One thing that mattered to Wall Street before the election of Obama as President was which candidate they thought would be best for them; for business, enterprise, investment, trade, regulation, reform, protection, taxation, etc.
Of course, they hedged their bets on which candidate would win and contributed donations to the campaigns of both. Now which candidate received more from Wall Street industries?
The facts of the matters are not secret.
Take a look. Compare the amount of contributions made to Obama with contributions made to McCain.
If the saying "money talks" means anything, it seems Wall Street's smart money contributions are saying he is the one they prefer. Obama is not a stranger to Wall Street.
Obama's transition teams were already prepared and he will be moving quickly to deal with the financial crisis and two wars.
So let's see the impact of the election outcome on investor behavior today and during the next two weeks as Obama begins an unusally quick transition to his new executive office that will be first concerned with managing the financial market mess.
News 
Market Data 
Discover 
AI
