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Gasparino on Stocks Pointing to a Romney Victory

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    FBN's Charlie Gasparino on what the markets are saying about the election.

  • Duration 6:07
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During times a Wall Street CEOs are though telling our Charlie gas they -- that President Obama will win re election.

But some stock trading just hours before the actual vote begins saying something differently.

Charlie has the latest on the markets conflicting signals he got this info before the markets -- What happened -- -- had already nominated to the casino.

Atmosphere here and edited it's fun -- you know you do have to think about this if you -- portfolio you know we did -- Romney portfolio we did it.

Obama portfolio couple weeks ago and -- And you know what hits the fan portfolio -- Got a fiscal cliff -- -- -- -- that later on again rules because that could happen tomorrow but what we're going to hit the fan but it we have a fiscal things we do we have we have an Obama presidency.

We have Republicans in congress and we have -- and we have -- a stalemate on and on a budget deal.

But here's what the market saying -- now I I think we're in order for Mitt Romney to win like.

-- -- I think I'm not listen I I'm not Nostradamus but I will tell you if I look at polling trends polling trends clearly suggest the President Obama is gonna win reelection.

And likely would it fairly sick easily in the Electoral College that's what the polling trends and a less.

We are not seeing that -- -- OK but these -- caveat that's what I believe that said.

If you look at some trading in stocks today they -- clearly pointing to a Romney victory in some of these stocks include.

Whole stocks financials.

Defense contractors.

Previous pretty interest in moving up now that's interesting why coal stocks who -- look like that.

Is beyond -- we should point out that financials have moved up significantly.

Since the first debate -- financials in interest -- take Citigroup at a good news Sanders just over at Citigroup demos diluted stock in the world but there are up.

Is well -- Citigroup's a marginally today why they up.

Obviously because -- Romney presidency you would get rid of some of the real nasty stuff on Dodd-Frank -- -- industrials up well you know industrials are up today why that why is that.

Well it's because you have defense contractors and there.

So if you look at some of these things.

It's pretty interest in it looks like the are people making bets in the market traders -- that that Romney's -- went even though.

If you look at -- in trade you know that trading mechanism that people pick the president -- presence eats its heavily weighted Obama.

Even though when you don't get every Wall Street CEO they are -- they don't we essential to everybody -- -- a lot of them.

And people up there close -- they say everything they're hearing is you know electoral win.

How we should point out what in the interest in things and I did this is this is kind of -- my another caveat here.

David Axelrod has been reaching out to to some people that are associated with the with these Wall Street guys.

And he's been out there predicting a very easy win for Obama now of course he -- now yeah okay right you don't see you know -- when you have -- in the big you don't generally do that.

You know it's just I'm just wondering if this is a ploy you know what do -- know I'm just saying that when -- that overconfident.

Members what they said about the stimulus package but it would it do need that overconfident.

You know there's just the I I I take -- as a sign of weakness the other thing that you point out that goat goes contrary to what I just so you -- stocks and gold is up today.

That should mean that you point to an Obama victory is well because why.

Keep Ben Bernanke in -- keep the Fed interest rate policy keep printing money that's generally good for gold -- so that's we are right on the market you know.

Say what you -- about -- trades -- that you wanted to my little survey.

But it's gone down.

A little bit it's 31 bucks the ounce -- -- as a significant movement it's it's it's a move that's a good point on the bread and and but that's what that is that's what that is all about.

It's conflicting its conflicting signals.

Even despite would inch in trade says what with the -- -- tally so.

I don't historically have we ever CME when you talk about having to have a broader portfolio and Obama -- -- isn't that just more feel gunfire we're looking at a -- changed you know it's -- -- just what -- you our government's -- -- -- such a wide -- that is a great point because and here's -- Because I don't think we've had a president and President Obama that's radically changed the economy is is much is an I mean listen.

I have friends liberals of tell -- the markets up thirteen thousand you know -- do that.

I mean if you look at what he wants to do what he was prevented from doing from a Republican congress.

It's pretty radical what he did do he socialize.

A big chunk of the economy terms of obamacare.

He's if he wants cap and trade I don't think you'll ever get -- that some sort of rationing system.

For before for energy -- -- easy to get that but he would he wants to do is very radical and if he can get.

It's if -- if the Republicans lose seats in the senate.

It was a possibility they could gain -- -- -- -- sent to.

You know this guy couldn't couldn't do stuff.

That's.

And that would take -- -- that's arguably more important isn't it how congress -- -- it could be that's why a lot of problems want to be when Romney look what is going to want to go to right you know -- -- -- but I think it.

You know even have to have a a Bob Dole portfolio and a Bill Clinton portfolio.

Or even a George Bush portfolio Iran and it and Al Gore portfolio org -- -- -- just they were different.

-- what was liberals conserve what they were in that moderate range this guy.

Sign of the times Charlie -- so maybe tomorrow we have a definitive answer reached its definite portfolios policy yes that -- that's.

But you're here you so you're recommending stories.

I yeah we know let -- -- I don't know why and being my Sicilian skeptic I do not think we have to know.

-- wire act -- -- -- gonna get I could just going to be says I think it's gonna be eat it's going to be early.

The current and I might I -- -- get his I have a gun to my head.

Okay.

Obama's veto -- if I don't have a gun to my head -- Back then that I you know I just I wouldn't bet but -- -- you tell me I have to bet.

He got a big big trend is going that way now maybe I'm missing the train I don't know we Romney's my friend is on the Romney campaign these kind of -- up there.

These tell me -- evangelicals are gonna come out that they -- vote indeed the -- -- -- be low for the dams and the skies -- very senior -- give -- all the reasons why you know if you support -- Mitt Romney you've you have reason to this year.

-- to be -- solutions and will announce my house.

We will hopefully know tonight as talents.

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