The Election, the Markets, and Your Money 2
The race for the White House is nearing the finish line, and tonight we’ll get a chance to see the final tête-à-tête between Democratic Party presidential nominee Barack Obama and Republican nominee John McCain.
The latest numbers from the Reuters/C-SPAN/Zogby daily tracking telephone poll shows the race is getting closer and closer by the day. As of Tuesday, the poll’s three-day rolling average showed Obama leading McCain by a 48.2% to 44.4% margin, an advantage of 3.8 percentage points. This comes after Obama led by a margin of 6.2 percentage points the day before.
What the polls tell me is that neither of these candidates has a chokehold on victory, and that means a lot more uncertainty during the next three weeks in the markets. Wall Street hates uncertainty, and with all of the uncertainty surrounding the bailout, new banking regulations, new financing models and new lending parameters — and now the uncertainty of who will be elected the next leader of the free world — it’s no wonder we’re destined for more market undulation.
I can’t remember a time in my life when financial markets and a presidential election overlapped so acutely. With the equity and credit markets in chaos, and with no real solutions to the madness yet in sight, you have every reason to be extremely worried about the election, the markets and your money.
If you want to lift that burden of worry from your shoulders, and if you want to be prepared for whatever the Washington elite — and the American electorate — throw your way, then I have just what you need.
I recently presented a seminar along with Fairway Capital President Kevin Yurkus aptly titled, “The Election, The Markets, and Your Money.” Now you can listen to this seminar, and you can download a seminar workbook and PowerPoint presentations by clicking on the link here
The risks and opportunities heading into this voting season have made this the most important election in recent memory. That is why Kevin and I are so concerned about the future of the credit markets, taxes, the stock market, and your investments.
I encourage you to take a listen to this most-interesting seminar. I guarantee it will be worth your valuable time.
Jim Woods is a 30-plus-year veteran of the markets with varied experience as a broker, hedge fund trader, financial writer, author and newsletter editor.
His books include co-authoring, “Billion Dollar Green: Profit from the Eco Revolution,” and “The Wealth Shield: How to Invest and Protect Your Money from Another Stock Market Crash, Financial Crisis or Global Economic Collapse.” He’s also ghostwritten many books and articles, as well as edited content for some of the investment industry’s biggest luminaries. Read more about Jim Woods.
