The effect on the City of the election is said to be crucial. Well here is some news, the FTSE is going to fall at least 100 points tomorrow, a big dip.
Why? Well thanks to the Greek crisis the world markets are starting to resemble the markets of 2008 in their panic. The Dow was down over 1000 points at one this afternoon. It closed 347 lower.
The big noise was in Proctor and Gamble, the consumer products group. It fell 37%! This is very strange, already the NY Times is reporting there may have been a malfunction in an Exchange Traded Fund on the Nasdaq which has caused panic.
On a personal note this shows the danger of stop losses. Bad things happen, markets fall, then you get stopped out. If it all turns out OK the next day, you are stuck with your loss.