AlexS

Obama's Role in the Market's Next Breakout

Kunst, you're absolutely right. But there is nothing in Obama's past to suggest he is a leader, other than a leader in getting elected to successively higher office. He will go along with the Party, as he's always done, and will be a figurehead, to be trotted out to give speeches that sound good for about as long as he takes to give them. For the next 2-4 years we will be governed (ruled?) by Nancy Pelosi, the actual Chief Executive of the United States.

Obama's Role in the Market's Next Breakout

Of course this all assumes that investors are as gullible as voters.

When Will Oil Stop Its Rapid Ascent?

I agree with Brian. The last time oil prices had a sustained downward push was when Reagan decontrolled prices, letting supply loose. Congress doesn't have price controls on crude, but their holding up on exploration in the U.S. has the same effect. As long as the Dems are in charge, the price will remain high and will probably go up. If Obama gets it, look for a sustained rise from here, unless of course he plunges the world into another depression, which is very possible.