I don't (can't) vote in the US any more (but unlike Australia, Americans don't HAVE TO vote, so half usually don't!) but I agree with your assessments of what MIGHT happen under Obama.
Friday's rise on Wall Street was an incredible example: up 6% on the RUMOUR that Timothy Geithner (head of the NY Fed) will be named as Treasury Secretary, probably on Monday. That rise alone has already made Geithner's appointment worth billions to investors!
Imagine what it could be worth if he ACTUALLY gets appointed and he and Obama achieve their goals! (Of course, we'll see what happens: you know the old saying "BUY ON THE RUMOUR, SELL ON THE NEWS"...) Oh well, I guess 'Hope springs eternal' and the market has never gone down in any 10-year period INCLUDING 1929-1939, so a long-term view is vital.
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