A lot of financial experts are saying that stocks took an even greater dive after the election and have stayed down since, because investors (both foreign and domestic) are waiting to see what an Obama presidency will do in terms of the economy (taxing the rich, etc). As of now, they do not have the confidence to invest, so are taking a "wait and see" approach..
Overall, Obama's judgement has been impressive as far as most of his cabinet picks and his retaining Robert Gates as Secretary of Defense. It was also heartening to see that he did not back down on his choice of having Pastor Rick Warren be a part of the inauguation, despite being under heavy fire from the "gay gestapo" for doing so. Perhaps he will not pander so much to the special interest groups as was feared by many.
It is being predicted the market will recover somewhat, after he takes office, especially if these bipartisan choices become the rule. President elect Obama is an extremely smart man, and since being briefed by the White House on confidential, top security, matters, his stance on ending the Iraq war seems to have have been altered, as he has gained a more comprehensive sobering view on how the outcome of that war (misguided as it has been) relates to America's security (after all, the #1 responsibility of the government is to keep us safe!) The fact that he wants to increase our troops in Afghanistan is very promising.
Unfortunately, a lot of people who voted for him will be undoubtebly, disappointed that all of the entitlements they expected, are not going to come to fruition. There is a glimmer of hope now, for a lot of us naysayers, that Obama might turn out to be a president for all the people after all, and potentially one of our greatest presidents. He certainly has inherited a big mess!!!! May God be with him and
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