Stock market is flat on light trading....

[scheming daemons]

All the money is sitting on the sidelines until after tomorrow night.


Watch for a flood of buying on Wednesday......


http://www.cnbc.com/

[Mike 03]

1. And the smart money is going to remain on the sidelines. NT

[W_HAMILTON]

2. One of those CNBC talking heads...

...said that the market had already "priced in Obama" winning, and that if McCain won, to expect a "big rally."

She also said that the market would be watching whether or not the Democrats could achieve a 60-seat filibuster-proof majority in the Senate, and that the market might be looking more towards the results of that than the presidential race. From the way she was talking, it seemed like she was implying that the market would drop if the Democrats get 60 seats.

Go figure.

[FrenchieCat]

3. CNBC are McCain fans.......

Most of them are so young, they don't have a clue as to what the economy was like before Bush.

[scheming daemons]

4. Bullshit..... Asian and European markets will jump on an Obama win... and NYSE will follow....

[gravity]

5. Who knows how the market is going to trade by the election

What is important in the long run is if the economy is strong and that the stocks themselves are reporting good earnings.

There are a lot of people in the market who fear socialism from Obama, and they might decide to get out at the bottom. It often happens when Democrats get elected, but then there is a strong bull market afterwards from the economy.

[GoesTo11]

6. I expect a big bump. Maybe not tomorrow. Here's why.

Some of the fall has been bad news being revealed. But a lot of it is just panic because no one is in charge and no one has been showing leadership to get us out of the mess. The world looks to the US for leadership and finds a lame duck. Once Obama restores confidence that someone knows what the hell they're doing and there's light at the end of the tunnel, the psychology will reverse and we'll see stocks go back up. Not all the way to what they were back when people thought mortgage backed securities were worth face value, but back up to something that reflects the future earning value of the companies.

But I expect this will happen sometime around April. Something will cause people to realize there's a plan.