Read an analysis today of sectors, that concluded that the market expects Obama to win re-election. I don't agree. The market is strong because there may be a new White House occupant in January. If there isn't, it's hard to see a catalyst that could maintain the market's valuations. Certainly, the Fed has done all it could do to keep interest rates at a zero level, so anyone who wants to make more than 2 percent, almost has to consider the stock market.
I see no sign that Obama has changed his views about economics. The next four years may well be radically different than any other 4 year period in our history. This might well be a great time to be in cash, but I'm not, at the moment. Tomorrow, I may try to raise a little more cash.
If Romney wins the election, or better times ahead? Not necessarily. The federal government has expanded in size and scope, during all recent presidencies, Republican or Democrat. But, at least, Romney has some familiarity with the private sector. The economy should grow, but it's long term health is dependent upon what corrective measures are taken.
