Now with Obama’s re-election, his ownership of economic circumstances will be hard to escape. The slide in stocks that started as soon as the ballot counting was over, forecasts the lack of confidence that the fiscal cliff will be resolved sufficiently to foster conditions to grow the economy.
Yet, under a fundamental standard, the lack of favorable circumstances does not mean that stocks will simple lose value. Volatility in pricing, often with no distinct connection to price performance, is the norm. The perfect storm for speculative betting seems the more probable course for the markets in the coming years.
Source: The New Media Journal
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