Tuesday, November 04, 2008

Evening Election Update

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Some food for thought:

Not only is the Dow up nearly 300 points, but Pfizer and Merck are up strongly. Both stocks are supposed to suffer from Obamacare. Is the market rallying on the certainty of an Obama win or on hopes of a McCain upset? Me: I just don't see how the certainty of higher taxes, more regulation and more unionization helps stocks. Plus, stocks tend do poorly under unified government.

More from James here.

Fox called Vermont for Obama, Kentucky for McCain and all the others too close to call.

Megyn Kelly is excellent with election results.

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