Barry Ritholtz, Columnist

Election 'Uncertainty' Isn't Messing With Markets

The outcome of the presidential race is merely unknown. That's something entirely different.

No mystery here.

Photographer: Glen Burnie/Washington Post/getty images
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Every now and again, something is filled with so much wrong that it cries out for a response. Much of the time, we are obliged to let such errata pass unnoted, lest fisking what is wrong becomes a 'round-the-clock job. As the old saw goes, choosing your battles wisely is the way to exhibit wisdom and win the war.

Still, now and again, something demands a response -- in this case it's the reappearance of an old meme that refuse to die: "Uncertainty" as an explanation for some pattern of behavior, especially the reluctance of investors and businesses to make plans for the future.