what does stock buyback mean
First, about those polls leading up to the presidential contest.
How come they were so wrong? How come the candidates were inches apart right up to the finish line, and then it's like a "tortoise and the hare" kind of ending?
Did Romney even finish? Is he finished? Is the Republican Party finished?
Maybe the problem is the questions they ask, the pollsters, that is, or the way they ask them. Maybe they ask questions like a lawyer leading a witness would.
You have to wonder who pays for those polls, too. Survey says: the Super PACs - or is that the stupid hacks? Don't you wish they'd post the questions they asked along with the "Survey Says" results?
And, how stupid are the markets, make that investors, you know who you are. The day of the election, the market was anticipating a Romney victory, after all the polls said it was more than possible, so we got a smart little rally.
Then reality set in. Four more years. And you think it's going to get better?
Here's something else to chew on. If you think the Republicans are going to roll over and play dead, now that they are dead, think again.
The only way to fight back when you're dead is to kill the other guy, so you're both dead. Then, of course, you say, I was dead first, I couldn't have killed the economy, I couldn't have driven us over the fiscal cliff, they did it!
It looks like the market is saying, OMG (that's Oh My God, for you non-texters), we're going over the cliff and there's no stopping us.
Trust me on this one, that cliff everyone's been talking about - it ain't the only cliff.