Hours before the polls closed on November 4th, the S & P 500 stock index closed for the day at 1005.75 . Yesterday, after 12 trading sessions since the election results were known, the S & P closed at 752.54. That is a drop of 253 points, and 25.2%. There has never been such a reaction to an election result in American history . The loss is 2.5 trillion dollars in market value, just for for the S & P 500 companies. The broader Wilshire 5000 stock index is down by a similar percentage these last two weeks with a total  total loss on that index of well over 3 trillion dollars since election day. While many Americans and the national media seem to be experiencing a kind of rapture about their new President elect, investors seem far more nervous. The gains by the Democrats in Congress and the Senate, and the possibility of a filibuster proof majority in the Senate, the appointment of hard core anti- business Congressman Henry Waxman  to head the House Energy and...(Read Full Post)