Search This Blog

Tuesday, January 20, 2009

US markets tank on Obama inauguration day.

via Bloomberg:

U.S. stocks sank, sending the Dow Jones Industrial Average to its worst Inauguration Day decline, as speculation banks must raise more capital sent financial shares to an almost 14-year low.
...
The Dow’s 4 percent slide was the most on an Inauguration Day in the measure’s 112-year history, according to data compiled by Bloomberg and the Stock Trader’s Almanac.

Looks like Hope and Change are not enough.

Now tell the oceans to recede, Barry.

No comments: