Since we all (myself included) were bitching one way or another about Obama, does anyone here have any idea why the markets plunged 4-6%? Yahoo didn't have much to say on it, because there were only articles referencing the inauguration and Aretha Franklin's hat.
Quote:
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"Stocks are getting crushed because of the never-ending tragedy that has fallen upon the banking sector," said Tom Sowanick, chief investment officer of Clearbrook Financial LLC in Princeton, New Jersey
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Theres hope for ya
http://www.reuters.com/article/marke...0090120?rpc=44