Thursday, November 08, 2012

Financials

I notice that the Dow took another dump today, the second day in a row.  I wonder what caused that?  Oh, yeah, we had an election on Tuesday.  So, the stock market is re-aligning with reality.  Since the election, the Dow has dropped 313 points.

In boardrooms large and small, the directors of companies that drive our economy are making decisions about how to weather the coming storm.  Think retrenchment, think hunkering-down.
A majority of voters decided on Tuesday they do not perceive the coming debt crisis and our short and long term economic health to be as big a concern as whether gays can marry, whether abortion on demand is in jeopardy, whether condoms should be free (and whether male porn stars should be forced to wear them), and whether pot should be legalized. But business owners, being the successfully-demonized, greedy capitalists they are, their election season begins now.
We might be in for quite a ride.

No comments: