Senator Barack Obama is now the President-Elect of the USA and one day later, the markets are down over 3%.  Is this typical?

Since Reagan's reelection in 1984 (the first time the markets were open on election day), the Dow has been down 4 out of six times on the day after election day, not counting today.  3 of the 4 times were when the oval office switched parties.  The 4th was upon Reagan's reelection.  The most it was down was .9% after Clinton beat Bush I.

Since 1900, the Dow has been down 52% of the time the day after election day.  The worst was down 4.5% the day after FDR was elected in 1932.  The Dow had been up 4.96% the day before election day that year.