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Dow tanks on day after historic election

By
Real Estate Broker/Owner

One day after the historic election of Barack Obama, the stock market came back to earth, sinking 486 points.  The loss was cause in part by some profit taking but most investors were bothered by reports of additional job cuts in the industrial sector. 

The losses underscore the true nature of our economy, one that is linked with the rest of the world and all its ups and downs.  Americans will have to learn to live with the basic fact that it is easier to come down than to be raised up.  With Americans enjoying the highest standard of living in the world, with international companies finding the US a mature market for many products, companies are moving to where they can get the best opportunities for growth.

Our leaders, especially president elect Obama, will need to get a strong grip on the realities facing our country and do so quickly.  The rest of the world awaits.

 

See our website at http://www.yadkinvalleynow.com  for more information about the Yadkin Valley.  Serving Yadkinville, Jonesville, Hamptonville, Boonville, Elkin, Lewisville, Mocksville and the surrounding areas.  Real estate at http://www.hrgproperties.com and new construction at http://www.whiteoakcustomhomes.com

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