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Are the Rich Fleeing Equities for Tax-Free Havens in the New Age of Obama?
MINYANVILLE ORIGINAL The day after President Obama was re-elected back into the White House for a second term the stock market tanked with the Dow Jones Industrial Average (INDEXDJX:.DJI) sliding 3.36% its worst single-day performance of the year.   The index has recovered somewhat since then though it continues to hover around the 13 000 mark.   The reason for the post-election shareholder malaise seems obvious: With the looming fiscal cliff yet to be resolved investors are fearful of the prospect of higher taxes come 2013 and are unloading their stock holdings which as the New York Times notes ...
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