Election Will Change Nothing

Election, Fed, and unemployment numbers on Friday will draw attention from all participants as to where the markets will land on Friday's close, especially as an indicator to market direction for balance of the year. While there may be some folks believing Tuesday's results will have some structural market significance, they will be disappointed and the market knows better. This bull phase is part of a uniquely bizarre economic re balancing process stemming from the great financial crisis. One thing for certain, the payments in bailouts, interventions, and other more exotic methodologies needed to pump the system will end up being paid for by leveraging against the financial interests of the middle. Despite claims by political factions to the contrary, this election will resolve nothing that has not already been decided because the biggest part of the economic pie will be left with bad real estate, no return on savings rate, and with an unfair save top and let the bottom rot re financing which cannot wait.