The events of the last few days have essentially eliminated the threat of the Big Buffoon of ever becoming the president. Mr Market had a mini-celebration rally on Monday, but the rally was muted because a Hillary win was already largely priced in.

I follow the VIX closely, and it no longer seems to respond to election events. Now it seems to be tracking Deutsche Bank (DB). DB's chart looks like the chart of a company in deep trouble. A sudden collapse will certainly spike volatility and cause a a general market drop. The question is - how much? A lot of market gurus are saying this will be worse than 2008. I think it would be a lot less, but not insignificant. Unfortunately, unlike the election, the timing is uncertain.