HolyCoast: Welcome to Day 2 of the Obama Depression

Thursday, November 06, 2008

Welcome to Day 2 of the Obama Depression

How spooked is Wall Street about the Obama Administration? Yesterday the Dow dropped 486 points. Today it dropped 443 points. That's 929 points in two days, nearly 10% of the value the Dow had at the close of business on Tuesday. It's on of the worst post-election declines in history.

If you're an investor, why would you commit any capital to the markets right now without knowing what Obama is going to do to your money?

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