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Energy, healthcare and the banking sectors ranked among the hardest hit after Obama defeated Republican Mitt Romney, whose policy positions favored those industries. Defense shares also plunged.
Investors worry that Washington is headed for a long and bitter debate over some $600 billion in spending cuts and tax increases due to kick in next year. Many fear certain changes could derail the economic recovery, with that perception behind the "fiscal cliff" nickname.
"Traders on the floor are thinking: 'Before the election, President Obama wasn't able to resolve the fiscal cliff, so what makes you think he's going to be able to do it after the election?' That's the big issue right now," said Todd Schoenberger, managing principal at the BlackBay Group in New York.
Watch PBS's The 30's (1990)- The Stock Market Crash of 1929 - it's enlightening.
This election was extremely close as far in regards to the popular. This man tried many times to run for president, but this year was by far his most successful year. When he started making his speech, I felt so bad for him. His puffy eyes and seemingly red face just spoke a thousand words. There was no doubt that he was crying over his lose.
Romney is one of the few Republicans I like. My heart goes out to him.
Well let's sing him a little song to cheer him up a bit
No. Mitt will still have his millions while the morons that voted for the head moron will be jobless and maybe homeless. He's a smart man. He can take care of himself and his family.
This election was extremely close as far in regards to the popular. This man tried many times to run for president, but this year was by far his most successful year. When he started making his speech, I felt so bad for him. His puffy eyes and seemingly red face just spoke a thousand words. There was no doubt that he was crying over his lose.
Romney is one of the few Republicans I like. My heart goes out to him.
He ran with lies and BS, did not deserve such high prize....
I actually feel sorrier for Obama because he's inherited quite a mess -- his own big mess. And unlike Romney, Obama has simply no clue how to fix the economy, he has no clue about businesses that create jobs.
I couldn't have said it any better. I don't feel sorry for Romney, I feel sorry for our nation.
This election was extremely close as far in regards to the popular. This man tried many times to run for president, but this year was by far his most successful year. When he started making his speech, I felt so bad for him. His puffy eyes and seemingly red face just spoke a thousand words. There was no doubt that he was crying over his lose.
Romney is one of the few Republicans I like. My heart goes out to him.
Why?
He has lied so many times that the American people were constantly guessing who the real Mitt Romney was.
He attacked women.
He shot the gun before aiming by speaking so soon about the attack on the US Embassy abroad.
Have I mentioned that he has lied?
I just find it hypocritical of the Republican crying about Obama having no integrity in the Oval Office but they wanted to elect a liar.
Location: Moose Jaw, in between the Moose's butt and nose.
5,152 posts, read 8,524,412 times
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No, he lied and changed positions more than any other candidate in recent history. If he ran as the person he was 10 years ago instead of trying to be a "severe conservative" which his track record proved he wasn't, and still lost, I might have felt sorry for him.
Romney ... ran a clean campaign, didn't accuse the president of lying which he did repeatedly
You're right. Romney lied repeatedly. The first real sign of his nonchalance towards lying was when his campaign put out an ad that took Obama quoting McCain, and put the words into Obama's mouth as his own. When he was called out for this, he dug in his heels. On the Jeep scare tactic, he dug in his heels. Perhaps he initially did misunderstand the Bloomberg article, but once it was clarified, did he offer a mea culpa? No way.
Those are but two examples of a whole campaign's worth of lies. Mitt couldn't even be honest about who he was running as.
Romney was shameless in this campaign. Good riddance.
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