major news network, because of Obama’s victory.

    Yep, Obama’s killing the world economy single-handedly.
    References :

  5. By meveryfastto on Feb 22, 2010 | Reply

    I don’t know but I do know that today the leader of Iran called Obama the "black devil" so I wonder if this is the new middle east nick name they have out there for Obama?
    References :

  6. By COblonde on Feb 22, 2010 | Reply

    World markets were up the day before the election and today they were down.
    Just the beginning of the end my friend, thanks to the kool aid drinkers!
    Socialism will fail here as it has elsewhere.

    For those of you who are celebrating, you are in great company. Putin, Chavez, Hamas, etc are all celebrating. Congratulations!

    It’s his socialist views, not the color of his skin that bothers me.
    References :

  7. By ironlace on Feb 22, 2010 | Reply

    So, you’re saying the stock market went up while Bush was in office for 8 years?? HA! It’s lower now than when he was elected the first time!
    References :

  8. By Barrie on Feb 22, 2010 | Reply

    Bush is President until January 20th. So this is still Bush’s recession.
    References :

  9. By Megan on Feb 22, 2010 | Reply

    So the stock market crashed "in anticipation of an Obama Presidency?" Nothing like putting your own spin on things!!!!

    I don’t think the experts would agree with you on this.
    References :

  10. By subwm4bush on Feb 22, 2010 | Reply

    This month is historically a "down" month. Relative to the drop from 14,000 to 9,000 since last year under our president Bush, who is still president, I would not attribute any market fluctuations to the election of president elect Barack Obama alone. Obama inherits the Bush structural recession.
    References :

  11. By kendell3820 on Feb 22, 2010 | Reply

    NO,… he’s not even office yet .. he is the president elect…
    Blame your boy Bush on this!
    References :

  12. By Dr. Nightcall on Feb 22, 2010 | Reply

    Yes, it is a coincidence. The market has been going up and down since the credit fiasco.
    References :

  13. By susie on Feb 22, 2010 | Reply

    I guess you were asleep when it plunge in Sept 15. After that day it’s been unstable. up and down. pleasssssssssse get real and support our president. He’s our president and you can’t change that! stop spreading fear! We have been in a recession and because of it Obama won. What I do see it’s our allies and the ones president Bush push away are standing with us and expecting for United States to lead them to a new direction of hope and peace.
    References :

  14. By QuiteNewHere on Feb 22, 2010 | Reply

    You are treading treacherous waters. The financial markets are teetering dangerously into complete collapse and the blame ball tossing is fast and furious.

    An Obama presidency was predicted to trigger a non confidence in government by at least half of the citizenry. This is based on the too close to call the winner polls.

    What happens when the citizens are not happy with election outcomes?

    Trouble.

    On your next point, which is "that the previous democratic "reign" had pushed for lower standards for home loans is also correct..

    This point has been named in so many studies as being the initial surface where the bubble built up on.

    So- you are right.
    The seething mess was inherited (handed over) to the republicans. Not only that, They also have been bestowed the years of unproductive democrat driven negotiations in the middle east.

    Now,what was the mantra again? We will go back to negotiations!
    Uh huh, that is what we democrats like to deal with problems. Sanctions. We wont sell you food!. we wont show you our best
    movies ! So you better shape up.

    Ok call this whatever you like. Its nice to call this the "R" word. God forbid it actually is the beginning of the "D" word.
    I want you to be right and I am ignoring reality for now.

    References :

Post a Comment