U.S. Futures Fall, Dollar Slips; Global Shares Gain After Obama Win
" World shares and gold rallied while the dollar fell and U.S. futures fell on Wednesday after President Barack Obama was re-elected for a second term, signaling no dramatic shift in U.S. economic policy."
Isn't this what the market wanted as it rose yesterday in anticipation of Obama victory? IMHO, was the victory ever in doubt with such a weak opponent?
This victory is a gift to the other party/s....there is nothing that can stop the deflationary debt deleveraging going on, it is not the 9th inning there, more like in the middle, most of the reductions in household debt have come from defaults on mortgages. A SPARK to set off a worse outcome would be...a RISE IN TAXATION, and a pronounced AUSTERITY move....not now...now is not the time for that. But with fiscal cliff talk...and now a TEFLON President with a mandate against "the rich" the JOB PRODUCERS....2013-2014 could turn mucho ugly, IMHO