GMX Resources Inc. Message Board

The market tanked because of the financial crisis and because of Obama. Part of the reason the market started plunging in October 2008 was because investors began to anticipate the very real possibility that Obama could win the election, and started selling ahead of the election. The financial crisis combined with Obama caused a brutal selloff in the fall of 2008.

Careful coondog, he is a revisionist Fascist. Funny that the Fascist distortion of facts fell apart in the election.

Just checked my chart history: The S&P 500 index closed October 2008 at 968.75. Then after the election it plunged to a new low of 741.02 in November. So the market's collapse started before the election and then got worse after the election. The energy sector tanked much more than the overall market after the election because of fears (large unfounded) that Obama would tax the energy sector much more heavily.