Election Day

Good morning. As Americans head to the polls on this important election day, premarket futures are in positive territory.

Much like yesterday, the newswires are relatively quiet and focused more on the election than anything else. However, at least part of the positive bias we're seeing follows strength in overseas markets, some strong earnings from MasterCard and ADM, and news that Uncle Sam is considering purchasing stakes in more firms.

Premarket gainers: CIT, ESLR, STEM, AKRX, AMLN, AFN, OSIR, ADM, AEG, CROX, HIG, AIG, JASO, SOLF, CSIQ, FSLR, PHM, LMC, BKE, STEM, FRO, ARMH, ISIS, CSUN, GERN, SOL, BUCY, LDK, YGE, MA, APWR, & NOK.

Premarket losers: MHK, HLF, FCSX, NNBR, OTTR, RCRC, GHM, CKXE, RACK, RBS, TRID, NXG, MVL, AEE, NSANY, & PPO.

At the 10:AM the report on Factory Orders will come out and 45 minutes later Dallas Federal Reserve Bank President Richard Fisher is scheduled to speak about the economy in Texas.

For the most part, the market will take a back seat to the election. Conventional wisdom suggests that that no matter who wins tonight that an element of uncertainty is removed from the markets and that alone is a good thing. No doubt, Bush was an unpopular President and the mere fact that someone is going to replace him soon will help lift spirits of many even though the next President will certainly face a short honeymoon period given the current state of the economy.

Have a great day and be sure to go out and vote!