Wednesday, November 07, 2012
US Stocks: Stocks Tumble 1% Amid 'Fiscal Cliff,' EU Fears.....
Stocks opened sharply lower Wednesday in the wake of President Barack Obama's re-election, triggered by worries over the looming "fiscal cliff" and as fears over Europe resurfaced.
“I don’t think there’s a long-term market reaction to the presidential election itself—it’s now how quickly we can focus on the ‘fiscal cliff’ and coming up with a resolution,” said Art Hogan, managing director of Lazard Capital Markets.
“I don’t think there’s a long-term market reaction to the presidential election itself—it’s now how quickly we can focus on the ‘fiscal cliff’ and coming up with a resolution,” said Art Hogan, managing director of Lazard Capital Markets.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment