Stock Market Loses $3 Trillion in 3 Days

Continuing with the pattern set the day after the election of Barack Obama, the stock market has lost a staggering 3 trillion dollars in just 3 days.

The market is already in the worst post-election plunge in U.S. history, but the losses over the past 3 days make other post-election losses pale in comparison.

True, other forces are at work in bringing about the market's woes.

But the election of a new President is also a leading indicator of whether or not Wall Street views the policy proposals of that new President to be financially sound for the economy.

The American people protested loudly and clearly concerning the bailout passed by Congress. And now we have an incoming President who not only embraced that bailout but is proposing even more.

And, as reported today by Forbes, the current price-tag of the bailout, all at taxpayer expense, stands at $5 trillion dollars and counting.

As reported earlier, most of the leading economists in the U.S. believe that the bailout of Wall Street and other large corporations is a terrible idea. Perhaps most investors deep in their heart of hearts believe the same thing.