This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

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.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $110.37 -1.75%
FB $88.15 -1.94%
GOOG $606.25 -1.32%
TSLA $245.57 -0.86%
YHOO $32.54 2.42%

Markets

Chart of I:DJI
DOW 16,374.76 +23.38 0.14%
S&P 500 1,951.13 +2.27 0.12%
NASDAQ 4,733.4970 -16.4820 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs