Regardless of the times, the markets will have “up” periods over the next few months. Nothing goes in one direction, even during the best or roughest of times. Besides the underlying fundamentals, there are technical and market psychology factors which determine short-term directions.
So expect to see significant rallies. There could possibly be some noticable uptick today, because things are so oversold. The media will glom onto it to profess that 0bama indeed is a stock-picking guru.
Here’s the difference, I’ve seen the market have ‘hissy fits’ before Obama, but since Obama has taken office, it’s gone into a consistant nose dive. The free market does not trust Obama. With reason, he is not doing anything for it.