Congratulations to the new very old Captain of the Titanic. When Obama took office his first term, he had nothing to lose. The economy was in shambles, the markets were down 60% and overall confidence was low. Today, four years later, he has nothing to gain. The market is at a multi-year high running on fumes and he has once again bullshitted his way to another election victory, by making hollow promises he has no ability to keep.
The markets celebrated today (below) by tanking unceremoniously, across the board and breaking down through the key trend line on heavy volume. Wall Street has figured out that taxes next year will be higher than they are this year, so they are taking profits ASAP. Last one out is a rotten egg.
Obama Only Won Because Romney Is Still Alive
Meanwhile, at this juncture, an election victory is nothing to brag about. It's only about being the least intolerable person in the race. Today it was just announced that two dead men were just elected to office, and they have been dead for quite some time. The defeated opponent said he lost because "you have to be careful what you say about a dead guy". Really? How about politely mentioning that he is unlikely to show up for work...ever. As always you can't make this shit up.
