Dow takes post-election plunge

This isn't exactly an endorsement on Obama's economic policies. Lawrence Summers isn't exactly the strong candidate for Treasury Secretary either. His article on Creative Capitalism is somewhat critical but it sounds like an after the fact whistleblower, especially when he could have spoken out as Treasury Secretary for Clinton. I think he is just going to be a Democrat Machine yes man. Somehow, with Obama's socialist agenda, Pelosi having stated her own priorities and common ground being found "when we can", I don't think Wall Street expects much of that $700 billion to end up in the hands of non Democrat aligned initiatives. Social welfare seems to be the play of the day.

Increase income taxes, dividends, capital gains, corporate taxes, bankrupt coal companies, put energy on back burner, cut military spending 25%, pull out of Iraq, increased unemployment, national health care, etc. sounds like a plan for prosperity.. Look at the stock market and the market will tell you what is happening. This market is asking one question...new adm. supportive or destructive to this economy. Do not fret the Grand Wizards in Washington are at work? Washington never looks at the ROOT CAUSE of a problem. The solution is always throwing more good money in with the bad never providing the permanent fix..just a bandaid fix.

Could this have anything to do with who we just elected as the President and his campaign promises? I wonder...

When will you guys ever stop writing stuff like, “Stocks fell initially as investors cashed in gains…” that is just filler and code talk for you have no idea why the market went down. Stop making up things that are suppose to sound smart and just report the news – Mark Matson.