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GMX Resources Inc. Message Board

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  • trader979 trader979 Nov 15, 2012 12:14 PM Flag

    Everyone enjoying this "Obama Market"

    That is true, but keep in mind that the S&P 500 index plunged in November 2008 mainly because Obama was elected. I saw that plunge in real-time and it was absolutely incredible how badly the energy sector was decimated in that selloff. So Obama started with a badly beaten-down market that sold off hard because he was elected. Then the market got worse as the economy tanked badly in December 2008 and early in 2009.

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