Source: CNBC
An election that was supposed to be about change actually could end up being an intensified dose of more of the same for investors.
In the aftermath of President Barack Obama's successful re-election bid Tuesday, market experts prepared for an accelerated push of easy Federal Reserve monetary policy.
That likely will clash against even more uncertainty in Washington as en election that produced little more than the status quo failed to resolve the burgeoning fiscal issues that threaten the U.S. economy. (Read More: Next Up for Markets? The Fiscal Cliff)
But while investors know what they have and may draw some relief, the morning-after stock market was expected to open lower as traders prepared for a second four years under the Democratic incumbent.
"Now, for a while, the curtain of confusion has been raised and parted," hedge fund manager Dennis Gartman wrote in his post-election analysis edition of The Gartman Letter. "That is a good thing for share prices, and if there can be even a modest turn toward some resolution in the spending/taxing front, share prices may rise even more smartly."
The stock market has climbed about 76 percent over the past four years. Commodities have soared even higher, with gold and silver up more than 100 percent, and even bonds have maintained their value as a safe-haven trade for investors too afraid of market volatility.
Read More...
Copyright © 2006-2012 BlackListedNews.com