Posts Tagged ‘markets’
Markets continue freefall as Obama runs out of people to blame
March 3rd, 2009
Yesterday the markets fell more than 4%, continuing a freefall that really began on Election Day last November. It is becoming readily apparent that the new admnistration’s open hostility toward capitalism and American business is driving us deeper into the recession. While I did not vote for him, I had hoped for the best as [...]
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Are the markets a referendum on the president and his bailout plans?
February 23rd, 2009
Let us hope not! Here is how it has looked recently: The Dow and S&P 500 closed Monday at their lowest levels since 1997. The markets have dropped nearly 10% since Inauguration Day (chart below). The markets dropped a record 14% between Election Day and Inauguration Day. The markets dropped a record 4% on Inauguration [...]
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Wall Street Referendum on Obama Presidency – Stocks Dive
November 6th, 2008
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 [...]
