Dow Continues to Fall After Elections
Business Source November 6th, 2008It seems the presidential elections didn’t do much for the markets and they continue to slide today. The DOW had a big points drop on Wednesday, the day after Barack Obama was elected president of the United States. As of right now, the DOW is about 65 points on the negative side and it doesn’t sound like anything is in the near future to help those numbers. The markets acted very well when the words stimulus package got brought up, but it seems the days are growing shorter in 2008 for Americans to expect another check from the government this year. I think it’s a dangerous combination when citizens get a whiff of a check that might be coming and it suddenly gets pushed to the back. I don’t think the markets will recover this year, based on the stimulus checks not going out this year. It seems we all have a lot more to endear and the times are just too uncertain right now, for anybody to be trusting their hard-earned dollars to Wall Street.






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