Complete Stock Idjit

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Bush is an idiot, and like all idiots before him, he'll leave a mess for his successor to clean up.

By the election we'll have a better glimpse of the mortgage market fall out, add that to the falling dollar, and the obscene expenses of the Iraq war, and his replacement will have her hands full with the economy, and the rest of the world.

I see a "backlash" effect from this administration - akin to the one that elected Jimmy Carter.

As regards the financial outcome and how it will play on my portfolio, I do not see myself changing strategy at all. My fund is based on scarcity, metals and oil are the core. I prefer the Canadian oil companies because our relationship with the Muslim community will take many decades to repair, and copper and gold will still be in great demand, despite the election and the eventual winner.

I don't have any stocks in the traditional military industrial complex, if I did I would sell them before the election. Instinct suggests that the next President will pull us out of Iraq as soon as it is feasible to do so. The DuPont's and Northrop Grumman's will be selling less bullets shortly, and that will be felt in the bottom line.

I'm not sophisticated enough to know whether we're headed for a recession, but I think the combination of spending largesse on these Brushfire wars, sub prime meltdown, and increased oil prices, will lend urgency to the domestic issues of the next administration.