Romney Winners and Losers

 | Oct 04, 2012 | 7:41 AM EDT
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So what if Romney won? I tried to give a running commentary about which stocks would change, how the line would change, so to speak, if Romney were to win.

You'd get a nice boost in the American Electric Power (AEP)/Southern Company (SO) coal burners, maybe a bit of a bump in the CSX Corporation (CSX)/Norfolk Southern (NSC) coal luggers, and you would most certainly have to short Tesla Motors (TSLA) and lay out some First Solar (FSLR).

But I waffle on this. I waffle because even making the projections on these stocks requires a monster leap of faith, mainly that Romney is going to win, and I think the odds of that are so small that the exercise has a bit of a parlor game feel.

What should have made you sit up and take notice, however, was how Obama fell back on two tried and untrue themes when he got frustrated, none other than oil company breaks and private jets. Wow! That was shades of the January through March 2009 Obama, and you don't even want to look at the charts from that period lest you don't sleep tonight.

The stock market's done fabulously under Obama, and you can't say that it's despite him, because he could have really crushed the markets if he kept up with the bashing the banker gangsters, the private jet hooligans and the brigands in the oil patch.

To me, the most alarming note of the night was a return to those themes. We do that, we get a Democratic Congress, then everything's back on the table.

So, if you are a bull, you want Obama to read the papers, watch the news, realize he lost the debate and then drop the remnants of that era that somehow surfaced, as if by rote, in the same way that he can't stop confusing solar and wind as surface fuel replacements.

You want to set the market back? Bring back the Obama that attacks the corporate interests.

The saving grace? I don't think the voters want it anymore. It doesn't create jobs. It subtracts them.

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