Has Obama's election affected the stock market? It's gone down five out of six days since he got elected.?

Question

From the start of the stock market plunge on Sept. 26 until election day - a span of 40 days - the Dow lost 13.6 percent.

From election day until now - a span of 6 days - the Dow has lost 13.4 percent.

Where's the optimism?

Answer 1

Well, let's just say that markets look forward for direction. With a president elect who has promised higher taxes on corporations (really individuals), increased capital gains taxes and higher taxes on the most productive members of society, I would say it's fair to say that Obama's election in part at least has the market turning up its nose.

Answer 2

Who was foolish enough to be optimistic?

Answer 3

Investors are very fickle. If someone sneezes or say the job rate tanks, then the reaction on the NYSE goes bonkers. We will not see a stablization and growth until the loans, bailouts and related industries are on firmer ground. Things are just too volatile in the markets world wide.

Answer 4

It is buried under the real things that effect the stock market, you know like falling oil prices, high unemployment, lackluster sales, slowing global growth, lack of investor confidence based on poor returns, constant doom and gloom.



That is where the optimism is, buried under reality.

Answer 5

It's a bad economy right now. Optimism is what got us into this mess. Just ask AIG.

Answer 6

It's all Obama's fault, and if it's not, it's Clinton's fault and if it isn't his fault, it's the democratic congress. Feel better now?

Answer 7

How can anyone be optimistic with two more months of Bush? Anyway, it was going down before he was elected, too. Markets respond to a wide variety of indicators. With the economy in near total meltdown, it would be silly to expect the market to do anything else. This is not a toy recession, it's a massive calamity, the worst since 1929.

Answer 8

And it went down 30 out of those 40 days.

What's your point? That's what the market does.

Answer 9

It will recover if he plays his cards smartly. The reason it is down now is because he still plans on raising the Capital Gains tax, which causes people to lose money when they buy and sell stock. So, all the speculators and all the Smart people aren't buying until they see which way Mr. Obama goes. Kind of like in the 90's when the Dems put a luxury tax on boats, motor homes, etc. hoping to collect more money. What happened was, people quit buying boats and motor homes and all that occurred was people losing jobs due to lack of sales.

Answer 10

Golly gee whillickers, you're right! It was doing really well before!

Answer 11

Wait aren't you one of those people that swore the president has no affect on the economy ? I mean seriously... you can't have it both ways.

Answer 12

Why would an investor enter the market right now, as Southrngal has said and she is right, with the capital gains tax going up to over 40% if not upto 50% (some speculate). Most investors want to make 8% on their money. If they hit 8% they are fine with that. As it is right now they before they are taxed they really need to hit 10.5/11% to get the 8% return. Most come close some do and some do not. With the fear of the tax going up or doubling in order to make 8% they will need to hit 14% - 16% to make 8% after the tax. The odds are not in their favor. So why enter?? And to add one additional thing Obama wants to enforce a bill he and another Senator came up with called "Tax Haven Abuse Act" which is going to strong arm other countries like Switzerland and the Caribbean to "Open" up their books so he can see who has what and if they paid taxes on that money. So no more secrete bank accounts. But the ramifications will be this. Other countries put billions of dollars thru those banks into the US Market. They will no longer be able to this. They have already taken their money out of the US Market. This act will be put in place within the first quarter of his term.

Answer 13

The stock market was already going down way before Obama won the election. Besides Bush is still the President, Obama does not have control over the stock market.

Answer 14

Let's see, we've spent some thirty years destroying our economy and you expect it to suddenly turn around?



Credible economists say this mess, like the great depression, could take a decade or more to recover from.



If you want instant fixes, you are dreaming, and if you want to blame obama for the mess, then I guess the ruling is now that presidents do affect the economy, which all during th Bush years, you denied.



Can't be both ways now, can it?

Answer 15

Simply not possible, was informed by a Obama support at work that as soon as the bailout package was passed the economy would get better, and Obama being elected would only help it more. so far i have seen neither happening.

Answer 16

The only people that support Obama is the 52% of the blinded sheeple that fell for a speech. The other 48% along with all global investors did their homeowrk on him and verified his record & see Obama in the way he really is.



By the way to those who still need a cane and a dog to think, the market started to drop as soon as Obama beat Hillary. The closer to election day when McCain could not close the polling gaps, the market reacted directly to it......down. Not even election day results and sense then does the market ( foreign investors in U.S. companies who Obama will tax murder these companies ) support Obama. Get it now?

Go ask DHL what they think?



In 48 short months, we'll see how many of those 52% actually tore their damn blinders off so they can see what we already knew.

Answer 17

Bush in power. The avalanche starts. Bush in power, the avalanche picks up speed and momentum. Obama get elected. Bush is still in power and will be for two more months, the avalanche is now too big to stop. It is obviously Obama's fault.

Answer 18

I don't see a connection between his election and market performance. He hasn't given speculators enough details about any plans he has for them to speculate on. Lets just wait to see what he does when he takes office, and, lets hope for the best because we're stuck with him for at least 4 years.

Answer 19

whatever, it surely doesn't have anything to do with Obama. Why didnt you report how if plunged the whole time Bush has been messing up the economy?

Answer 20

Aready trying to blame Obama for Bush's failed policy....

Answer 21

It really started crashing after he was announced as the democratic nominee.

Answer 22

Yes, it has gotten worse since the elections

Answer 23

You can't fool 'Mr. Market'. http://www.theobamafile.com/

Answer 24

People are getting out now, before they get malled by Obama's taxes.

Answer 25

that is the wealth redistribution Obama wanted... Everyone losses their money and no one has any.

Answer 26

go figure