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Presidential Debates & Market Uncertainty

As if the global market meltdown and frozen credit markets weren't enough, in the midst of the biggest financial crisis in decades the world's most powerful job is about to change hands.

In the final presidential debate Wednesday night, voters will listen to Democrat Barack Obama and Republican John McCain spar over the economy and the government’s plan to rescue the nation's financial system. With Obama widening his poll lead in recent weeks, the pressure is strongest on McCain, but both must do their best to convince voters they can handle the financial crisis.

"Investors are approaching everything including these debates or the bailout plan, or a day in the market, with a great deal of skepticism and mistrust,” said Lakshman Achuthan, managing director of research group Economic Cycle Research Institute (ECRI). "The candidates' challenge is to establish some credibility -- before moving on to their respective policy prescriptions."...