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Post-election sell-off might precede “fiscal cliff” action

Wednesday, November 07, 2012 - 04:09

The sell-off in the U.S. equities market after the presidential election, coming a day after big gains, has investment strategists puzzled. But they say it could spur a call to action for Congress to deal with the “fiscal cliff” series of budget cuts and tax hikes due to take effect at the end of 2012 if a budget-cutting deal is not reached in Congress.

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Post-election sell-off might precede “fiscal cliff” action

Wednesday, November 07, 2012 - 04:09