imho, the market will move up no matter who wins. Unknown keeps it low, once it is known who wins, investors will move money into investments that can capitalize on the policies of the new administration.
FWIW, Peabody Coal (sym “BTU”), the largest domestic producer providing 10% of U.S. electric generation, is up 8.46% for the day at 10:41. Their investors are obviously planning for an Obama loss.
Sad to say this but I think the market is up because it a vote against Bush.