The market has been rallying and is now up around 9,500. I expect it to climb to 10,500-11,000 before resuming it's decent. By early next year, I expect to be below 7,000.

The recent sell-off was overdone and was sparked primarily from one event (the failure of Lehman), but there is no reason to expect that things are going to be looking better anytime soon.

On the political front, Obama will win easily, but a bigger question is how many seats the Democrats will pick up in Congress. I'm going to guess 58 seats in the Senate, but 60 is the magic number to prevent a Republican filibuster.

The bond fund has kind of settled in around $5.07. I'm hoping for a rally so I can get out once and for all. An Obama presidency should be good for tax-frees! Likewise, I'm hoping for the current market rally to continue so I can get out of the few remaining stock positions I have.