Market tanked today by almost 500pts. It tanked because investors are worried about Obama. His tax and spend policies are not good for wallstreet, but we don’t know who he is appointing in his cabinet, or advisors. If he stays far left, the market will continue to go down, if he goes more center, the market will be encouraged and go up. Time will tell.

The election was already factored in for an Obama win. The market would have only moved higher on a McCain surprise - due to the fact the market did not predict him to win.

I answered this in detail recently, here is the link posted what 10-27-2008.