Originally Posted by DenverBrit
Wow, a 100 points? Not unusual at all. Does it really seem like a big drop when the market is seen as moderately overvalued and a pull back expected, especially with the 'fiscal cliff' on the near horizon??
The prospect of a repeat of the last 4 years of stubborn 'no taxes on the table' bs makes everyone nervous. Bi partisan agreement means exactly that. Congress, Obama, get to work!
Note to the Tea Party: It is impossible to just cut our way out of this recession, it will also take additional tax revenue, not more tax cuts for the wealthy.
Why is this fiscal fact of life so difficult for some to grasp?
Losing 400 points in 2 days actually pretty bad. Whatever though keep dreaming that you achieved enough power to get the tax raising just like you want it. Repubs are going to fight it. Obama has more to lose then them now. Obama being quiet because IMO he is going to cave on a bunch of what he wants to get a deal on sequestration. He doesnt have to worry about pissing off liberals, while repubs still have a lot to worry about and more reason to fight. IMO Obama instead of playing hardball, will come right and make a deal that isn't his tax raise on 250 grand and up.