[BE911SC]

It's the end of an eight-year presidential cycle. The last two times that happened there was an economic downturn. Maybe nothing will happen but keep a close eye on the market. If it starts heading down in the next 30-60 days we may be seeing our third consecutive downturn at the end of an eight-year presidency.

Wall Street gets out first, slowly and quietly. Then the other players see the trend and the herd becomes nervous and starts looking around for an answer. Then the trend accelerates and the herd starts moving. Then the herd finally sees the threat and explodes in every direction in sheer panic. When the dust settles the top Wall Street firms are smiling like the Cheshire Cat while everyone else wonders what the hell just happened. Again.