Maybe we might

Yes we can. Well, roughly speaking. The Barack Obama rallying cry, along with an apparently endless stream of crisis-easing measures from governments and central banks, created a pre-election rally. It was especially potent in stock markets, where mood often trumps reality. The US S&P 500 index rose 18% between October 27 and election day. The gloom in the economically more important credit markets has also lightened a little. Spreads on investment-grade credits and interbank loans have narrowe...