Obama’s re-election has been profitable for us in the trading room. Unfortunately, the market is suffering just like the nation, from the election. But you get the government you deserve. The market is taking into account that he has no record of actually being able to accomplish anything except fooling most of the people part of the time, long enough to get re-elected. Expecting him to be unable to do anything about the fiscal cliff, the repositioning overseas and into Treasuries has begun. The best we have to look forward to is listening to 4 years of what his legacy will be, and listening to that smug hack Biden position himself for 2016
Official photographic portrait of US President Barack Obama (born 4 August 1961; assumed office 20 January 2009) (Photo credit: Wikipedia)
the Obama effect: FUD
Related articles
