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Conservative Election Win Should Boost Lagging UK Stocks

- Polls Are Calling for a Conservative Majority in U.K, but Advantage Is Narrowing

- Another hung Parliament Almost as Bad as a Labor Win; Postpones Brexit Action

If you’ve been around Wall Street long enough, no doubt you’ve heard many elections called critical or important for the market. However, in the United Kingdom parliamentary elections tomorrow, Dec. 12, will be generationally determinant, and not just for the British.

I see the battle between the Conservative (Tories) and Labor parties as a life and death struggle for the soul of the U.K., and the country’s long-term well-being rides on the results.  On the subject of the European Union, the U.K. is as fractured a polity as our own red/blue state divide.  I’ll state my bias:  If the Tories win, buy the U.K. If they don’t, stay away. The U.K. will be much better off in the long run outside the E.U. and its overbearing, often inefficient and undemocratic market directives, mainly cooked up by unelected and out of touch mandarins and policy officials in Brussels. 

One need only look at the EU’s anti-trust approach: mergers and acquisitions are scrutinized not for the effect on the end consumer—common sense—bu...

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