The Rally For Change

The S&P 500 is up about 3.5% as investors are looking forward to change. It doesn't seem to matter who wins the election as long as we get a new administration. Next on the agenda will be the excitement of the naming of the New Treasury Secretary and then the likelihood of another stimulus package. The markets may grasp onto these new events and propel the market higher as we proceed through the balance of 2008. Don't be fooled. It is still All About the Economy and investors will continue to evaluate the weakness in the job market, housing softness, the emerging commercial real estate problems, the strengthening dollar, the softening of the export market, and the weak financial institutions.