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TheStreet Open House

A Market Without Barack and Bernanke

NEW YORK ( TheStreet) -- Have you noticed a little bit of increased volatility in the market recently?

As a professional money manager who takes a position on the frontlines of the market every single day, I have noticed a sudden recalibration in many areas of market.

Does this sudden market rotation affect you, the individual investor?

Of course it does!

I am one of the few market commentators who has been predicting a Mitt Romney win for quite some time. The first debate all but sealed that. It does not matter who you want to win, your portfolio only cares about who will win.

What would a Romney win mean for the economy? What does this mean for the various asset classes? What does this mean for the various sectors of the market?

In addition to the almost certain possibility of a Romney win, maybe even more importantly, the market is all of a sudden looking at an economy without Federal Reserve Chairman Ben Bernanke. Yes, that is right -- without Bernanke.

I really don't see President Romney renewing Bernanke's term in January of 2014. In fact, I think it likely Bernanke steps down before his term ends if Romney does indeed win in just over two weeks.

If it were up to the market, the quantitative easing would go on ad infinitum. The market is drunk with money printing, and it really does not want to sober up. Getting sober could be painful for bond investors, gold investors and equity investors. A little bit of austerity may be in our future, but in the long run I think that is a good thing; $16 trillion in debt and rising is not a good thing.

Many sectors will suffer under a Romney administration, while others will benefit. I coined the term "Romnify" back on Aug. 30 -- if you don't believe it, just google the word. I wrote an article about Seadrill (SDRL), a stock that would be sitting in a sweet spot under a Romney administration.

Governor Romney has made it very clear that he will take advantage of the energy assets that we have right here in America. He will also take advantage of the numerous energy assets that our friends on the American continent possess. This would be bullish for U.S. energy exploration companies, energy service companies, and pipeline stocks.

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