Most of the financial reporters must have just fallen off the turnip truck when they are amazed the markets fell on Barack Obama’s Inauguration Day. Stock Markets rise rise on speculation and fall on news. Stock prices will be higher prior to major events if they might be better than expected, like a annual or quarterly report, prior to an election or change in the prime. Once the speculators have made their quick buck, the market falls back. Rarely fails to happen.
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