|Date||Winner||Dow open||Dow close||% Diff||% Diff 4 years later|
I find it difficult to believe that large investors were shocked that Romney didn't win (it wasn't just Silver predicting the result, several others, did as well, including the polls). Maybe there was some sell-off as an emotional response... as to your point regarding market analysts:
No one can really prove why the market does what it does. Market went down? Find items in the news that people think makes markets go down and ignore the rest. Market went up? Find news that's good for business and ignore the rest. Voila' ... instant stock market expert.
This is why no one can reliably time the market.
Kind of sounds like the same reasoning for gas prices...
Amazing late in that clip how much Sheen looked like his kid.
I recall Romney saying in the infamous 47% video that "the markets will go up, just by me being elected." I guess we'll never know now...