U.S. Stocks Slide in Dow Average’s Worst Inauguration Day Drop
Apparently Wall Street didn't get the message that Hope and Change had now taken the "oaf" of office. While BO isn't the first President who come into office with a poor economy, it has to be shocking for the new President and his team to see stocks plummet so much. Not a vote of confidence by any means. The biggest part of the drop, and I mean 200 points of it, came after his speech. Which isn't surprising because his speech was nothing spectacular. What was noteworthy was the promise of more government hand outs. That will not encourage growth.