Wednesday, November 5, 2008

Dow Drops Just Over 486 Points

After one of the largest election day gains in history of more than 300 points for the Dow, the United States had the worst post election day drop ever. The Dow dropped just a touch over 486 points on no real news. No news that is, except who are president will be for at least the next four years. Any connection? No way to know for sure, but it is possible. For the reason you should read my last post (Berman Post: Why Raising Capital Gains Tax Can Crash The Market).

"Market Snapshot

DJIA 9,139.27 -486.01 -5.05%
Nasdaq 1,681.64 -98.48 -5.53%
S&P 500 952.77 -52.98 -5.27%

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