Insana predicts "definitive result late tonight, clear winner, done deal"

[Bush_Eats_Beef]

http://www.msnbc.msn.com/id/5445086/



Easy call (CNBC's Ron Insana)

And I'm not talking about who is going to win the presidency. I think the markets are suggesting that the high expected voter turnout will provide a definitive result late tonight— a clear winner— a done deal.

Art Cashin, veteran NYSE floor trader, surmises that that is what the market is telling us with today’s rally: No hanging chads, no month-long dispute but a president in place, though he won’t predict a winner.

The fact is the American population is motivated and voting… some pundits are reportedly suggesting voter turnout could reach a modern record of 135 million people. As one businessman said to me recently, this is not an election, it’s a referendum.

And judging from the market’s behavior today… Wall Street, a veritable daily voting booth of its own kind, is expecting a final tally is within reach.

• November 2, 2004 | 2:20 p.m. ET