The Debate

Consensus is that Governor Romney clocked the President last night.  We'll have to see what the polls show in the battleground states.  Here's what the New York Times thinks.  Here's the opinion of Dan Henninger over at Wall Street Journal.  The opinion makers over at the  Washington Post are all over the map but the census is that Governor Romney helped himself.  Finally since these are the President's hometown newspapers, here's the main editorials regarding the debate from the Chicago Tribune and the Chicago Sun Times.  The "Trib" scores it for Romney, Sun Times is more even in who won.

Regarding the markets, the consensus seems to be that an Obama victory is already priced into stocks and that the thoughts of a Romney win could bolster the market.  That may be the case.  I'll throw out something else.  Markets like certainty.  It is entirely possible if the election becomes more of a toss-up in the eyes of investors that stocks could experience a period of turbulence.  Don't know that will be the case but we have to be prepared for it.  

The worst case scenario in my opinion would be an undecided election that lingers like that in 2000.  Stocks would not like that one bit.