The stock market dropped 294 points today in reaction to the Obama landslide victory last night.
Obviously, his promise to increase taxes, increase spending and increase regulations is having an impact on the market.

 

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  1. Lots of selling to take advantage of the lower cap gains and dividend rates in 2012 vs. 2013+.

  2. Another Pyrrhic victory for the communists. With each win they bring more death and darkness upon themselves.

  3. I can say, without equivication, that I will be more than happy to write that check to the IRS next year for far less money than we have the past 10. Downsizing was the right move afterall.
    You parasites enjoy. In a few years, you will have killed your host and I can’t wait to hear your cries.

  4. Obama is the knife and liberals just slit their own wrists

  5. The market selloff is temporary. The inflationary policies of the Obama administration will actually cause equity prices to turn up, even as unemployment and underemployment continues to rise over the next few years. Commodities will also rise, bringing significant inflationary pressure to bear upon consumer goods prices. Gasoline, food, you can expect double-digit inflation in those prices over the next year or so. Obama will knee jerk for price controls, and those will result in shortages everywhere. Hurricane Sandy is a good preview of what Obama’s America will be like over much of the next four years, and frankly, until the end of time. Half the country pays no taxes and gets a check from the government. Why would those people ever vote to stop the checks? Work is hard. Work sucks. It’s fun to stay home on the couch.

  6. Where were the Republicans? Every Republican I know would have crawled over burning coals to vote this year and somehow we didn’t even match McCain?

    In 2008 I walked straight into my polling place on election day and voted for McCain, no waiting. This year I waited in line for 2 hours just to vote early. But our turnout was lower this year? We had a 15% increase in EV in OH but our turnout fell?

    Sorry, but bullsh*t.

  7. You’re right, it has nothing to do with Europe and ECB head Mario Draghi’s comments.

  8. It’s still falling, as of now 11:46AM, it’s -323 10 minutes ago it was -330.

  9. Sasja, how are you writing a smaller check?

  10. Voting FORWARD means moving DOWNWARD!

  11. THAT WAS NOT a landslide….

  12. Bill Mitchell #6
    I was thinking the same thing. Were Republicans standing in line to vote for Obama or
    did they just not show up for the most important election of our lives?
    Makes no sense, and the whole thing just smells!

  13. Bill Mitchell, allow me to introduce you to what those of us in the Not Chicago part of Illinois already know full well, the Chicago rigged election. You don’t think they actually counted the votes do you? They just announced the results they needed to declare Obama the winner. I have a feeling all of the swing states got a crash course in Chicago election counting.

  14. With the DOW tanking (-300) today, who’s the BIG winner?

    CHINA AUTO LOGISTICS INC
    +101%

    China Auto Logistics Inc. primarily engages in the sale and trading of imported automobiles in the People’s Republic of China.

    Meet the new boss…

  15. It doesn’t matter what candidate the Republicans run for office. The mainstream media have to power to destroy anyone that doesn’t align with their ideology. The liberal MSM are the information gatekeepers and they set and control the narrative the public sees. Unfortunately most people still rely on the regular press for their information. So feed the public manufactured agendas and a false narrative and you dupe a wide segment of society into seeing things from your point of view. Unless conservatives can gain the reins of the mass media and use it to their advantage then I forever see a losing battle.

  16. #15–As a former Illinoisss resident for 25 years, know very well the Chicago style rigged elections. Thus, all the bussing in of poll workers to other states….and they call it turning out the base….

  17. Another Pyrrhic victory for the communists. With each win they bring more death and darkness upon themselves.

    Unfortunately, us non-Commies end up suffering collateral damage.

  18. AC/DC – Spoilin’ For A Fight Lyrics

    I see trouble coming man,
    Well I’m coming to a fork,
    Sliding down a road,
    Gonna lick ‘em on down,
    We’re gonna run right out,
    I’m a fighting fool,
    And I’m hungry for you,
    Well I’m living on a line,
    I’m protecting my life,
    Rock with me, come on come on,

    You’re only spoilin’ for a fight,
    Spoilin’ for a fight,
    Spoilin’ for a fight,
    Spoilin’ for a fight,
    Spoilin’ for a fight,
    Spoilin’ for a fight,

    Make your heart beat thump,
    Make your starter jump,
    You’re running on time,
    Then you’re fighting all night,
    With my rocking shoes,
    ‘cuz I’m hungry for you,
    Well I’m living on the line,
    All my life, rock with me,
    Come on come on, you want it

    Spoilin’ for a fight,
    Spoilin’ for a fight,
    Tryin’ to make it right,
    Spoilin’ for a fight,
    Spoilin’ for a fight,
    Trying to make it right,

    You betta stand your ground,
    And keep out of my town,
    To live another day,

    Spoilin’ for a fight,
    Spoilin’ for a fight,
    Trying to make it right,
    Spoilin’ for a fight,
    Spoilin’ for a fight,
    ‘cuz I’ve gotta make it right,
    Fighting all night,
    ‘cuz I’m spoilin’ for a fight



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