It is not the same as deciding who to favor with your mandate. Cheering crowds confuse concrete intelligence. You can back Obama or even Nader, but profit from what McCain promises. You need a citizen cap for the polling booth, and stock investing spectacles for statements by candidates. Do not pull the cap over your eyes or wear distorting spectacles. Vote as you will; invest after appreciating the financial impact of politics.
A party in power is likely to help its candidate. McCain makes some long-term statements. The administration will probably leave such issues alone. There could be other matters for which McCain demands immediate change. Which stocks will benefit when Washington acts?
This campaign is an exception to a rule. Interest rates must rise, and oil must fall. The Fed has already broken its record of periodic dollar depreciation. It is clear that stimulus checks will not send folks in to queues to buy homes. There may be some fiscal incentives for realty, but Obama may have a walk-over if world speculators continue to access cheap funds from the U.S.
Though Saudi Arabia has yet to play ball, the U.S. does wield decisive influence on the majority of OPEC members. McCain cannot risk a 2008 autumn of severe discontent over exorbitant heating costs. It will be interesting to see how the stock indices react in the next six months. Read between the lines, and get ready to make profits while the campaign spotlight shines.
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