Ok, Obama election back-patting time over. The stock market forces us to get back to the crappy economy. After yesterday’s rally, each of the major markets are down over 5%, with losses particularly heavy on the NASDAQ. Obama’s detractors will say “see, here’s what you get for electing a socialist,” but it’s not like yesterday’s outcome was much in doubt. Obama supporters have yet to prove that the econom will reap a good vibes dividend.
Got any theories beyond an imbalance of selling and buying pressure? Have at it in the comments.
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