[speechlesstx]

I didn't assume anything, I reported.

Wall Street greeted a second Obama term the way it greeted the first.

Investors dumped stocks Wednesday in the sharpest sell-off of the year. With the election only hours behind them, they focused on big problems ahead in Washington and across the Atlantic Ocean.

Frantic selling recalled the days after Obama's first victory, as the financial crisis raged and stocks spiraled downward.

Four years later, American voters returned a divided government to power and left investors fretting about a package of tax increases and government spending cuts that could stall the economic recovery unless Congress acts to stop it by Jan. 1.

In Europe, leaders warned that unemployment could remain high for years, and cut their forecasts for economic growth for this year and 2013. The head of the European Central Bank said not even powerhouse Germany is immune.

The Dow Jones industrial average plummeted as much as 369 points, or 2.8 percent, in the first two hours of trading. It recovered steadily in the afternoon, but slid into the close and ended down 313, its biggest point drop since this time last year.

"It does look ugly," said Robert Pavlik, chief market strategist at Banyan Partners LLC. He said it was hard to untangle the impact of Europe-related selling from nerves about the nation's fiscal uncertainty.

"It's a combination of all that, quite honestly," Pavlik said.

It was the worst day for stocks this year, but not the worst after an election. That distinction belongs to 2008, when Barack Obama was elected at the depths of the financial crisis. The Dow fell 486 points the next day.

This time, energy companies and bank stocks took some of the biggest losses. Both industries would have faced lighter, less costly regulation if Mitt Romney had won the election.

Stocks seen as benefiting from Obama's decisive re-election rose. They included hospitals, suddenly free of the threat that Romney would roll back Obama's health care law.

Obama was elected Nov. 4, 2008.

The Dow plunged more than 400 points on each of the next two trading days.

Looks like a pattern to me.

[tomder55]

So you'd want your candidate to be *further* right? That would be an interesting election cycle for sure.

Yes indeed . The Dems lost in 2004 with a center -left candidate and their prescription was to go hard left. That has worked out for them.

[NeedKarma]

Looks like it comes and goes:
Market's performance the day after Election Day - News - Boston.com

How the stock market has behaved the day after recent presidential elections:

— Nov. 5, 2008: Optimism about an Obama presidency, which had fueled a 305-point rally the day before, gives way to postelection nerves during the financial crisis. The Dow Jones industrial average falls 486 points, more than 5 percent, to 9,139.

— Nov. 3, 2004: Wall Street celebrates the re-election of George W. Bush with a solid rally. A concession by John Kerry ends fears that the election would be fought in the courts. The Dow climbs 101 to close at 10,137.05.

— Nov. 8, 2000: A choppy trading session amid extraordinary political uncertainty. The postelection fight heads for Florida, and the Dow falls 45 to 10,907.

— Nov. 6, 1996: Voters deliver two more years of divided government, re-electing President Bill Clinton and returning Republicans to control of Congress. With the economy humming, that’s fine with investors. The Dow jumps 96 to 6,177.

— Nov. 4, 1992: Investors, having bid the market higher for a month in anticipation of a Clinton victory over President George H.W. Bush, cash in. The Dow falls 29 to 3,223.

— Nov. 9, 1988: A Republican victory fails to rally the market, and investors focus on problems for the new administration, specifically the trade deficit and a budget gap. The Dow drops nine to 2,118.

— Nov. 7, 1984: It may morning again in America, but something less than bright sun shines on Wall Street. The Dow falls 10 points — the equivalent of about 115 points today — to 1,233.

[excon]

Hello Steve:

What's missing in the analysis of previous years, is our looming cliff. Then we had Mitch McConnell saying that nothing's changed. He's going to CONTINUE to obstruct..

THEN the market crashed... I wonder if those events are connected??

excon

[talaniman]

What part of the falling market means a rich guy profits is it you are not understanding?

[speechlesstx]

Are you still going to play that silly class warfare game, Tal? You won, and your own rich guys will still get richer while dividing us even further.

[smoothy]

Just had to post this...

[excon]

Hello smoothy:

I'd print that out and stick in on your pick up.

excon

[smoothy]

Hello smoothy:

I'd print that out and stick in on your pick up.

excon

I've actually been considering it... except my rear cab window is tinted real dark... I don't put decals or stuff on any of My Mercedes, yes I have several of those... as in more than two.

[NeedKarma]

I don't put decals or stuff on any of My Mercedes, yes I have several of those... as in more than two.

When you feel the need to try to impress people on the internet you know how far downhill you've gone.

[smoothy]

When you feel the need to try to impress people on the internet you know how far downhill you've gone.

I personally don't give a damn what you think... if you think I feel some need to impress you or anyone else here... you are the one with the deeply rooted problem, not me.

I'm a car collector... I have more than those as well... its not been kept a secret from anyone.

[NeedKarma]

I personally don't give a damn what you think

You obviously do - you posted about how many mercedes you have in an effort to try to impress us.

[smoothy]

You obviously do - you posted about how many mercedes you have in an effort to try to impress us.

You are really full of yourself then... aren't you?

[NeedKarma]

Not sure how you jump to that conclusion but carry on, you really amazing powerful rich guy.

[NeedKarma]

Wow, Trump had a meltdown!

Donald Trump melts down over Obama victory - Your Community

[speechlesstx]

Trump's a moron. What's Michael Moore's excuse?

[smoothy]

Not sure how you jump to that conclusion but carry on, you really amazing powerful rich guy.

Who claimed I was rich, I never made that claim in my life... I'm not... and Incidentally... since you thought admitting to three was bragging...

I own 8 antique roadworthy and licensed vehicles, 4 are motorcycles(three of those I keep in Italy). Three are Cars and one is a truck... then I have non antiques as well.

You might have to be rich to do that in Canada... but you don't have to be where I live in the USA. Being over 50 and NOT in my twenties means I pay less to insure everything than I did for one of car as a 20 something recent college grad in the early 80's.

[talaniman]

I don't get it! I have survived Nixon, Reagan, and TWO Bushes, but you guys can't get through the Obama administration? You guys are wusses!!

[speechlesstx]

So did I. None of them took over my healthcare, spent nearly that much money, or bowed to dictators.

[speechlesstx]

This is more of what we have to look forward to...

LAS VEGAS (CBS Las Vegas) — A Las Vegas business owner with 114 employees fired 22 workers today, apparently as a direct result of President Obama’s re-election.

“David” (he asked to remain anonymous for obvious reasons) told Host Kevin Wall on 100.5 KXNT that “elections have consequences” and that “at the end of the day, I need to survive.”

“I’ve done my share of educating my employees. I never tell them which way to vote. I believe in the free system we have, I believe in the right to choose who they want to be president, but I did explain as a business owner that I have always put my employees first. I always made sure that when I went without a paycheck that [I] made sure they were paid. And I explained that I always put them first and unfortunately I’m at a point where I’m being forced to have to worry about me and my family now and a business that I built from just me to 114 employees.

“I explained to them a month ago that if Obama gets in office that the regulations for Obamacare are gonna hurt our business, and I’m gonna have to make provisions to make sure I have enough money to cover the payroll taxes, the additional health care I’m gonna have to do, and I explained that to them and I said you do what you feel like in your heart you need to do, but I’m just letting you know as a warning this is things I have to think of as a business owner.

“Well unfortunately, and most of my employees are Hispanic — I’m not going to go into what kind of company I have, but I have mostly Hispanic employees — well unfortunately we know what happened and I can’t wait around anymore, I have to be proactive. I had to lay off 22 people today to make sure that my business is going to thrive and I’m going to be around for years to come. I have to build up that nest egg now for the taxes and regulations that are coming my way. Elections do have consequences, but so do choices. A choice you make every day has consequences and you know what, I’ve always put my employees first, but unfortunately today I have to put me and my family first, and you watch what’s going to happen. I’m just one guy with 114 employees — well was 114 employees — watch what happens in the next six months. The Dow alone lost 314 points today. There’s a tsunami coming and if you didn’t think this election had consequences, just wait.”

Sounds like his reelection was good for minorities, eh?