Fear Makes a Comeback

greg-mcneilly

Greg McNeilly

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Posted:
01/20/09

America's job providers - those who invest capitol to create employment - literally puked during the Inauguration of Barack Obama. Not since 1900, has the DOW dropped as much as it did today during a President's Inaugural. Those trying to get the USA running again by fueling companies with the resources they need to compete and win demonstrated a great deal of fear upon Obama's swearing in.

Correlation does not mean causation but it makes you wonder.


Financial companies plunged 15 percent, their largest single day drop in nearly two decades. The market as a whole free fell 4 percent. Wall Street opened down and slid all day, 332.13 points to 7,949.09. The lowest level since the last Democrat President Bill Clinton was in the Oval Office in March of 1995.


Is it the times we live in? Or the challenges we face? Or the prospect of 1,460 days of President Obama?