Stocks took one look at President-elect Obama:
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.
Now, macro-economic factors are involved here, but the pre-election surge was followed by a post-election sell off. The Tax Man cometh, and investors are starting to hide – for our economy to rebound, Obama will have to convince them to get back into the game.
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