Is the market worried about an Obama Victory???
I suspect the market is reacting negatively to an Obama victory! People are selling off their entire portfolio's in anticipation of a negative tax policy on investments!
Senator Obama's favoring a higher corporate tax, higher tax on dividends and a higher capital gains tax does not presage strong confidence from astute investors!
Foreign investors I suspect are pulling out of US stocks and doing at the speed of light! Hence one of these days we will see a 1,000 pt drop! Market panic will not abate until next year! Worse to come in my humble opinion!
Increasing taxes in a recession! My goodness! I wonder who Obama's economics teacher was in college!