Futures are down as a continuation of the election sell off. Business, more regulations, Obamacare will cause companies to lay people off, unemployment is going higher, it only dropped below 8% because govt hires were up, deficit goes higher as Obama says it doesnt matter, and believes you can spend you way out of the countrys problems.
Long list of why the election sell off is continuing. Dems say a mandate to raise taxes on the rich .. but they are raising taxes on your dividends and capital gains.. and I know Im not rich. People are locking in gains. Cramer said "Id rather pay $1 now in taxes than $2 in taxes next year". Obama will cause food prices to continue to escalate and prices you pay at the pump from inflation as he prints more and more money.
Will politicians ever stop spending .. or will be become Greece?? Thats the big question I have?.. who will stop this? Politicians are afraid if they vote to stop the giving out of money/food stamps to twice as many as before he took office and other hand outs, they will be voted out of office. Its all about votes, not what is best for America. Anyone who thinks America is better off than when Obama first took office has rocks for brains.
There are lots of things America should be scared of right now.. and its still unknown if we will go off the cliff .. or push the rock down the road as they have been doing. Never face reality until we are Greece and its too late to stop
japan recession, spain and greece depression, china numbers are not trusted, germany retracting, fiscal cliff. take your pick. but dont worry, bull market is coming soon. Soon as hyper inflation kicks in around the world because of artificially lowered interest rate you will see 100% gains in S&P.