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[Chart courtesy of MarketWatch.com] Moving the markets The “buy everything” mantra continued today extending the election week rally on beliefs that the current dilemma might result in a divided government, with the powers of the president/congress being offset by the opposing party controlling the senate. The bullish reaction to the results so far “may have been due to the fact …

[Chart courtesy of MarketWatch.com] Moving the markets The future markets engaged in a wild roller coaster ride, as election odds shifted from one contender to the other and back. As expected, no winner was declared with skepticism over the outcome remaining, but there appeared to be no doubt that the Senate would remain in Republican hands, which crushed hopes for …

[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s rally continued based on hopes that a clear winner would emerge from today’s election and that a much-feared contested result could be avoided. MarketWatch saw it this way: The bounce back from the worst week since March is supported by bets former Vice President Joe Biden will beat incumbent President Donald Trump, …

[Chart courtesy of MarketWatch.com] Moving the markets Prophecies about which of the two Presidential contenders would give Wall Street more of what it needs to keep the bullish dream alive, namely continued reckless money creation, prompted ZH to post this succinct summary: After reading months of ridiculously goalseeked Wall Street commentary, where first a Trump victory was the best outcome …