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Election-time madness today, as market awaits results

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What will the market's reaction be to the mid-term elections that are hopefully flourishing all across the country today? Well, if the U.S. Congress is any measure -- and it is -- the possible change in leadership from the 'Pubs to the 'Crats could cause some market whining and could send a minor -- or major -- spook into the marketplace this week. And we all thought Halloween was over by now.

A Republican leadership is generally more business-friendly in terms of policymaking than a Democratically-controlled Congress, and that fear alone could cause a sell-off or other strange and potentially harsh effects tomorrow and the rest of the month once the results start pouring in tonight after the market closes.

I am a huge fan of regularly changing the majority party in control of the U.S. Congress since it keeps business leaders on their toes and thwarts complacency and glad-handing. "Stirring the pot" is healthy for the economy and business in general in the world's largest economy, and we may see that happen today if the Democrats seize control of the House of Representatives. The Senate also up for grabs; it would take six seats changing hands for the Democratic party to stake its claim there as well. If that happened, President Bush would be in a quagmire for the rest of his administration.

What's your take? Will the election results today keep the market's status quo intact -- and growing -- or will possible majority changes cause strife in the White House and the two houses of Congress? Story at about 11:00 -- or shortly thereafter.

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Symbol Lookup
IndexesChangePrice
DJIA+30.6910,464.40
NASDAQ+6.872,176.05
S&P 500+4.981,110.63

Last updated: November 25, 2009: 06:51 PM

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