The Stock Market’s Initial Reaction to Obama’s Re-Election

The market plunged fast at the opening bell and hasn’t gotten up. Word is it’s been asked to star in the next LifeCall commercial after doing this impression of what falling off the fiscal cliff will look like:

dowjones

Just wait until all the “evil rich” people who were waiting to see what happened in the election before deciding what to do start moving their money elsewhere to avoid the coming onslaught of even more rules, regs and taxes.

Update: The market closed down over 312 points, under 13,000 for the first time since early August. It was the biggest one day sell-off in over a year.