Shortly before midnight on Tuesday, we all learned that Barack Obama had won a second term as President. Like so many elections in the past the news had an immediate effect on the nation.
On Wednesday, the Stock Market was so thrilled with facing another four years of Obamanomics that it fell 313 points. Wall Street is blaming the drop on the uncertainty of the Fiscal cliff standoff between President Obama and the Republicans. If nothing is resolved by Jan. 1 and the Bush era tax cuts are allowed to stop, the economy is expected to suffer, so some investors are already selling while the Stock Market is relatively high and before it plunges further down.
Read More at godfatherpolitics.com . By Giacomo.
Photo Credit: marcn (Creative Commons)
Please share this post with your friends and comment below. If you haven’t already, take a moment to sign up for our free newsletter above and friend us on Twitter and Facebook to get real time updates.