Inspite of Obama’s landslide victory on last tuesday, U.S. stocks posted their greatest post-election decline in history on Wed/Thu.

Look at the chart of US Market & Indian Market for the last week. One can see upside on tue, it was due to victory of Obama, you can call it Obama rally!!! But what we have seen on Wed/Thu is sharp fall, this was because of real economy which is still suffering. Again on last Friday & today we have seen upside due to various news like china bailout package etc.

Are these boost ups going to help US/Our economy recover, No Way!!! Time is the only solution for this crisis, world economy will take sometime 6-8months to find the base and from there it will start upside. Pls do not get carrier away due to these small bounces that too with low volume.

Despite the global euphoria that greeted Barack Obama’s landslide victory on Tuesday, U.S. stocks posted their greatest post-election decline in history — evidence that investors are now beginning to realize what we’ve been saying all along: "All the king’s horses and all the king’s men can’t put the economy together again.”

Indeed, this would have happened no matter who won the election; the torrent of global disasters was already in the pipeline, already feeding on itself, and already accelerating:

1. U.S. unemployment at a 14-year high … 250,000 jobs lost in October … nearly 1.2 million jobs lost so far this year … more workers now receiving unemployment benefits than at any time in a quarter century.
2. Consumer spending — two-thirds of the U.S. economy — taking … Kohl’s, Kmart and many other retailers forced to slash prices 40%, 50%, 60% … major chains like Mervyn’s, Circuit City, Linens ‘n Things and others closing hundreds of stores from coast to coast.
3. The auto industry sucking fumes … GM, Ford and Chrysler begging for more hand-outs in addition to the $25 billion Washington has already loaned them … Toyota slashing its profit forecasts by more than 66% … Daimler’s sales plunging 18% … BMW profits cut in half.
4. Technology companies starving for sales … Cisco’s growth rate cut in half … Qualcomm posting a 22% drop in earnings … quarterly profits at Lenovo Group, the world’s fourth-largest PC maker, crashing 78% in July, August and September.

THIS is why Congress is already talking about throwing hundreds of billions more at this crisis.