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Companies are sitting on an unprecedented shitload of cash. Many have probably been waiting for the political uncertainty to pass.
As an example, historically, the stock market does best under a split government such as it is now.
You will probably see a run up of stocks in the coming months. You will probably see companies being more confident making capital expenditures to increase productivity ahead of rehiring those they laid off in 2008-2009.
It will be a slow recovery, but it will happen. The real question is how each party will spin it for their 2012 campaigns.
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
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