Wait a minute. I though the (majority) of the the country was excited , optimstic and hopeful for the next 4 years. At least thats what the voice of the American people said loud and clear yesterday when they voted to elect Barack Obama the next President of our United States of America.
However, today, A case of post-election nerves sent stocks plunging Wednesday as investors, again anxious about a recession, began questioning what impact a Barack Obama presidency will have on business and the overall economy.
The Dow Jones industrials dropped more than 400 points and the major indexes all fell more than 4 percent.
selling picked up momentum as the market worried anew about the weakness of the economy and pondered what an Obama administration might do.
Obama's victory means that industries such as oil and gas producers, utilities and pharmaceuticals may face greater regulation and even taxes, while labor unions and automakers are expected to benefit.
In addition, banks, insurance companies, hedge funds and the rest of the financial sector will almost certainly face attempts at a regulatory overhaul by the Democratic Congress next year.
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