Barry Ritholtz of FusionIQ and The Big Picture blog says investors shouldn’t worry about the stock market’s big decline on the day after Election Day. “The day-to-day action is noise,” Ritholtz tells Bloomberg, adding that he thinks the tumble was a Wall Street “hissy-fit” about President Obama’s re-election. Ritholtz also says he’s more concerned with an “earnings cliff” than a “fiscal cliff”. And he says that people have become too concerned with preventing a new recession. It’s “not the worst thing in the world if we have a normal cyclical recession — they happen on a regular basis,” he says. Trying to avoid these natural parts of the economic cycle has led to very bad longer-term policy decisions, he contends.