The effect of the results of the election of OBAMA on the stock exchange in the US has deceived me. I was expecting a regain in the confidence of the investors and an improvement in the indices. It would appear that this is not the case. Else, the impact of the results of the elections is not great enough to move positively the indices and to cure the situation we are experiencing. Or shall we have a wait longer?

New York Times reported:

Stocks Slump After Election Rally

The post-election bounce never materialized Wednesday.

Investors took profits and dealt with another round of bleak economic news as shares on Wall Street eclipsed their gains from Election Day.

The selling began early after a report showed that the nation’s service sector contracted in October, falling at the fastest pace since records began in 1997 and accelerated in the final minutes.

At the close, the Dow Jones industrial average was down 5 percent, or 486.01 points. The broader Standard & Poor’s 500-stock index declined 5.2 percent.