cabear

Post-Election Stock Massacre

This morning I heard Dodd threatening to "punish" banks if they don't start lending. With this kind of talk why wouldn't investors run for the exits.

And Obambi and his economic "dream team" have already made it clear that no bailout is too big - so the autos, airlines and newspapers can start lining-up. Expect trade protectionism just around the bend. Main Street thinks it's good for them.

So he's already off to a smashing start on the economic front and I guess the next 4 years will be a repeat of the last 8 after all.