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Global And Domestic Markets Responding To Obama Election With Something Less Than Elation

The One

Well, he did say he would bring the world together. International trading partners and domestic investors - everyone seems really excited about a Democratic-managed economy:

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. The market was widely expected to give back some gains after a runup that lifted the Standard & Poor's 500 index more than 18 percent and that gave the Dow its best weekly advance in 34 years; moreover, many analysts had warned that Wall Street faced more turbulence after two months of devastating losses. But investors lost their recent confidence about the economy and began dumping stocks again.

At least our geopolitical neighbors respect the incoming President. That's why no one launched rocket barrages at Israeli civilians or put missiles put on NATO's borders after the election.

References:
* Actually "The World" Is Kind Of Unhappy With Obama [MR]
* Stocks plunge anew as recession worries resurface [AP]
* Mere Rhetoric: Israel Foils Massive Impending Attack, Hamas Responds With Massive Missile Attack - It's A Cycle Of Violence! [MR]
* Detente In Our Time - Russia Moves Missiles To NATO's Border, Obama And EU Prepare To Cave [MR]

Previously:
* Ohio Jewish Democrats: "Hey, How About We Make The Most Anti-Israel Candidate Evuh The Next US President?"
* Obama In 2001: "Coalitions Of Power" Need To Be Formed To Redistribute Wealth, Warren Court Neglected "Economic Justice"
* Impending Obama Victory Already Trashing US Trade, Economy

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  • Omri Ceren is a PhD candidate studying Rhetoric at the University of Southern California's Annenberg School for Communication. He lives in downtown Los Angeles.

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