MARKETS AND ELECTIONS

By Gary Kaltbaum-The day after the election!    
-Well, the world has not ended…yet. In spite of the president pulling a Krugman to say your 401Ks are going to be slammed because of an election, so far…nothing doing. In fact, markets are set to open up quite nicely. Of course, we know that could change but we like to deal with the evidence at hand. Of course, if any of these big gaps get reversed, it could be the end of any rally. To repeat again, we told you last Wednesday morning that we thought A LOW had been put in for now. Since, a quiet move higher continued and now we get another strong gap to the upside,akin to what we saw last Wednesday.  Maybe the move back up gets not so quiet. Let’s just say if today holds, we can say A LOW is looking like A DAMN GOD LOW. Whether it is THE LOW is another story but the farther you get away, the better.-
-A few of our early thoughts on the election:-
-The pollsters for my state of Florida…suck! Seriously…6 points up, 7 points up…we saw one over 10 points up. Who were they polling? Gillum and Nelson’s family over and over. In our opinion, my state dodged one as Gillum is left of left. Not only was he looking to raise corporate taxes but would have gone for the income tax. Whew! As far as Nelson…not kidding when we say we don’t think we had even seen him in months leading up to the election.-
-Don’t want to ever hear any New Jersey voter for Menendez ever complain to anyone about someone else’s sleaze and ethics.-
-Don’t want to hear either from voters who voted for the two Reps that were elected while indicted. Yes, we know… innocent before guilty but sorry, these people are not running to be dog catcher.-
-A passed away brothel owner from Nevada won whatever he was running for.Yup! Voters!-
-Start counting. Start counting how many times we will be hearing the word “subpoena” over the next two years.-
-Start counting. Start counting the days until Hillary announces she must run again because Trump must go. She will run. She believes it is her destiny.- 
-We are now getting some yapping from both sides’ leadership that they will come together. Sure! Right! Who they trying to kid? The 2020 elections start today.- 
-Former Navy Seal Dan Crenshaw won his race. Memo to Pete Davidson and SNL…GO SCREW! Where is NBC and where is Lorne Michaels? It wasn’t cutesy. It wasn’t nuanced. It wasn’t funny. Do better!-
-Celebrities? Even Oprah lost. Even Oprah. We love Oprah! Do these candidates ever learn a lesson? How did that Taylor Swift do in Tennessee? How did Beto do thanking Beyonce in a tweet? Memo to candidates…hardly anyone gives a crap what these people think.-   
-We love stories of persistence. We love stories of those that are down and out and never give up. Politically, we are no fans of Nancy Pelosi but we must and you should also give her kudos. More than likely, against not only odds from the other party but from her own party, this women looks like she will be again Speaker of the House again.-
-Lastly, no matter who won or lost…approximately $3 billion will be added to our debt today and every day going forward. Nothing has changed.-
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