People will argue over whether Barack Obama or John McCain would make a better president, said Fortune’s Jon Birger in CNNMoney, but “there are specific investments for which no debate is necessary.” For example, should Obama win, that's good news for investments in alternative energy, municipal bonds, and companies that build ports, roads, and bridges. If McCain wins, utilities and offshore oil outfits should do well.
Regardless, the election will “achieve one critical result,” said Brian Wingfield in Forbes: “The return of confidence in financial markets.” Does that mean an end to the global crisis? “Not a chance.” But stock markets hate uncertainty, and the election has been a drag. The market has already banked on an Obama win, but that doesn’t mean a McCain upset would cause more than a “temporary rattle.”
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
-
What is cloud seeding and did it cause Dubai's severe rainfall?The Explainer The future is flooded
-
American Airlines pilots are warning of a 'significant spike' in safety issuesIn the Spotlight The pilot's union listed 'problematic trends' they say are affecting the airline's fleet
-
6 star-spangled presidential libraries to visitThe Week Recommends These institutions provide insight into American leaders
