Markets continue to show little faith in Obama

CNN:

Shares slid Wednesday on fears of recession but there were also signs that the international bailout of the financial sector was working.

After two days of soaring stocks, markets in Europe, Asia and the U.S. fell with New York's Dow Jones suffering its second worst daily points decline.

But that was the result of regular economic data rather than the extraordinary financial crisis.

The gains of Monday and Tuesday were sparked by Britain, Germany, France, and the U.S. announcing banking bailout plans totaling more than $3 trillion.

Amid Wednesday's market falls, there were signs that the bailout investments were working.

...

To be sure there are plenty of economic signs that the economy is troubled, but there is also abundant evidence that the markets don't think Obama has the answers. His poll positions showing him in the lead coincide with the current downturn in the markets. When you consider that markets look about six months ahead, this market cannot be blamed on President Bush.