The markets until recently have been oblivious to the possibility of a Kerry win.

The markets would be perfectly happy with gridlock.

And forget about getting any new oil or natural gas out of Alaska.

The combination of fiscal and monetary stimulus right now is the largest I've seen in years. It's good for GDP. If the economy starts to hum, stocks should do well.

The economy is so strong, revenues are coming in at a rate that no one predicted. What it came down to was they had to decide how much more new spending they could add and how much more they could cut taxes.

The general tone of the rhetoric form Gore has been quite hostile.

You've got a recession in the auto and computer industries, you've got inventories piling up, you've got mediocre consumer spending, you've got a terrible stock market. I think the time to cut rates is now and I think they are in a good position to do it. If the Fed shows tomorrow that they realize this economy needs stimulus, I think it would be a wonderful gift for the stock market.

This idea that the Fed is close to done is very puzzling,

The key variable here is the consumer. As of now, consumer spending is way down so that may be the most critical thing they'll look at,

For the people who experience it, it's a tragedy, but for the country as a whole, we can absorb it.