Obama’s First Press Conference: Economic Stimulus and His Team

Obama, US economy November 7th, 2008

He held his first press conference on the economy today around 3pm EST.  You can watch the video through the article here, or just read an abbreviated version of it.

.

Will Equity Markets Go Up Again Post-Election?

US economy, special dates, stocks November 4th, 2008

Lately it seems I sure am asking a lot of questions.  I just read somewhere that historically, stocks do rise by a marginal amount (2%) the day after US presidential elections.  People might be glad just to have the thing over and done with, regardless of the outcome.  There’s also a broad consensus that Obama might be better for stabilizing the economy - he has a more consistent plan, etc. etc.

Obviously, the market fundamentals are not going to change in a day or two - but the election of Barack Obama will certainly have positive repercussions worldwide on foreign markets (since generally speaking, it appears that most other countries would vote for Obama if they were given a choice), which could indirectly help US markets as well.

What do you think?  I guess we’ll know in the next 48 hours.

.