The election has absolutely nothing to do with this. This has everything to do with horrible quarterly earnings reports, US imports collapsing, foreign exports have greatly diminished markets, and a seized up credit market. This has nothing to do with who will or will not give or take from someone a few extra dollars in a tax cut or increase.
OPEC cuts production 1.5 million barrels/day and the price of oil is still crashing. It doesn’t matter who wins the election. Right now who will be the next president of the US is the farthest thing from their minds now. They are more worried about survival.
I am talking about all those people sitting there waiting until they think the bottom has finally been reached to jump in.
I doubt anyone will consider anything until after the election is over because they think there will be a swing down if the perception of some will be to sell if either one or the other wins.