Wednesday, November 7, 2012

One can't have their Dow and redistribute it too

Obama supporters were ecstatic and partied hearty last night.   The stock market reacted by dropping like its hot. 

"It seems like only last night everyone was celebrating more hope, if not much change. Now comes the hangover. The Dow Jones intraday drop is now 2.23% (and rising), greater than the biggest drop so far in 2012 record on June 1. The last time the market plunged as much: literally one year ago, or November 9, 2011. Sadly, it appears that one can't have their Dow Jones Industrial Average and redistribute it too."
--http://www.zerohedge.com/news/2012-11-07/dow-jones-industrial-average-celebrates-four-more-years-biggest-drop-year

Apple is down 3.4% today already.  Gold is up 2%; silver is up 3%.  Ironically, treasuries rose as a result of the flight to safety.

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