Friday, November 07, 2008

Obama's election causes stock market plunge

US markets logged their biggest two-day point decline on record on economic concerns and poor earnings. Weekly jobless claims continue reflecting weak labor market and retailers reported weak monthly same-store sales data. The shrinking economy crushed earnings at companies from Blackstone to News Corp.
In just two days companies are reporting poor earnings, retailers weak sales, and jobless claims for October, which will be announced today, are way up.

We're losing 480,000 jobs a week under this guy!

Can we get a re-vote?