The markets have been an indicator of how much confidence the American people have in the economy as well as who can make or break the economy.
The first full trading day after the election, November 5, 2008, the Dow Jones Industrial Average (DJIA) plunged 486 points, and the S&P 500 plunged 52 points, both losing over 5%. In fact, the markets also sank an additional 5% the following day.
Then on inauguaration day, January 20, 2008, the DJIA sank 332 points (over 4%), and the S&P 500 sank 44 points (over 5%). Obviously the American people are pissed that Obama is now president.
Overall, from Election Day to Inauguration Day, the markets have plunged nearly 20%. It certainly looks like President-elect Obama sure helped out a lot. If this is what the Office of the President Elect is going to do, then it is a clear indiction of the direction of our economy under the Office of the President of the United States!
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