Investors uncertain about the election

Saturday November 3, 2012

Associated Press

NEW YORK -- Any stock trader will tell you that if there’s one thing investors hate, it’s uncertainty.

Unfortunately, with President Barack Obama and Republican challenger Mitt Romney virtually tied in polls before the election Tuesday, uncertainty is one thing they are getting in spades.

"It’s crazy close," says Kim Forrest, a senior equity analyst and vice president at Fort Pitt Capital, a financial management company in Pittsburgh. "It’s so up in the air, it really could go either way. In the short term, the markets will be happy that it’s over."

If it’s over.

Wall Street could wake up on Wednesday without a winner. If the election comes down to a thin margin in a swing state -- Ohio, Iowa, New Hampshire, take your pick -- the outcome


If you'd like to leave a comment (or a tip or a question) about this story with the editors, please email us. We also welcome letters to the editor for publication; you can do that by filling out our letters form and submitting it to the newsroom.

Powered by Creative Circle Media Solutions