January 20, 2009

NO OBAMA RALLY? Drudge is running this at the moment:

And he links a story saying that today saw the worst Inauguration Day market drop in history. This is kinda unfair — I don’t think it was Obama’s swearing-in, which the market surely discounted ages ago, that affected today’s prices. (See, e.g., this.) I did, however, expect some kind of a hope-and-change rally for a little while after the Obama Administration started, though. Maybe tomorrow. On the other hand, a friend said there were a lot of people at Scottrade today, and she was the only one putting money in.

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