Across the land, an atmosphere of hope and optimism prevails. The Bush regime has gone. A new president is in the White House.
While America had its eyes riveted on the live TV broadcast of Barack Obama's presidential inauguration, financial markets were sliding. A major "market correction" had occurred. Removed from the public eye, virtually unnoticed, a new stage of the financial crisis has unfolded.
Immediately following the inauguration, the Dow Jones plummeted, largely affecting the share prices of major financial institutions.