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Published: Saturday 19 October, 2013

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Funny, I just checked Twitter, and I not yet seeing an ecstatic response to this clear indication of Wall Street acquiescence to Obama. Instead, a search for market and reveals plenty of sore losers still crowing over how the 434point decline in the Dow on Wednesday and Thursday proves that the president reelection is a disaster for the United States.

stock market is really going down the shitter since Obama got reelected. what about that stock market crash because Obama was reelected? We headed to another recession. lines, price cheap clothes online shopping s, food prices, unemployment, stock market crash, welcome to Obama second term. market already down? I calling everyone who voted for Obama a dumbass in my Red Foreman voice. Investment adviser and notorious loon Marc Faber declared on Bloomberg TV that the market should have fallen 50 percent and investors should buy themselves guns. Fox Business News Stuart Varney also chimed in, calling the stock market drop a to Obama reelection. silly people. If we going to talk about Obama and the Dow, there is only one number that counts. Over the course of his entire presidency, the Dow Jones industrial average has risen more than 60 percent. In fact, if you start tracking from the low mark hit on March 6, 2009 6,469 about three weeks after the stimulus bill was signed into law, the Dow has more than doubled. There no way around it. Obama presidency has been very, very good for investors, for 401Ks and college funds and IRAs. For the market, another four years like the last four would be spectacular. EDT: The Dow rises another 10 points, n cheap clothes online shopping ow up 65.10 on the day. Cries of more years ring out at the New York Stock Exchange.

There is certainly a possibility that miffed members of the 1 percent, angry about the prospect that their taxes would rise and DoddFrank regulations would actually be enforced, dumped stocks on Wednesday. There is also a chance that investors who had previously been fixated on the election suddenly woke up to the nightmare that partisan gridlock might send the economy hurtling over the fiscal cliff. But if either of these explanations are true, it just doesn reflect well on the acumen of American investors. First, they haven proven themselves incapable of reading the polls, and second, they don seem to have a good grasp of recent history.

There is zero chance that the fiscal cliff will crash the economy. There may well be a scary game of chicken as Barack Obama and John Boehner test each other to see who will blink first, and the gameplaying could go right up to the last possible minute, but history tells us there will be a deal. Everybody, chill. We may see some Hurricane Sandyrelated economic blips in the next couple of months, but the underlying economic trend points toward a more healthy economic recovery than anything we seen in the previous four years. s cheap clothes online shopping tocks. If you sold early this week, out of pique at Obama reelection, you probably screwed up. EDT: The Dow keeps rising, up another 8 points, now up 76.37 on the day. EDT: The Dow drops 15 points in just 11 minutes!Sell, sell, sell! Doom is upon us. Black Friday Early Afternoon is upon us!

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