[Vision2020] OUCH ! ! !

[Ron Force]

According to the AP:

In the U.S., stock futures were higher overnight, after Obama cruised to victory. They turned sharply lower after the European forecasts.

 
It wasn't the election of OUR socialist, it was the socialists across the pond. The European Commission predicted a GDP contraction this year, and flat business for next year. They've been practicing "austerity"-- cuts in government spending and tax increases that have driven the economies into the ditch. Much like the policies contained in the "fiscal cliff" coming up in the US.

Ron Force
Moscow Idaho USA


________________________________
 From: Tom Hansen <thansen at moscow.com>
To: Moscow Vision 2020 <vision2020 at moscow.com> 
Sent: Wednesday, November 7, 2012 8:59 AM
Subject: [Vision2020] OUCH ! ! !
 

A major, but temporary, setback.

A few days of a declining stock market is still FAR better than four years of "Mittens" Romney.

Courtesy of CNN Money at:

http://money.cnn.com/
 
-------------------------------------
Dow plunges below 13,000
A sell-off on Wall Street gained momentum today, with the Dow falling below 13,000 for the first time since September 4, as investors focused on how President Obama plans to avoid the fiscal cliff after his re-election.
Gloomy forecasts about Europe's economic growth and a slowdown in Germany added more pressure.
Wall Street had been overwhelmingly in favor of Mitt Romney, considering him the more business-friendly candidate.---------------



-------------------------------------

Seeya round town, Moscow, because . . .

"Moscow Cares"
http://www.MoscowCares.com

Tom Hansen
Moscow, Idaho

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