Ulysses S. Grant was a man only America could produce.

A shy boy who was exceptionally good with math and horses, his father gained him entry to the US Military Academy at West Point without even telling him. Not an outstanding student, he graduated in the lower half of his class.

During the Mexican War of 1846, he was disappointed when put in charge of the Quartermaster Corps. He later become an alcoholic when sent to a distant post in Northern California, and left the Army in disgrace in 1854.

A series of disappointments followed in real estate speculation, farming, and debt collection. He ended up working as a clerk in his father?s leather goods shop in Galena, Illinois when the Civil War broke out in 1861.

Suddenly, his logistical skills were greatly valued by an army that was ramping up in size from tens to hundreds of thousands.

He was quickly promoted to brigadier general and went on to win a series of victories unprecedented in American history: Fort Donaldson, Shiloh, Vicksburg (where my ancestor served), Atlanta, the Wilderness, and Richmond.

His recurring strategy would be very familiar to any US Marine today: attack, attack, attack! He is viewed by many as the greatest general of the 19^th century.

When Robert E. Lee surrendered the Confederate army in 1865 at Appomattox Court House, there was enormous political pressure from the North for Grant to enforce harsh and vindictive peace terms.

The Confederate Army was starving, so he immediately gave them 450,000 rations, which, as a logistics expert, he just so happened to have on hand.

He permitted the rebel army to keep one rifle per seven men to protect themselves from roving brigands.

Grant made the full resources of the US Navy available to the defeated army?s men to get them home. Many of the exhausted soldiers had traveled over 1,000 miles to fight in Northern Virginia.

He knew that the men would be returning to cities and farms that had been ravaged by the war. He did what he could to help them restart their lives.

Finally, General Lee was permitted to keep his sword, an important symbolic gesture. Historians believe that Grant?s generous terms substantially shortened the war and saved 100,000 lives.

Grant?s rationale for the soft terms was simple: ?We are all Americans now.?

Grant went on to become US president for 8 years, from 1868-76.

His work was considered vital in reuniting a sharply divided country.

His memoir, completed a week before he died, and published by Mark Twain, became the biggest seller in history up to that time.

At his 1885 funeral, his coffin was fittingly carried by three Union and three Confederate generals.

America has just undergone perhaps the most serious internal divide since the Civil War. One side may be ebullient and celebratory, while the other is disappointed, bitter, and disillusioned.

I think it is time for all of us to move on and apply ourselves to the important business of making America the great shining city on the hill.

That?s how the rest of the world sees us.

We should too.

We are all Americans now.

Now for that Trade Alert.

I was sitting in front of the fire reading research at my waterfront estate at Lake Tahoe when the phone rang.

The Secret Service was calling from Reno, Nevada asking if I wouldn?t mind guiding someone on a hike in the High Sierras.

?Who, pray tell, was coming?? I asked.

?Sorry, need to know? was the predictable reply. I would find out when the event came off.

The next morning six black GM Suburbans with tinted windows drove through my front gate.

A minute later, I was introduced to Annie Kaine, wife of Tim Kaine, the vice presidential candidate with Hillary Clinton.

Annie is a native of Virginia and a Harvard Law grad, who put in time as a civil rights worker, and later as a judge in her home state. She was the First Lady of Virginia from 2006-2010.

Annie had never visited the Sierras before, but had long known of their beauty. While her husband was campaigning in nearby Reno, she took the day off to check off an item on her bucket list.

I guided Annie up the Incline Village Flume Trail, one of my favorites, to the Tahoe Rim Trail at 8,500 feet. We paused to stop at the place where Mark Twain first caught sight of the crystal clear lake.

A half dozen Secret Service agents, in their thirties and in incredible shape, followed at a respectful 50- foot distance, periodically providing radio updates to an unknown supervisor.

No pictures were allowed.

I related the local history and mentioned that my ancestors had ties to Virginia?s Tidewater area before they moved on the Kentucky, Missouri, and ultimately, California.

Then I launched into a long discussion of presidential politics, not the current race, but the first one.

I remember the first presidential election like it was yesterday.

Back in 1788, George Washington was so popular that he ran unopposed. Then the battle was for the vice presidency which was elected separately.

Our current electoral system did not come into place until the passage of the 12^th amendment in 1802.

John Adams won handily, a flinty attorney from Massachusetts, edging out John Hancock and John Jay.

Adams helped write the Declaration of Independence and the Constitution, obtained crucial loans from the Dutch during the Revolutionary War and negotiated the peace treaty with Britain.

Adams favored a strong central government. He went on to be elected the second president in 1797.

Political parties did not yet exist, nor did opinion polls or focus groups. ?Candidates were either Federalists or anti Federalists, being for or against the constitution. The Federalists won with a 90.5% margin.

There was no single election day. Instead, voting stretched over a month, from December 15 to January 10.

This was so voters could walk or ride a horse long distances to get to the polls. Since government was new, there were few roads or bridges to cross rain-swollen streams and rivers.

The weather on the east coast is often frigid and snowy that time of the year. Candidates would greet voters with a side of beef roasting on an open spit and a cup of spiced rum. Drunkenness at the polls was a common problem.

Only white men of property could vote, limiting the turnout to only 1.3% of the country?s 3 million population.

Virginia was the political powerhouse of the day, with 12 of 95 votes in the Electoral College. The state then was much larger, and included the lands that later became West Virginia and Kentucky.

Virginia?s political impact was further increased because it was given additional seats in the House of Representatives equivalent to three fifths of its substantial slave population. This practice continued until the Civil War.

Only ten of 13 states voted because New York, North Carolina, and Pennsylvania had not yet ratified the constitution. Only six states allowed any popular voting at all, relying on their electors to make the choice.

A lot has changed since the first presidential election 228 years ago.

Since then, the numbers of eligible voters has steadily expanded.

African American men won the right to vote with the passage of the 15^th Amendment in 1870, but they didn?t get full voter?s rights until the Voting Rights Act became law in 1965.

Women achieved the right to vote with the 19^th Amendment in 1920. The voting age was lowered to include 18 year olds with the 26^th Amendment in 1971 (that one I really DO remember, and I voted in 1972).

I?m keeping the letter short today so everyone has plenty of time to get out there and vote. So get out there and do it. It?s a privilege and a right, so use it.

I told Annie Kaine to come back any time she wanted, and next time, bring her husband and her skis. She said she would love to, as long as I didn?t mind a larger Secret Service detail.

I replied that I didn?t mind at all.

Vote for Me

For the first time this decade, I did not care a whit about the monthly Nonfarm Payroll report.

Not an iota, a scintilla, a modicum, or even a speck.

That?s because no matter high or low the number came it, it would be vastly overshadowed by tomorrow?s election.

Nationwide voting is not the 800-pound gorilla in the room. It is the 800-ton gorilla in the room.

Like everyone else in the country, I feel like I have been the subject of a vicious child support battle between warring parents.

I just want it over.

The big question about the Federal Reserve is not about its possible move to raise interest rates in December. It?s whether our central bank will exist at all in the New Year!

Will Janet Yellen be demoted to washing Tesla windshields on street corners in Berkeley?

As it turned out, the Employment Situation Report could not have been more boring, missing the consensus by a mere 12,000.

The October Nonfarm Payroll Report came in at 161,000, versus a consensus expectation of 173,000.

The headline unemployment rate fell to 4.9%, a decade low.

The hourly earnings jumped an eye popping 0.40%, bringing the year-on-year gain to 2.8%, the largest increase since June, 2009.

Are these the early seeds of inflation? One can only hope.

The back month revisions were big, with September bumped up by 9,000, and July goosed also by 9,000.

Professional and business services led by 43,000 jobs, health care with 31,000, and government, mostly at the local level, at 19,000.

Hurricane Matthew seemed to have caused a drag on the numbers coming from the Southeast.

Another shocker was the U-6 long-term structural unemployment rate, which plunged to 9.5%, another ten year low.

Traders will certainly have their hands full this week.

The polls close at 8:00 PM, and network projections of the winners of the obvious states should be out a few minutes later.

However, it?s the battleground states that count, and the early results will be misleading.

Clinton?s support in the cities is overwhelming which will report first. Trumps voters are largely rural, and results will come in slowly.

So don?t be fooled by reports of an early Clinton landslide win. Trump will make up the gap as the night wears on, but not enough to win in the Electoral College.

Nate Silver?s FiveThirtyEight has the best long-term record of predicting election outcomes using mathematical models (click here for his site at? http://fivethirtyeight.com/?ex_cid=2016-forecast . As of Friday, he had Hillary winning by at least 58 electoral votes (see map below).

I think the margin will be much wider, as the polls are missing millions of Hispanics who have never voted before.

This will give Hillary the majority of the battleground states, especially Florida, North Carolina, Georgia, Colorado, Virginia, Arizona, and Nevada, where I voted, and was presented with a ballot in Spanish.

Evan McMullin, a practicing Mormon, could take Utah, depriving Trump of a further 6 electoral votes.

That?s why I dipped my toe in the water by adding a modest 5% position in the Velocity Shares Daily Inverse VIX Short Term ETN (XIV) at the close on Friday, a bet that the Volatility Index (VIX) goes down.

Once the markets get a whiff of a Clinton win, it is going to be really hard to sell the Volatility Index (VIX) fast enough. Time to put my money where my mouth is. If the (VIX) rises on Monday, I?ll double up.

This renders all economic data releases for the coming week essentially meaningless. But I?ll go through the motions anyway.

Monday, November 7th at 8:30 AM EST, we get the Gallup Consumer Spending Report.

On Tuesday, November 8th at 6:00 AM EST we get a new update on the NFIB Small Business Optimism Index.

On Wednesday, November 9th at 7:00 AM EST, the MBA Mortgage Applications are published.

Thursday, November 10th we learn the Weekly Jobless Claims at 8:30 AM.

On Friday, November 11th at 10:00 AM EST we get the October Consumer Sentiment, and 1:00 PM delivers us the Baker Hughes Rig Count.

I hope everyone gets out there and votes. This time, it really IS the most important election in history.