Of interest from a CNN money article.
"A recent Ned Davis Research study suggests the market could weaken between the elections and the end of the year, if the last 104 years are any guide.
That's because 2006 is a mid-term year for a second-term president. In such years, a change in one or both houses of Congress has usually coincided with the Dow gaining in the months leading up to the election, and then sputtering or sliding through the end of the year.
That's certainly been the case this year, with the major gauges rallying through a surprisingly strong third quarter and month of October. The Dow hit an all-time closing high of 12,163.66 late last month and is up 12 percent year-to-date. All of which makes the market ripe for some profit taking.
Plus, as the old Wall Street saw suggests, markets hate uncertainty and this election is dripping with it.
"The uncertainty around the election suggests that there will be a sharp reaction once we know which party controls the Congress," said William Bernhard, a political science professor at the University of Illinois, Urbana-Champaign."
Wish I would have thought about that a few weeks ago.
