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It's tough to find any market pros to go on the record, says a fired-up Gary Kaminsky, but what they're telling clients is the election was
bad news for stocks
. The bull market from the 2009 lows was about stocks priced for Armageddon meeting massive central bank stimulus, he says, but that dynamic is played out, leaving the markets to deal with the reality of a weak economy and questionable leadership in D.C.
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It is staggering how many of these commenters simply do not understand that it is not a problem of not enough revenue… it is a problem of way, way, way to much spending! And the curve is going vertical! We can not return this country to prosperity by increasing revenue because the pols will spend every dime they can squeeze out of the top 50%ers and still barrow 40-50% more to buy votes. It's going to take a civil war to change this trajectory… bring guns.
Nov 15, 2012. 11:27 PM
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