In a 24 hour Obama presidency, we seen the market tank close to 500 points. That was a prediction I had yesterday. That was not based on emotions, but on facts. The investors are already weary about an Obama presidency and it showed.
The market on the day of the election jumped 300 points due to the excitement of the voting process. Base on this raw emotion, I knew that reality will settle once Obama was named victor and it showed.
The market didn't slipped nor dropped. It was a 500 point tank.
Not only that occurred, Hamas was trying to sent a congratulation letter to Obama, but it didn't stop the terrorist group to launch rockets into Israel, breaking a truce that started back on June 2008.
Then, the Russian President gave a 90 minute state of the union speech and did not acknowledge Obama's presidential victory. Instead, the Russian President are sending missiles near Poland, a NATO ally.
Yup, we have seen an international crisis about to ensue and the market telling us that an Obama presidency is not kosher.
Wow, I never though so much would occur within the first day of an Obama presidency. Dang, we have another 3 year and 364 days to put up with.
It's going to be a long wait to see the light at the end of this tunnel.