With all 3, gold, oil and TSX down and considering its not drastic amounts... I think it's no so much that people think it won't pass but more that people have no idea whats going on and therefore are waiting before they buy. It doesnt seem to be a massive sell off and you'd think if it didnt pass and the market crashes that gold would go up and not down?
So i think the market is just confused and it's more a lack of buyers rather then a massive sell off.
But thats just a guess by a rookie investor so who knows.
Jeff