# Why have the markets fallen on Obama's victory day?

**URL:** <https://boards.straightdope.com/t/why-have-the-markets-fallen-on-obamas-victory-day/471305>\
**Category:** Miscellaneous and Personal Stuff I Must Share\
**Created:** [November 5, 2008, 5:47pm UTC](https://boards.straightdope.com/t/why-have-the-markets-fallen-on-obamas-victory-day/471305 "2008-11-05T17:47:51Z")\
**Posts on this page:** 2\
**Page:** 2

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**Author:** ![gravitycrash](https://avatars.discourse-cdn.com/v4/letter/g/977dab/32.png) [@gravitycrash](https://boards.straightdope.com/u/gravitycrash)\
**Post date:** [November 6, 2008, 2:03am UTC](https://boards.straightdope.com/t/why-have-the-markets-fallen-on-obamas-victory-day/471305/21 "2008-11-06T02:03:45Z")

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> [@Dangerosa](#):
>
> Markets rise on anticipation of good news and fall upon the realization of the good news. The reverse happens when the anticipation of the news is seen as bad.

Actually that is a short but somewhat accurate description of the stock market. 🙂

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**Author:** ![NineToTheSky](https://avatars.discourse-cdn.com/v4/letter/n/b5a626/32.png) [@NineToTheSky](https://boards.straightdope.com/u/NineToTheSky)\
**Post date:** [November 6, 2008, 9:02am UTC](https://boards.straightdope.com/t/why-have-the-markets-fallen-on-obamas-victory-day/471305/22 "2008-11-06T09:02:45Z")

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I agree with all of you who have said that the markets had already factored in an Obama victory. But…this isn’t any old political victory. Waves of emotion have swamped the country. People are talking (rightly IMO) about a momentous moment in American history. Yesterday was a day when I thought emotion would over-ride reason.

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