we were just talking to david stubbs here. he was underscoring how difficult it is to position yourself accurately for a binary event, the one we're facing now. what are the markets expecting in the next 28-48 hours? >> markets are expecting a hardship victory. going to end up at the white house with a democratic candidate in it. i think the more interesting race may be what happens with the senate. it looks like the house is probably going to remain with the republicans but the impact of a senate that goes the republicans' way as well could be something the markets have to price in over the next few days. keep an eye not just what's happening with the race for the white house but some of the other races going on here. the checks and balances story is going to be one of those significant ones that we're going to need to think about over the next few years. it may enup in a scenario where it is very difficult for hardship to enact much policy and as a result of which we end up in a situation where not much happens over the next