The markets were not too happy that there will be four more years of the same. Whether or not a different winner of the 2008 election would have changed the trajectory of the market’s trend is impossible to know, but we do see some dissatisfaction (from investors) over the 2012 result.
Of course in 2012 more of the same is not limited to just the President. Basically, the gridlock in Washington is again the mode for at least the time being.
It will be interesting to see how this turns out with the FED all-in already.
(Oh, and for all of you who will look at this as a political statement – DON’T)