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Market Reacts To Obama Win

November 16, 2012 by  

Obama wins, stock market falls. The day after Barack Obama’s re-election victory, the Dow Jones industrial average, a popular gauge of the U.S. stock market, suffered its biggest loss in nearly a year, dropping 312.95 points. Even so, the fall wasn’t as bad as the day after Obama first won the White House. On Nov. 5, 2008, the Dow plummeted 486 points. Maybe we should be glad the drop wasn’t worse this time.

Will the U.S. become energy independent? A new report from the International Energy Agency says that the United States will become the world’s top producer of oil within the next five years and a net exporter of the fuel by 2030 or so.  According to the IEA’s World Energy Outlook, this country could be almost energy self-sufficient by 2035, thanks to dramatic increases in the production of oil, shale gas, natural gas and “clean” energies including solar, wind and hydropower.

Another Chicago politician faces jail time. Federal investigators have been looking into whether Representative Jesse Jackson Jr., son of the famous civil-rights crusader, spent campaign funds on personal items, including decorating his home in Washington, D.C. Jackson was first elected to the House of Representatives in 1995. Despite not campaigning this time around (he’s been treated for various health problems for most of the year), the Congressman won re-election handily last week.

What have they done to James Bond? “Skyfall,” the 23rd movie in the James Bond saga, is setting box-office records around the world. It looks as though it will be the most popular Bond film ever. But what’s this I hear about our favorite spy changing drinks? Instead of a vodka martini, he’s now asking for a Heineken. Even worse, he gets caressed by a former agent with a “sexually ambiguous” past. That never would have happened with Sean Connery as Bond.

–Chip Wood     

 

Chip Wood

is the geopolitical editor of PersonalLiberty.com. He is the founder of Soundview Publications, in Atlanta, where he was also the host of an award-winning radio talk show for many years. He was the publisher of several bestselling books, including Crisis Investing by Doug Casey, None Dare Call It Conspiracy by Gary Allen and Larry Abraham and The War on Gold by Anthony Sutton. Chip is well known on the investment conference circuit where he has served as Master of Ceremonies for FreedomFest, The New Orleans Investment Conference, Sovereign Society, and The Atlanta Investment Conference.

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  • phideaux

    And the market is still falling.

  • Michael J.

    Dear Chip,
    Stock market falls aside, It should prove interesting to hear the spin justifying October job losses when they are released on December 1st. Will the massive increase in unemployment once again be Bush’s fault?
    And who’s giant mess did Obama inherit this time?

    • You Were Expecting What?

      Obozo hasn’t blamed Nixon yet. Maybe it’s Nixon’s time be be blamed.

  • Dave67

    And somehow the market got up to over 13k under Obama too…. Oops… Forgot about that didn’t you?

    Obama did not cause the collapse in 2008, he has been attempting to fix it in the face of obstructionism.

    Deal with it.

    • http://personaliberty.com A-New-Hope

      It would have been closer to 16 if Obummer was not elected. Obummer’s policy does not stimulate the economy. Case in point the Stimulous plan. That was supposed to decrease unemployment to the 5.0-5.6 range. Go get that brain tumor removed and then come back and post when you feel better.

    • Nobody’s Fool

      I hope you feel better soon. I mean, it must be difficult to live with the fact that you voted for a communist twice…oh wait, that’s WHY you voted for him!!! I get it now. You and your pinko pal Doc Sarvis need a new hobby that will take you away from this website.

    • Vigilant

      “And somehow the market got up to over 13k under Obama too…. Oops… Forgot about that didn’t you?”

      And somehow the market got up to an historical high under Hoover too, one month before the crash…. Oops… Forgot about that didn’t you?”

    • DaveH

      Dave67 says — “And somehow the market got up to over 13k under Obama too…. Oops… Forgot about that didn’t you?”.
      In typical Liberal Progressive equivocal fashion, Dave67 left out the fact that slightly before the elections (once investors caught on that Obama might win) the Dow was at about 11,000, and then started a long plummet that didn’t end until March 2, 2009 at a level of 6600 under Obama’s rule. The fact that the money supply has increased 30% since Obama took office, and there has been about $2 Trillion worth of “stimulus”, should have led to a current Dow of at least 15,000 points by now.

  • Doc Sarvis

    Dave67 is right. Also, you fail to consider that the concern about the looming fiscal cliff is affecting investors. Why always the narrow view?

    • Doc Sarvis

      The unfounded narrow view.

    • Vigilant

      Sarvis (Simple Simon) says, “you fail to consider that the concern about the looming fiscal cliff is affecting investors. Why always the narrow view?”

      Didn’t note any fiscal cliff in 2008 when the market sustained its greatest post-election loss in history. Speaking of narrow views, your memory is great need of an “expander.”

  • Cliffystones

    Don’t know if you saw it or not Chip, but the scene with 007 and the “Gay” latino was actually very funny. I was never a fan of Bond movies until I saw Casino Royale. I think Daniel Craig is the best Bond ever. I’ve even sat and watched the original Sean Connery ones since then. It was all of the interim guys and the silly plots I didn’t care for. Oh, and in Skyfall he still drinks martinis.

    • Steve E

      I hope his martinis are shaken and not stirred.

  • You Were Expecting What?

    What were you expecting from an avowed socialist with communist leaning who absolutely loathes and hates capitalism and investors with capital, those evil wall streeters? This goofball in the WH and his minions are bent on destroying this country and those imbeciles that votes for him and their vaginas wiil make us all pay the ultimate price.

    • Doc Sarvis

      I am sure that an avowed socialist with communist leaning who absolutely loathes and hates capitalism and investors with capital would never have cut taxes on small businesses multiple times. Nor would such a person allow for soft “reform” of Wall St. or prop up the auto industry until it could walk on its own again. The American people know that President Obama is making good headway on the problems this country faces and that is why he was re-elected. Your rant qualifies you to anchor one of the Right Wing talking head spots who like to create a false reality (which is why they were soooo shocked that President Obama was re-elected).

      • Hedgehog

        I’m Curious, what’s your doctorate in?

      • Vigilant

        Hedgehog, Sarvis has failed to answer that question so many times, I don’t even use the title any more when addressing him.

        Nearest I can figure, it’s short for “spin doctor,” an endearing term given to him for some obscure reason, or a total affectation on his part in an attempt to gain legitimacy.

        Notwithstanding, it’s cowardly in any case since, if he is a genuine PhD, divulging the discipline within which it was granted would in no way impact the anonymity of his screen moniker.

        Then again, if he were to tell us he’s a proctologist, that would account for a lot of the excrement he publishes here.

  • JimH

    Speaking of the stock market, did Heineken stock go up after a Bond endorsment?
    You don’t want shaken or stired.

  • Hedgehog

    Thanks Vigilant! I was curious because there is a certain pattern to his thoughts. A pattern I have encountered before, but can’t quite place.

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