How Will a Democratic Congress Affect the Stock Market?

James Cramer issues a warning:

We’ve had a government of, by, and for the corporations for so long that most people have forgotten that political risk used to be a reason to sell stocks. We’ve gotten so complacent about the Feds’ doing everything to support the rights of corporations to make as much money as possible with the lowest taxes in years that Wall Street could be in for the shock of a lifetime come fall, when—oh, heavens—the Democrats could take control of Congress. Given the fiasco that is our foreign policy, it could happen.

If the Democrats do take over, you can expect the usual whining: Corporations don’t pay enough taxes, CEOs are overpaid—all true, of course. But this column’s not about political philosophy; it’s about saving money. It’s about preserving your investments in specific industries coddled for a half-dozen years by the GOP’s love affair with business that I believe will be under assault, if not overrun, by a Democratic Congress.

This is a story to watch as we get closer to the election.