Both a resumption of the euro crisis and the fiscal cliff loom, not to mention the assorted hints accumulating over the last couple months that the world economy is approaching stall speed.
The least likely outcome seems to be the one that markets would like the most- that either side comes out with control all houses including the white one.
One thing that I really think the broad market isn't going to like in the short term is a republican sweep. They say the economy needs some tough love and in the long run it can at least be debated that it is true. In the shorter term da boyz are going to get some serious shakes as the threat of taking away the meth is presented (and no, I don't think the Confidence Fairy sill make any more than a toekn appearance).
A Fed headed by John Taylor equals a sub 10,000 Dow, at least for a while.
Anyway, that is premature as the more likely outcome is a mixed result, which I don't think will give very clear signals at all.
