Thursday, November 06, 2008
Obama Inspiring Hope Everywhere....Except On Wall Street
Giddy election-day drama at Tufts University.
On U Street in Washington DC.
My wife was in Manhattan this week and told me there were screaming celebrants in her sister's East Side building, all night long.
It was probably just like the screaming celebration I heard at UPenn when OJ Simpson was acquitted waaaaay back in 1995.
Though one place Obama has failed to inspire....
....is Wall Street.
The Dow Jones Industrial Average is down about 900 points in the two days since hope-incarnate became President-elect.
Though, admittedly, if Obama's charisma can levitate this dude/gal...
Maybe his charisma can in fact boost your old 401k back up to a 201k!
UPDATE - Apparently it was the ...Market's Worst Two Day Slump Since 1987