What Wall Street Wants Out of the Election

Within hours, the apparently unending stream of 2012 presidential campaign rhetoric will finally be at an end – probably. But even before the inauguration festivities mark the swearing in of the victorious candidate, politicians of both political persuasions, outgoing and incoming, will have to turn their attention to resolving the budget impasse and find a way to avoid the toxic combination of automatic tax increases and mandatory, across-the-board spending cuts scheduled to kick in on January 1, 2013.