Originally Posted by
johnso29
Actually the I read the decline in the market was more related to Europe announcing that it's economy in 2013 would grow by 0.1% instead of 1.0%.
Unfortunately you need a WSJ subscription to see this, but it essentially says that businesses had hoped for a relaxation of regulation post-election, and now that won't happen. But their biggest fears are the "fiscal cliff" on Jan. 1, 2013, especially since Congress is still divided, which leads to uncertainty that spooks the markets.
Wall Street Wallows in After-Election Gloom - WSJ.com