you realize that historically the markets have done better when democrats were in office, right? additionally the drop has little to do with obama's reelection. on election day obama's intrade odds were at around 70% (and higher) making an obama reelection obvious for wall street. stock futures were rising wednesday morning after the obama victory and only started falling when it become more evident that the EU crisis was beginning to affect german economic growth. sure the possibility of a fiscal cliff, and the permanence of the dodd-frank financial reform and volcker rule limiting proprietary trading (which wall street hates) is something to potentially upset markets, but it wasn't the only thing happening. it's a global economy, not just the us.

i am not shedding any tears for defense gov contractors.

It is about far more than the market.

Honestly, markets would have fallen yesterday even if Romney had won. Hence why I bought gold Tuesday and sold Wednesday… 😛

Could it be because now that the election is over the markets have turned their attention to the looming fiscal cliff just around the corner that Boehner has all but promised he will not compromise on?

nope didnt read it. and i never disagreed with you. of course it wasnt a landslide. there have been about 2 landslides in our history, reagan and nixon

Perhaps you didn't read the article Ian. The point wasn't whether or not it matters, but that 48% of the population voted for him. That's not exactly a landslide. A LOT of people dont like Obama's approach.

i forgot, does the pop vote matter?

You're right. I was thinking of the electoral votes when I wrote this

🙂
Emily, I'm trying to be optimistic here.
But you are definitely right. Stock traders were not happy