Pre-Election Rally: Market Pros Sound Off

Tuesday, 4 Nov 2008 | 6:51 PM ET

As unprecedented numbers of voters cast their ballots on Tuesday, the markets also priced in a candidate, market pros told CNBC.

Today's Rally for Real?
Debating whether the stock market rally over the last few days is for real or an election illusion, with Dennis Gartman, The Gartman Letter; Jim Dunigam, PNC Wealth Management CIO; CNBC's Bob Pisani, Scott Cohn, Erin Burnett, Mark Haines & Larry Kudlow.

Relief on Wall Street

"The market was certain that Obama is going to win, whether that's good, bad or indifferent. High taxes is not necessarily the best thing of all for a stock market, but the fact that it's over, everybody felt relief."

Dennis Gartman, "The Gartman Letter"

Markets & the Election
A look at today's election and what it will mean for the markets, with John P. Calamos, of Calamos Investments; Charlie Smith, of Fort Pitt Capital; George Ball, Sanders Morris Harris Group; and the CNBC news team

Market’s Nausea Eases

“The market had factored in a recession, the near seizure of the financial markets of an election probably won by Mr. Obama. At some point, almost like a teenager who had too much too drink, the different waves of nausea had gone through the market and after a while quiet sets in and some … fundamentals begin to become very apparent and opportunistic investors begin to come off the sidelines.”

George Ball, Sanders Morris Harris Group

Markets & Election
Discussing the market rally and whether it will continue after the election, with Paul Schatz, Heritage Capital; Jason Votruba, Scout Investment Advisors and Greg Valliere, Stanford Financial Group

Pricing In A Candidate

“If the democrats get 60 seats in the Senate, the market's not going to be happy tomorrow.”

Paul Schatz, Heritage Capital

Market Volatility & the Election
Whether the wild market swings will lessen once a new president is elected, with Jeffrey Born, Northeastern University's Business School finance professor

Market's Reversal

“The market actually performs better under Democratic administrations than under Republican administrations, so you would think that might lead to the market getting excited when a Democratic candidate jumps into the lead, but that’s not what has happened in the past.”

Jeffrey Born, Northeastern University Professor of Finance

For more insight on the election and markets:


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