Stock Markets Are the Real Economy. Poll
Since late October, when it became clear to the market’s “inside money” — those who can count electorally — that President Obama would most likely get re-elected, the markets have been shedding points — about 600 off the Dow, to be precise.
Some of the sell-off is due to the amped-up coverage of the fiscal cliff, but the cliff was neither a secret nor a surprise. Everyone with a pulse knew that the powers that be in Washington did absolutely nothing but campaign since last year’s temporary extension to address the first debt bomb.
No, the sell-off isn’t due to Mitt Romney’s liquidating his rather large portfolio.