When business owners realized that the Marxist was re-elected by the Takers, the Makers pulled in their chips.
The Q1 results come in in March. By then, the phony bullish numbers that Wall St. puts out every Jan. will show a bust, as they have the past three years.
Figures lie and liars figure: The motto of the Obama administration.
I certainly did. I might have gotten out a little early, but it's not always about perfect timing. :-)
Actually, BO's re-election had little to do with it. I've been reading article after article about how the market is going nowhere but up. "To the Moon! It's a Can't Lose Bet! S&P at all-time highs! WooHoo!!!!!"
Last time I saw this was '06-ish. Pulled lots of $$$ out then, too.