Why investors are fine with a second Obama term

Maybe it doesn’t matter who’s in the White House to the financial markets. The conventional wisdom of Republicans good/Democrats bad is being trumped by other factors such as the memory of President Obama presiding over the monetary stimulus plan in 2009 and the rescue of Goldman Sachsthe bête noire of the 99 percenters. Meanwhile, market observers are more concerned about the sure-to-be-contentious upcoming battle over the “Fiscal Cliff.” They further believe an uncooperative GOP-lead house will keep an eye on fiscal policy.