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Lower energy costs generally help some stocks.
And Exxon's fall can't be attributed to just the lower crude costs.
How about fear of what 0bama will do to the oil companies?
0bama's name isn't mentioned in this entire article at the pro-0bama Bloomberg.
And that is unrealistic.
Any other election in history the election of a new president has always been discussed in its relationship to stock market behavior just afterwards and when he takes office.