Dow Jones plunges on the heels of Obama reelection; Update: Closes down 313 points
Oh the Dow is crashing?
— Mary (@mchastain81) November 7, 2012
No one could have predicted that…. RT @maryclimer: Oh the Dow is crashing?
— Tina (@0402sgrl) November 7, 2012
Twitterers were greeted this morning by news of a plummeting Dow Jones Industrial average.
— Renee Hulshof (@reneehulshof) November 7, 2012
During the course of the morning, it continued to fall:
What do ya know, the Dow is getting hammered while stock in gold is rising. twitter.com/derekbrinker/s…
— Derek Brinker (@derekbrinker) November 7, 2012
DOW still on the fall. -210 and dipping further.. #ObamaEconomy
— Heath Mayo (@HeathMayo) November 7, 2012
And the shoots of the Obama recovery due to last night’s victory can be seen this morning, as the Dow is down 220 points.
— Sam Valley (@SamValley) November 7, 2012
Obama Sell-Off Accelerates: Dow Drops 294 Points in Reaction to Obama Win thegatewaypundit.com/2012/11/stocks…
— Matt Dawson (@SaintRPh) November 7, 2012
Dow down over 300 today.
— Andrew Kaczynski (@BuzzFeedAndrew) November 7, 2012
“Dow falls more than 300 points after Obama’s re-election and new concerns about the global economy.” — CNN
— Jessica Wright (@jwright118) November 7, 2012
Dow Jones Industrial Average Celebrates “Four More Years” With Biggest Drop In A Year zerohedge.com/news/2012-11-0…
— zerohedge (@zerohedge) November 7, 2012
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.
For many Twitterers, the news didn’t come as much of a shock. But it still hurt:
I see the DOW is not pleased today
— Kathi(@14Kathi) November 7, 2012
Woke up to the Dow being down 310… #sh*tidontlike
— Ryan Berry (@tdhberry) November 7, 2012
And now the DOW drops 300 points, a clear indication of how the next 4 years will be with Obama in the White House.
— Mara Witsen (@Chevy_caMARA) November 7, 2012
The Dow is plunging and gas prices are going back up.I wonder why?
— Shane Vander Hart (@shanevanderhart) November 7, 2012
The dow is down 300 points today.. #imnotsayingimjustsaying
— Erica Brothers (@erica_brothers) November 7, 2012
— Corey 103Q (@corey103Q) November 7, 2012
Dow Jones is down 300 points the day after an election. This is a ringing endorsement from Wall Street.
— Shane Lewis (@ESLEWIS21) November 7, 2012
Dow drops 300 points? Nothing to see here, Obamaconomy.
— A.J. Owen (@AyyyOhh) November 7, 2012
Anyone else surprised the Dow is down 300 points the day after the election? I’m not.
— JJ Barnhart (@jjbarnhart) November 7, 2012
Well Obama is off to an awesome start…. dow crashes 300 points #goodworkamerica
— Noah Dmitri (@NoahDmitri) November 7, 2012
Dow’s getting absolutely hammered today. #4MoreYears!
— Eric H. (@ericinva) November 7, 2012
So the Dow is down 299 points at noon! I don’t know much about the stock market, but I’m educated enough to know this is not good.#forward
— Danielle Sofia(@DSofia21) November 7, 2012
Dow under 13k, major selloff unemployment @ 8%, healthcare looming, tax the rich, fiscal cliff, major debt sounds like a #HEALTHYBIZCLIMATE
— Matthew J. Carlson (@MC_RhYnO81) November 7, 2012
— RB (@RBPundit) November 7, 2012
By its very nature, the stock market fluctuates. But the day after an anti-business, anti-free-market president won reelection, the Dow’s performance could prove to be a sobering — and frightening — preview of what’s to come if we don’t restore a pro-growth agenda.
The $DOW closes down 313 points, the single worst day in 2012.
— Adam Henry (@viewofadam) November 7, 2012
Dow finishes down 313 points in worst day this year; B. of A. slides 7% on.mktw.net/Z0RjUy
— MarketWatch (@MarketWatch) November 7, 2012