Traders Bet on Romney Stocks as Cliff Hanger Election Nears

From CNBC: With the election a nail biter and the stock market stalled out, traders have been watching sectors that reflect the views of the presidential candidates for clues to Tuesday’s too-close-to-call election.   Stocks that would do well with Mitt Romney in the White House have been outperforming recently, but longer term they lag the sectors that would fare better if President Barack Obama wins re-election.

On Monday, there was selling in some sectors that could be especially hurt if President Barack Obama stays in office. That includes banks, presumably because he’s viewed as tougher on financial regulation, and dividend-paying REITs and utilities because he favors higher taxes…..

Read more at http://www.cnbc.com/id/49699381