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To: WashingtonSource

Was Wall Street happy after he got re-elected? Elections have consequences.


7 posted on 12/28/2012 3:34:02 PM PST by Hotlanta Mike ("Governing a great nation is like cooking a small fish - too much handling will spoil it." Lao Tzu)
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To: Hotlanta Mike

No. Wall Street was not happy after the election. If you recall, the market plunged day after day after day but finally stabilized after it appeared that the GOP and Obama would work to avoid the fiscal cliff.

Now the markets (investors) are even unhappier. Such a sharp immediate negative reaction after Obama spoke may suggest that markets will really crash on Monday when there’s no deal. I hope people are all in cash or commodities.


8 posted on 12/28/2012 3:37:26 PM PST by WashingtonSource
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