Presidential Election: What May Change After Today

The election day is finally here and so is the end of all the political ads on TV, radio, and the Internet. Finally, it's back to the real life now as opposed to listening to each candidate's pipe dreams.

Today's election's outcome will be of significance for all of us for years to come, regardless of who will be elected. Of course, I don't see any immediate changes: government's budget for 2009 is already set and it will take time for any of the new President's policies to get enacted. Market, on the other hand, doesn't really care what changes will actually happen it just wants this uncertainty (Presidential election) to be done with so that all the market strategists can start adjusting their models, etc.

Again, no matter who gets elected, the market will treat end of the election as a positive sign even if we'll see some overreactions (up or down) within the next few days or even weeks. So, I would buckle up and get ready for the late-year rally.

Additional Resources:

• US election to benefit some industries, harm others
• Votes Are as Important as Investments
• It's too late to bet on the election