I’m watching the elections today very closely, even though I’m not a US citizen, but what will happen today will have a considerable effect on my investments. Personally, it is in the interest of probably anyone who is bullish on the market, especially financials, that the republicans win. Why is that?

Most of the financial companies, including Bank of America, Citigroup, JP Morgan, and the likes are currently being tackled by the current administration on the sub-mortgage crisis, and asked every day from more concessions, penalties, and not to mention of course, the newly imposed restrictions. This is having a huge weight on the stock market and is dragging all the financial stocks down, especially BAC. A republican win may block new measures and reverse previous measures that Wall Street think was not fair.

We haven’t even mentioned BP yet…

Let’s see…