This Economy Defies Cure -- No Matter Who Wins

The election of your lifetime.

That's what it's been called, and it's probably true in many policy areas. The two candidates differ on a host of issues, from international affairs to economic strategy to tax policy. Even on basic issues of applied science -- stem cell research (biology), global warming (chemistry), missile defense (physics) -- there are huge distinctions between the Republican and Democratic candidates.

When it comes to the capital markets, conventional wisdom assumes that the outcome of this election will matter a great deal. I disagree. ...