The Age of Obama Continues: Biggest Post-Election Stock Market Drop

According to Bloomberg this morning:

The stock market posted its biggest plunge following a presidential election as reports on jobs and service industries stoked concern the economy will worsen even as President-elect Barack Obama tries to stimulate growth.

There is no true evidence to directly tie the drop to the election, but the drop does come on the heels of the biggest election day rally.

In the days before the election, there was talk of a McCain comeback victory, which could have been the reason behind the stock market rise during that period.

It could be coincidence; but on Wall Street there is little room for chance over strategy.