I was watching the Today show this morning while getting the kids ready for school and myself for another home staging job today, when the program was interrupted by a special news report.  President elect Obama was introducing his security team. 

While somewhat interesting, what was curious to me is that, prior to Obama's press conference my husband said that the market was up around 120 points or so.  That was relatively good news because of all the 'up' days last week (tracking our retirement funds progress).  AFTER the press conference, the market was down nearly 400 points?!?!?!

I don't pay a lot of attention to the markets, more of my husbands thing, but he says that it appears that every time Obama appears on TV, the market drops.

"There was no shortage of information for the markets to absorb Monday, such as a 26-year low for U.S. manufacturing activity, forthcoming speeches from Treasury Secretary Hank Paulson and Fed Chief Ben Bernanke and the unveiling of President-elect Barack Obama's national security team."

Is it just a coincidence?  Is it related?  Or is it just faulty recollection? (has been known to happen now and then!)

Perhaps someone more enlightened than us can shed some light?