|BEARISH on US ECONOMY||N/A||_N/A|
Markets: Nothing is a given in this environment as to what the market will do after the election. If things weaken off here, what are they going to do? People are saying you have to fix the fiscal cliff. They have to balance the budget. But this is not the time. Romney would be better for the economy and the markets. It looks like Obama is ahead in the polls at this point. The G20 are going to send a message to the US regarding the fiscal cliff. They will say this is not the time and kick the can down the road but middle of next year the US debt will be downgraded and that will not be good for the markets.
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc. http://www.etfcm.com
I think Romney is actually bad for the market. His paltform is unreal and lack coherence. I can't understand why some people think that the republicans are good for the market. Just look at the Bush era, he left behind him a total mess for generations to come.
I also would like to hear more about how Romney would be a positive, as Republican presidents have generally been debt growers.
I think Romney would be have been good for Canada in the short term, but bad for the US. I like Obama, so I'm glad he got in. Makes the US seem less foreign :)
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