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Patch's Poll: Are You Holding Off on Major Purchases Until After the Election?

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Consumer spending was up in September, but will it continue in October?

 

"General indecision" on the part of investors is giving the stock market fits and starts these days, according to a report in Tuesday's DailyFinance.com. Analysts say investors probably won't make major decisions until after the presidential election, when the government's economic policies will take one direction or another.

"They need to know the playing field before they get out there and play," said Jeff Savage, regional chief investment officer for Wells Fargo Private Bank in Portland, Oregon.

The same may be true for consumers as some people tend to hold off on major purchases before a presidential election because they aren't sure if they should be saving or spending.

The Commerce Department said that retail sales increased 1.1 percent in September, but October could be a different story.

Will you hold off on major purchases until after the election? Take our poll and tell us in the comments.


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