I think the market is going up every day we get closer to November 2 and the polls continue to show the Democrats are going to lose.
With the Republican wave building, the market is expecting at least less insanity in the federal government.
If the Republicans take control of the House, I think we'll see a rally in the market. If they take control of the Senate as well, the rally will be huge.
The lame-duck session is still a wild-card, though. If the Democrats try to cram in a bunch of job-killing legislation and the Republicans aren't able to hold the line (because the Maine twin RINOs or even turncoat Murkowski switches sides), then it could get scary for a while.
The ousted RINOS will be a big problem. We really need a con-con of 34 states to put the Kibosh on them. Unless we eliminate the outrageous agencies and spending on them we are not going to make it. It is not worth saving. The federal government should no longer be allowed to borrow money or print it. We should declare a chapter 13 bankruptcy and then work to pay off the 200 trillion we owe over time with no additional spending allowed.