SEARCH BLOG: ECONOMY.
People vote their greed; the stock market votes its money. So far, the two seem to be quite separable. In the month prior to and after President Obama's re-election, the stock market [DJIA] has fallen about 1,000 points or more than 7.5%.
I'd venture that this was in anticipation of both Obama's re-election and the fiscal mess he has led us into over the past four years... coming to a head in the metaphorical "fiscal cliff." How far down will this market fall? Look for a temporary reprieve while the politicians sidestep the made issue of
debt and focus on the "newsworthy" fluff that pretends to be addressing the problem.
No politician wants to be responsible for closing the lid on
Obama's stash. Wouldn't be politically-correct.
Let's hear it for the 51%-ers.
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