the title of the article alone is a pretty big "i told you so". they are cutting down their investments now before the tax rate doubles. (capital gains, the tax on investments, is going to go from 15% to over 30% if obama keeps his campaign promises)
NEW YORK – A case of postelection nerves sent Wall Street plunging Wednesday as investors absorbing a stream of bad economic news wondered how a Barack Obama presidency will help the country weather a possibly severe recession. Volatility returned to the market, with the Dow Jones industrials falling nearly 500 points and all the major indexes tumbling more than 5 percent.