Smile, tomorrow will be worse!
Unfortunately that could be the case.
Markets tend to change not on what they know NOW, but what they predict for the future.
So is the market giving us an indicator of where investors think we are going?
Although the author doesn't give any financial kudos to McCain either, he sees Obama's tax plan as the worst possible thing to do in a bad economy. We'll see.
And, as it looks increasingly likely that Obama will be that man, the
markets are casting a vote of "no confidence."
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