In my opinion, this signals that the investing/entrepreneurial class expects the growing deficit (and the $14 trillion debt) to be addressed with tax hikes.
But watch for the hidden revenue raisers / tax hikes in disguise, in the form of regulatory fees. And never mind the non-monetary costs of regulatory compliance and the specter of criminal prosecution (replacing what used to be civil or administrative enforcement) for the inadvertent violation of federal agency regulations.
One wonders if we are in for a repeat of the second half of 2008, when stocks plunged 40%.
Eric Dixon LLC
World-Class Strategic Analysis