One of the Guys in the Blue Suit

Financial item, found on Drudge:

NEW YORK (CBS.MW) – U.S. stocks gained ground Monday as oil fell below $50 a barrel, in a market which remains unsettled by a Presidential election race which is too close to call.


Well – no, not at all. When oil drops and stocks rise the day before an election, it’s a safe bet the markets “know” there’s going to be a clear winner. Markets hate uncertainty, which is why stocks are usually flat in an election year.

Seeing them rise today might be telling us that somebody has a lock on the White House. What they don’t tell us is: Who?


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