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Traders Fear a Nasty Season For Stocks
The election season could give way to a nasty season for stocks if Washington doesn’t show a willingness to compromise on fiscal issues. That fear is one of the biggest immediate concerns for markets after Tuesday’s presidential election, which saw the re-election of President Barack Obama. Democrats retained control of the Senate, and Republicans kept their majority in the House, all a recipe for Congressional gridlock. Stocks sold off Wednesday for several reasons, but a main one cited by traders was the possibility that now the election has passed, Congress and the White House will not be able to compromise on ... (full story)
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