Quote from Pa(b)st Prime:
Cutten here's where lesser minds don't get it: It's not the Obama effect it's the electorate effect. In other words from 2006 on it's been quite obvious to me that VOTERS around the world were turning to the Left. Very similar to the 1960's-late 1970's. Labor strikes, civil demonstrations, protests against privatization etc. That frustrated from the streets movement MADE WAY for Obama and his ilk.
If Global markets believed they had TRUE support from the governments of various developed nations-not bailouts but lower corporate taxes, lower capital gains taxes and less pressure from environmentalists, those markets in turn would have stabilized at more traditional -40% off the highs fractal support.
Wow - I need to add this to my analysis.
If longs were inclined to believe Obama's policies were a bull item then they WOULDN'T BE SELLING. You mention quite a few markets selling off with the U.S.-all true. But notice this-All of those countries are JUST LIKE AMERICA. Socialists in deed, bloated, indebted and overly managed. Contrarily China, Taiwan, India, Brazil, Argentina bourses in Jakarta and even troubled Mexico City are each well above their November lows. IMO the divergence is quite telling.
