Dow Falls 332 Pts on Obama Day

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He may have the power to pack almost 2 million sheeple into the Mall in DC, but the Dow Jones did not respond very well to Obama’s coronation:

Financial stocks, many of them falling by double digit percentages, led a huge drop on Wall Street Tuesday that left the major indexes down more than 4 percent and the Dow Jones industrials down 332 points. Although traders on the floor of the New York Stock Exchange paused to watch the inauguration ceremony and Obama’s remarks, the transition of power didn’t erase investors’ intensifying concerns about struggling banks and their impact on the overall economy.

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