This is not good for anyone.  Businesses were already concerned about what an Obama presidency means for them after his promises to raise their taxes and now the markets seem to be reflecting that fear.  Stocks fell more than 5% yesterday – the biggest post Election Day loss in history.  Today those losses continued as markets were down nearly another 5% at closing.  That marks nearly 7% in total losses in the two day period and pretty much wipes away the recovery that had started last week – which coincidentally happened when it seemed McCain was closing the gap on Obama leading up to Election Day. 

Certainly other factors come into play as some big corporations have announced disappointing results in recent days.  However, it does give you reason for concern.  Remember that the numbers you see in the markets today are “looking ahead” six to nine months so this doesn’t bode well.  I know firsthand that a number of large construction projects here in the Denver area have been put on hold until the building owners figure out what an Obama presidency means to them.