November 6, 2012 Comments

In what seemed to be a surprise, U.S. markets were quite strong this U.S. election day. The Dow was up 1.0%.

The attention now will turn to what is next including the “fiscal cliff” of potential tax hikes and spending cuts at the end of December. Futures as of about 1 am eastern time show the markets down moderately. So perhaps out little election rally will be short lived indeed.

Melcor came out with earnings after the close today. The earnings were strong, particularly on a GAAP basis.