Today (Tuesday) is the big day for candidates President Obama and Mitt Romney.
The two campaigns together have raised a record-breaking $2 billion, and it’s clear that this is going to be a tight race. Already, 30 million Americans have cast their votes, as 34 states in the Union have rolled out early voting opportunities. States like California and Maryland have already broken records for early voting. So it looks like we’re in good shape to have an even bigger turnout than the 2008 Presidential Election—which saw 130 million American votes.
While the polling times vary state-to-state, we’ll see polling wrap up around 8:00 P.M. PST for West Coast states (11:00 P.M. in the Capitol). And while we could get results tonight, with the election being as close as it is, we may have to wait until Wednesday morning.
And while there are a number of significant issues at stake this election season, the most important one for us as investors is which candidate has the best plan for the future of America over the next four years.
Don’t worry—I’m not going to tell you which candidate I think has the better plan. That’s for you to decide. Typically, the happy fellow wins, since folks tend to vote for the person that seems to be the most confident and excited about being President.
And as I mentioned recently, I also think that just having the election uncertainty over and done with could also cause the market to rally from its currently oversold position.
With this being a cliffhanger election, every vote counts. So whether you’re in a swing state or not, I hope you can make it out to the polls tomorrow. I’ll check back in as we get further updates on the election and what this means for the markets.