A day after President Barack Obama stormed past Republican challenger Mitt Romney, the stock market sent a clear message: There’s still a lot more to do than win a campaign.
Market experts said a confluence of factors are poised to make for a difficult environment that could last well into 2013, which traditionally would be a slow year outside of all the present headwinds.
Theories abounded on why the market tumbled. They ranged from worries over the “fiscal cliff” of tax increases and spending cuts, as well as troubles in Europe, a slowdown in the U.S. and questions over the efficiency and effects of Federal Reserve policy.
More broadly, the aggressive sell-off came as little surprise considering the array of challenges Obama faces in his second term and the record of infighting between the White House and Congress.
Read more from this story HERE.