‘The Sugar High Will End’
” Investors cast their own vote on the presidential race Wednesday, and the result was a landslide rout that could have lasting repercussions beyond Tuesday’s results.
Market experts said a confluence of factors are poised to make for a difficult environment that could last well into 2013, which traditionally would be a slow year outside of all the present headwinds.A day after President Barack Obama stormed past Republican challenger Mitt Romney, thestock market sent a clear message: There’s still a lot more to do than win a campaign.
Theories abounded on why the market tumbled. They ranged from worries over the “fiscal cliff” of tax increases and spending cuts, as well as troubles in Europe, a slowdown in the U.S. and questions over the efficiency and effects of Federal Reserve policy. (Read More: For Investors, More Fed Easing, Cliff ‘Heart Attack’)”
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- President Barack Obama facing fiscal cliff as stock markets fall (telegraph.co.uk)
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