Just think how many more jobs there would be if the Federal Government didn't take TRILLIONS out of the market every year just to buy Democrat votes. After all, Leftists control all of the central governments and central banks of the world, and they are not getting it done.
After close, shorts will likely make some easy money...watch for selling to accelerate into the close...
...as its management team had hoped during last quarter's call. The Fed is the only game in town right now - maybe INTC can sell some 0% bonds to the crony Fed. The Democrat's Emperor-in-Chief has no clothes...
That is, if you still expecting "hope and change" to be a good thing.
Does anyone expect Obama to suddenly adopt free market principles and do the right thing? No, he is too stubborn and he is too ideological.
If you voted for Romney, I empathize with you. If you voted for the Clueless-in-Chief, then I say "elections have consequences" and this is just the beginning. "The rich" are short the market right now taking money from "the clueless" who are long thanks to their adoring worship of Obama.
How can anyone believe that things will get better? Obama and the Democrats are out-of-control and there are no more checks to their POWER. (Unless Obama voters decide to start calling their reps in massive numbers and asking for some fiscal sanity...ha...won't happen.)
Do you realize that every two weeks Obama BORROWS approximately the equivalent amount EQUAL TO Intel Corp's ENTIRE ANNUAL REVENUE? (around $50 BILLION)
...a huge tax hike that has NO CHANCE of being rescinded. The ignorant Leftists have won. There is no bottom because the Government needs ALL OF THE MONEY to pay for Obama's reckless promises.
...apparently, a majority of our citizens believe in "free stuff". They have derided fiscal conservatives for decades...now comes their "reward"...