Stocks Make Biggest Post Election Day Plunge Ever

November 5. 2008

President Obama

The U.S. economy and stock market, already reeling from George W. Bush’s terrible economic policies, took a hit today, recording its biggest post Election Day plunge in history.

Investors are concerned, as it is being said they do not know what to expect from President Obama’s economic policies.

Considering the country is running on financial fumes, the president has his work cut out for him and on a limited budget, due to the previous administration and Congress' excessive spending.

U.S. Stocks Post Biggest Post-Election Drop on Economic Concern

Nov. 5 (Bloomberg) -- The stock market posted its biggest plunge following a presidential election as reports on jobs and service industries stoked concern the economy will worsen even as President-elect Barack Obama tries to stimulate growth.

http://www.bloomberg.com

Stocks plunge anew as recession worries resurface

Wednesday November 5, 6:29 pm ET - Wall Street falls sharply as investors, worrying about recess, ponder Obama impact on economy

NEW YORK (AP) -- A case of postelection nerves sent Wall Street plunging Wednesday as investors, looking past Barack Obama's presidential victory, returned to their fears of a deep and protracted recession. Volatility swept over the market again, with the Dow Jones industrials falling nearly 500 points and all the major indexes tumbling more than 5 percent.

http://biz.yahoo.com