<< It also dropped when they thought Bush had won. The world markets dropped on news Bush won. The world believes that a Bush presidency will start inflation and the devaluation of currancy. Get a clue before you start blaming this or that on such and such. >>
And you would know this because? Do you represent the views of the world? Please post a link where it says the entire world believes that a Bush presidency would hurt the U.S. I mean, how hard can it be to sit up there and look pretty?
Seriously though, the NYSE was closed when people thought Bush had won, and was also closed when people found out he hadn't ("Indecision 2000" - Comedy Central was right all along).
My opinion (not the World's), is that the market realizes that no matter who is elected, they don't like either one.