Quote of the day

While I’ve no doubt that the election is a factor for the market in the short run, I couldn’t have said the following (from Josh Brown) any better myself:

…. my guess at who is going to win does not extend to my investing, personally or professionally. As my team and I have documented relentlessly, making long-term investments based on who is going to be the President is on a par with sports betting or astrology. There are way too many additional variables that carry more weight for market outcomes than who wins the White House in any given election.

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