(snip)"We've also got big trouble on the election front - we certainly will have a Democrat Congress, but it is looking increasingly like a Democrat in the White House is a lock, as all of the "hide the sausage" games are not only failing (and must, mathematically) but worse, have sucked retail investors back into the pool only to be devoured by the Sharks of Wall Street, and the blame for that, along with the mess in the first place, is, will and should fall on The Republican Party.
In short, The Republican Party is and has squandered its opportunity to force all the fraudsters out into the open and lock more than a few of them up, with Hanky Paulson being one of the worst offenders in the "look the other way on purpose" department.
A three-house Democrat sweep would mean a serious and immediate increase in taxes, especially capital gains and dividend tax. The bond and stock markets will both tank immediately if that becomes apparent, with the stock market being far worse because a revocation of the "better" treatment for capital gains and dividends will be front-run by people selling ahead of the end of year to take advantage of the breaks while they still exist. This also changes the "fair value" computations for the stock indices, and if people are consistent (who knows if they will be) would result in a roughly 15% immediate "discount" being applied to all of the American indices across the board.
And you though the bear market was over......"(snip)
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