Of Course The Stock Market Tanked - Page 2
Economic instability will once again encourage consumers to leave their wallets in their pockets. We have reentered that circular process where each bit of bad news creates more fear and that fear decreases the likelihood that people will do exactly what is necessary....buy stuff.
It seems that business has overplayed its hand with the Tea Party. The Tea Party has actually done one heck of a job in implementing their policy objectives. They have stopped any additional revenues through tax increases and they are beginning to cut to the bone programs which benefit the economy.
The current political environment is toxic to any idea which promotes job growth through government stimulus. There is little chance of a jobs bill. Little chance of an infrastructure spending bill.
The question investors are asking is "what the hell are we going to do now?"
The answer they came up with....sell, sell, sell.