If not for Bernanke's printed money, DOW would be worth only 9,000 now. A Romney win means DOW has to go back what it is worth, maybe lower because momentum works both way. Then when Mitt takes over office in 2013, DOW will begin to build up again from say 6,600 or 7,250.
I see stock market crash till the end of the year. Bottom at 6,600 or 7,250 for DOW. If Obama feels he has no chance, he will not defend stock market any more and just let it go like Bush did in 2008.
Actually the best strategy for Obama now is to induce a stock market crash in the next 34 days. Then he plea to the old and the poor and assure them the only way for them to survive is to get him re-elected and he will give them the rich's money. When life is so scare, sheep will vote for Obama when they feel it is the only way for them to survive.
And it is not difficult to do. DOW should be under 10,000 if not by the Fed's printed money. Obama can just pull the rug under and let the sh1t hit the fan.
I don't think this debate will have any significant effect on the mkt tomorrow. Its obvious to me however, that Romney would be a much better leader especially in working with Congress. This current President cannot work with Congress and that's bad news with the fiscal cliff on the horizon.