Site for Free Markets and Free People

Tuesday, January 20, 2009

Market Gives Obama No Confidence Vote

The stock market got crushed today. Since his election victory on November 4, the U.S. stock markets are down approximately 20%. While journalists will be quick to say that it's all Bush's fault, investors know that the markets look forward, not backward. And it's plain to see that the market has already told us what they think of the new Administration and Congress.

Worst Inauguration Day market decline in history.