The economy

According to this AP poll, 70% of those polled believe that The One will fix the economic troubles that face the country. Now, I don't know if he will or if he won't, but lets take a look at the only major indicator available to us at this time. That would be the stock market.

The Dow Jones Industrial average closed at 9619 and change on election day last Tuesday. It looks like today's closing is going to be around 8694. That would be a drop of about 925 points, or 9.6% just one week since his election day victory.

Now I don't have any fancy degrees in economics, but it seems to me that a drop of that magnitude in such a short amount of time is not a good thing. Perhaps the brilliant idea of raising taxes in a down economy is making investors a bit queasy.