Art Cashin Warns: "Pray It's Not Close - For The Country's Sake"

Tyler Durden's picture




 

We have discussed in detail the potential ramifications of a 'close' vote (here, here, and here), and only yesterday UBS Art Cashin opined on the potential for an 'embarrassing victory'. Today, the wizened market participant turns the rhetoric dial to 11 (and rightly so) as he warns "pray it's not close" for fear of the polarization of the populace that could occur.

Via Art Cashin of UBS:

Pray That It's Not Close – We have written several times of our concern that a close race could further divide an already polarized populace. Already the legal eagles for both sides are deploying. Here's a bit from USA Today:

In an election this close, expected to be decided by razor-thin margins in key states, both campaigns face a series of Election Day worries that have already begun to bubble to the surface.

 

Ranging from long lines at polling places to disputes over voter identification, today's vote is already being disputed in some locations.

 

Both campaigns have assembled legal teams to leap into action at any hint of voting irregularities, like voting machine malfunctions, allegations of voter intimidation and challenges to the legitimacy of absentee and "provisional" votes.

 

On Sunday, a Florida judge extended early-voting hours in Orange County — a key swing region of a prized battleground state — after Democrats sued to provide more time for long lines of people trying to cast votes.

 

New York and New Jersey were still scrambling to resolve voting problems created by Hurricane Sandy. New Jersey said it would expand online voting for those whose polling places have been disrupted, a move New York election officials rejected. New York has also had to relocate polling places, which could create voting challenges.

 

Ohio, Pennsylvania and Florida — all critical swing states for the presidential election — have faced pitched battles throughout the summer over voter-identification laws. As late as last week, Ohio election officials were issuing new rules for what ID is required and how the voter's identification should be certified.

Ohio may have some extra challenges. Here's a piece from Keene Little at Option Investor:

This year Ohio sent absentee-ballot applications to about 95% of its citizens rather than require people to request one. Anyone who returned the application was then sent an absentee ballot, which then requires them to vote by the absentee ballot and not at a polling station. If they do try to vote at a polling station they'll cast a provisional ballot which must then be held under lock and key for 10 days while the state waits to see if an absentee ballot had been received. At the moment some are guessing that there could be 250K or more provisional ballots as a result of this. That large of a number could easily cause Ohio to not be able to project a winner if the voting is too close to call.

Carefully note that no provisional ballots can even be counted until 10 days after the Election. If Florida 2000 was a horror, a close election this year could present six or seven Floridas. Pray its not close – for the country's sake.

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Tue, 11/06/2012 - 10:43 | 2951565 MachoMan
MachoMan's picture

Earth to Art, the polarization has already occurred...  the presidential race is merely icing on the cake.

Tue, 11/06/2012 - 10:47 | 2951581 vast-dom
vast-dom's picture

i would pray if i did such things for a tie at zero votes each.

Tue, 11/06/2012 - 10:52 | 2951586 hedgeless_horseman
hedgeless_horseman's picture

 

 

"I don't care who does the electing, so long as I get to do the nominating."
-Boss Tweed

 

United we stand, divided we fall

 

Divided and ruled

 

 


A vote for Gary Johnson is not a vote for Obama, nor a vote for Romney, it is a vote for Gary Johnson.

A is A. A is not B.

 

 

 

Tue, 11/06/2012 - 10:53 | 2951611 vast-dom
vast-dom's picture

allow me to explain reality to you: by voting for a KNOWN lost cause loser, you still continue to tacitly support the RIGGED SYSTEM which is giving you NO CHOICE in reality. Get it? Got it? Good. 

Tue, 11/06/2012 - 10:55 | 2951618 Pladizow
Pladizow's picture

Yep, the sheep spook easy!

Tue, 11/06/2012 - 11:01 | 2951642 redpill
redpill's picture

Yeah, and you can pray that after an all-night bender of coke, whores, and champagne that you won't wind up with a hangover and herpes, but it's not the best game plan.  Whoever wins, tomorrow we'll wake up with a political STD and a shitload of regret.

Tue, 11/06/2012 - 11:02 | 2951653 vast-dom
vast-dom's picture

you mean we'll wake up with another STD or a really bad outbreak of the tumescent glow in the dark herpe that we already sported?

Tue, 11/06/2012 - 11:24 | 2951741 malikai
malikai's picture

FUCK! Is that what that itch is???

Tue, 11/06/2012 - 11:49 | 2951841 SWRichmond
SWRichmond's picture

A stridently divided populace is the best thing that could happen here.  People would be forced to wake the fuck up and stop taking everything for granted.

Tue, 11/06/2012 - 12:01 | 2951879 economics9698
economics9698's picture

I want a close corrupt election.  We need to split this country up, the sooner the better. 

Tue, 11/06/2012 - 12:06 | 2951895 Flakmeister
Flakmeister's picture

Do you see Newt as your new Jefferson Davis?

Tue, 11/06/2012 - 17:48 | 2953274 Lednbrass
Lednbrass's picture

Newt is a statist carpetbagger, ain't gonna happen- at least not behind him.

Tue, 11/06/2012 - 12:16 | 2951935 MachoMan
MachoMan's picture

Not really...  that is naturally going to occur when we're forced to start sucking dick for bread and circuses.  If a divided populace was actually beneficial to us, then the system wouldn't be set up to ensure our division...  just saying.

Tue, 11/06/2012 - 11:23 | 2951743 JPM Hater001
JPM Hater001's picture

No, it means when we wake up tomorrow we both still lost.

Wed, 11/07/2012 - 10:26 | 2955745 JPM Hater001
JPM Hater001's picture

Just stopping back to confirm.

Yup, we both lost.

Tue, 11/06/2012 - 11:25 | 2951753 fightthepower
fightthepower's picture

Here are a few videos that match my political philosophy.  No matter who wins the election, the Federal Reserve and its owners win. 

http://dont-tread-on.me/?p=24529

http://dont-tread-on.me/?p=24532

 

Tue, 11/06/2012 - 11:05 | 2951667 vast-dom
vast-dom's picture

let's see if in 4 years there's an electable sociopath..

Tue, 11/06/2012 - 11:29 | 2951769 Bicycle Repairman
Bicycle Repairman's picture

A tie vote doesn't faze me.  In case of a deadlock, this nation has a proven leader it can turn to.  He's had four years to  rest and I'm certain he's waiting for the knock on his door.

You know you want him back.

Tue, 11/06/2012 - 11:38 | 2951806 Flakmeister
Flakmeister's picture

Dick Cheney???

Tue, 11/06/2012 - 12:06 | 2951891 Bicycle Repairman
Bicycle Repairman's picture

Yes. He's got that 12 year old black kid's heart implanted and he's ready to rock.

Tue, 11/06/2012 - 12:13 | 2951921 Tijuana Donkey Show
Tijuana Donkey Show's picture

Arab kid. They waterboarded him to death, then took his heart.

Tue, 11/06/2012 - 12:09 | 2951902 Overfed
Overfed's picture

Let's see if there's an election in four years. Fixed that for ya'.

Tue, 11/06/2012 - 10:59 | 2951631 CommunityStandard
CommunityStandard's picture

By not voting, you are not supporting the system - but you still willingly subject yourself to its consequences.  If you aren't going to try to make it better, then move somewhere else.  Nihilism accomplishes nothing.

Tue, 11/06/2012 - 11:00 | 2951643 vast-dom
vast-dom's picture

you just don't get it, do you? you vote DAILY by the decisions you make, the companies you support (i.e. voting with your $), the way you live. the system can only change as per that. WAKE UP PEOPLE. 

 

you drink coca cola? eat McShit burgers? use toxic fabric softener? get fat? want your nanny state to rescue you?

Tue, 11/06/2012 - 11:10 | 2951681 CommunityStandard
CommunityStandard's picture

You are correct, but how do you expect people to change the way they live?  How can people "wake up" if no one tells them they are asleep?  While you sit at home and type on a few message boards, the brainwashing continues for the majority of people.  I'd like a real leader to INFORM people that the modern way of thinking is wrong.  And the only way a real leader can accomplish this is if people like us offer our support.  Doing nothing produces nothing.

Tue, 11/06/2012 - 11:14 | 2951703 vast-dom
vast-dom's picture

why don't you be a real leader and lead by example. after you're done typing on a forum

Tue, 11/06/2012 - 11:16 | 2951714 hedgeless_horseman
hedgeless_horseman's picture

 

 

Slow day at your own blog, vast-dom?

Tue, 11/06/2012 - 11:18 | 2951720 vast-dom
vast-dom's picture

glad you're enjoying. (my blog is effectively over the day of my posting of Miscreants.)

Tue, 11/06/2012 - 11:24 | 2951747 CommunityStandard
CommunityStandard's picture

I recognize that I don't have the skillset to be an effective leader, but I would gladly support someone who does.  That being said, if someone were to effectively organize a non-voting movement that was coupled with a call to change the system (i.e. declaration, petition, protests) I would consider joining them too.  But I refuse to be a nihilist.

Tue, 11/06/2012 - 11:56 | 2951858 pods
pods's picture

You absolutely ARE a nihilist.  Your first and last sentences prove it.

Who knows better what to do with your own life than you?  

You are here, so evidently you know something is wrong today.  Follow through with your self-education and you will realize that you are your own best leader.

pods

Tue, 11/06/2012 - 12:18 | 2951945 MachoMan
MachoMan's picture

Actually, I'm going to have to pull out my inigo montoya cliche and say that nihilism doesn't mean what he thinks it means.

Tue, 11/06/2012 - 12:25 | 2951971 CommunityStandard
CommunityStandard's picture

I think we have different definitions of leadership.  A leader does not tell me what to do.  A leader doesn't even "allow" me to do what I want, because I shouldn't require anyone's permission.  I am my own best leader when it comes to living my life.

However, a good leader will prevent the corruption of the people and the government by being a consistant source of reason and willingness to do the right thing.  A good leader will not stand for an overreaching goverment.  Therefore, I am not my own best leader when it comes to keeping the government out of my life, because I have yet to prevent the robbery of my income every April 15th.

If you are so effective that you aren't monitored or tracked by the state, that you don't pay for any government programs that you don't want to, that you can operate any business you want without restriction or beaurocracy, please, share your secrets with me.  I'd love to know.

Tue, 11/06/2012 - 12:57 | 2952095 pods
pods's picture

I am certainly not some John Gault.  I have withdrawn from the system as best as the present time allows.  For now, zero credit, paying off all debt and instructing others as to why they should do the same is much more effective than voting IMO.

The debt system we are under would collapse if all of us individuals refused to take on debt.

I must have misread your initial post, as it came across as you were wanting someone to solve the issues of the day, to lead you.  

I apologize for misreading you.

You will never find the person you are looking for in government.  Power attracts those who want to wield it.  You have to want to wield that kind of power to be involved to begin with.

pods

Tue, 11/06/2012 - 13:22 | 2952209 CommunityStandard
CommunityStandard's picture

It's all good.  We do the best we can, and you are correct, the system would collapse if everyone withdrew from it.  That's why I talk about having a good leader - someone to inspire people to do just that.  People don't give power to a leader, a leader gives power to the people by reminding them of their own power.

I also believe there exists the kind of person who can step up to task without the drive for power, but simply a desire to make the world a better place.  If someone can stand and speak to crowd, explain the problems with the system and the way out, highlight the message without highlighting himself as part of the solution, then I would listen.

Tue, 11/06/2012 - 11:16 | 2951708 Conrad Murray
Conrad Murray's picture

When real leaders do that they get killed. The masses see and accept this and go right back to their slave lifestyle.

Only complete and total destruction of the system allows for real leaders to arise and make positive change. However, the same opportunity then exists for the truly evil leaders.

Bottom line...things are still too comfortable, and nothing is going to change.

Tue, 11/06/2012 - 11:26 | 2951760 CommunityStandard
CommunityStandard's picture

"When real leaders do that they get killed."

I hope you aren't talking about Lincoln and Kennedy.

Tue, 11/06/2012 - 12:13 | 2951918 Flakmeister
Flakmeister's picture

Only real leaders get assasinated....

Hence, Reagan and Ford lived...

McKinley I suppose is the exception that proves the rule....

Tue, 11/06/2012 - 12:56 | 2952087 Overfed
Overfed's picture

Reagan lived, but he got the message loud and clear.

Tue, 11/06/2012 - 11:26 | 2951761 JPM Hater001
JPM Hater001's picture

I have to agree with community standard here...I only began looking at Ron Paul after he did so well in the 2008 election.  It's the elevation of the idea by showing support for the ideas you want to see and the best path to getting there is your free market approach.  If we dont shop at Libertarian Gary Johnson's shop today it will not be there tomorrow.

 

Mark my words.

Tue, 11/06/2012 - 11:31 | 2951775 aint no fortuna...
aint no fortunate son's picture

By not voting and explaining why, to whoever listens, I still make a statement. And that statement is, the lesser of two evils is still evil and I will not dignify the false premises upon which these so-called choices (there ARE no choices) are offered. 

Tue, 11/06/2012 - 10:57 | 2951633 Lost My Shorts
Lost My Shorts's picture

You are an idiot troll.

The responsible voter will certainly vote because:

1) Almost everywhere there is someone or something on the ballot worth voting for, even if Obamney vs. Rombama is too ugly to touch.

2) The act of voting does some small measure preserve the right for the future, at a time when plenty of schemers would take it away.  If no one votes, it becomes much easier to just cancel voting altogether.

The responsible voter writes in Mickey Mouse or someone symbolic if the candidates are both terrible.

Tue, 11/06/2012 - 11:29 | 2951774 JPM Hater001
JPM Hater001's picture

"The responsible voter will"

Stop.  You look like a fool.  "We don't have responsible voters."  Might as well have said "responsible carp" - we dont have any of those either.

 

But if you are vote Gary Johnson.

Tue, 11/06/2012 - 11:37 | 2951800 kridkrid
kridkrid's picture

Well programmed, are you. You wanted like hell to believe in the words you wrote, but somewhere inside, even as you told yourself you were right, it didn't feel completely right. That is called cognitive dissonance and it's trying to tell you something. Embrace it.

Tue, 11/06/2012 - 13:51 | 2952356 FeralSerf
FeralSerf's picture

Why would any sane person vote for someone that continuously lies to the people?

After the lessons of the last 44 years, anyone that votes for either a republican or a democrat should be prosecuted for conspiracy to commit treason.

Tue, 11/06/2012 - 10:53 | 2951614 Lost My Shorts
Lost My Shorts's picture

The happy market is predicting a decisive victory for someone.

Tue, 11/06/2012 - 10:59 | 2951641 Dr. Engali
Dr. Engali's picture

Tha market is happy because no matter who wins there will be more printing....problem is market forces are going to overwhelm the printing soon.

Tue, 11/06/2012 - 10:57 | 2951628 Dr. Engali
Dr. Engali's picture

I voted for Ron Paul which is not a vote for Obama, Romney, nor Gary Johnson.....it's a vote of principle.

Tue, 11/06/2012 - 11:18 | 2951728 Spastica Rex
Spastica Rex's picture

I voted for Jill Stein.

[Spastica Rex ducks and covers his head with his arms.]

Come on; it's not like she's going to win.

Tue, 11/06/2012 - 11:25 | 2951750 malikai
malikai's picture

Kloset Keynesian!

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