SPLIT DECISION

SPLIT DECISION Thank goodness the elections are over! I believe that was the message from the 525-point surge in the Dow on the day after the election. I know I will be glad that all the negative campaign commercials will be absent from our televisions for the time being. GRIDLOCK IS OKAY Actually, our favorite analysts have more tangible explanations for the market’s enthusiasm for the election results. According to Federated Investor’s Linda Duessell, “markets tend to like gridlock and divided government for the increased certainty and fiscal continuity that it provides.” Investors do not like uncertainty, and this reduces the risk that there will be a major policy change that might produ

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