Dow is down over 300 Points

Questions about tax hikes at the end of the year and cuts in government spending leave a lot of uncertainty in the market

Meh. It's a 2% sell off for a major event finally happening. "buy on rumor, sell on news". That is all that is occuring. I'll take a friendly wager that it is back to Tuesday's close in less than 30 days.

Anybody surprised by this wasn't paying attention. The markets MIGHT come back up once BHO resumes the overtime operations of the government printing presses, but once he shows his true colors with an all-out war on the energy and petrochemical sector and anyone else producing a product, we are in for a really bad time of it.

(Disclaimer-by "we" I mean people that actually work for a living and not on the government dole)

I don't think it was the election as much as EUR/USD. Market started tanking about the time Draghi Spoke this morning and the Euro fell.

Could be some cap gains selling although we did ours months ago.

doesn't say too much about the efficient market theory.