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(V): It's pure economics, no-one has much confidence in the market at the mo.
Dont you think that a presidents economic policies have anything to do with the consumer confidence level?
I can agree that in general the markets act independent of any president, that the markets had gone too high and for too many wrong reasons, and it was due for a correction, and that correction had started before Bam got elected...
but, if a president starts implementing policies that are contrary to a healthy market, cant that have an effect as well? (speaking hypothetically of course)