Fox Business Channel Blames Obama’s Victory For Stock Market Dip

http://thinkprogress.org/economy/2012/11/07/1156651/fox-stock-blame-obama/

 After Fox News grudgingly called the election for President Obama early Wednesday morning, Fox Business quickly started hawking the idea that a stock market drop on Wednesday morning was in response to Obama's victory. Stuart Varney and Ed Butowsky claimed the decline was because "the takers have taken over" and investors are afraid of tax hikes:

VARNEY: Dow Industrial is down 177. That is a sell-off. Is it an Obama sell-off? We'll discuss.With Obama's victory, the takers have taken over. The makers are clearly in the minority.Am I right? It's a sell-off the day after the election, with an Obama second term we're down 183 points.
[...]

VARNEY: And it's a reaction to the Obama victory?

BUTOWSKY: I don't see anything else except what's going on in Europe as well.

VARNEY: Okay, so stocks down, bonds up and this is largely a reaction to the Obama victory.

BUTOWSKY: Without any question in my mind.

Watch it:

rest at http://thinkprogress.org/economy/2012/11/07/1156651/fox-stock-blame-obama/