"We see things as we are."

What will happen to the markets after the November election? Depending upon where a person stands on the political spectrum, the flavor of worry falls toward a clear “side.” We’ve become a nation that views issues in simple black and white terms. 

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Madeleine Budnick
An Epidemic of Certainty

Towards the end of every year Wall Street firms come out with forecasts, often calling them “long term capital market assumptions,” or LTCMA. The “long term” part might be their way of hedging bets while appearing authoritative.

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Madeleine Budnick