Like Harry Potter peering into the mirror of Erised, investors examining this wacky stock market can see exactly what they want to see. The fumbled election? Terrible news, say the grim. No clear winner; no telling what's in store. Wonderful news, say the glib. So much confusion means so much gridlock in Congress that we'll probably not get any dumb spending bills or tax cuts. Read: The surplus is safe.
It's important to look beyond the election, though, because its bizarreness is merely masking a market that is already more confused than a Palm Beach voter. Equally ambiguous are readings of...
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