Obama victory results in short-term positive markets – Greece and Fiscal Cliff negotiatio ns are lurking in the wings Review: Obama won the presidential election fairly convincingly and the Senate is controlled by the Democrats. Fully as expected, the House of Representatives is in Republican hands. The initial reaction in the market was that USD fell, and gold and other commodities increased (expectations of a continued monetary policy) and equities fell slightly. Today’s chart illustrates
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Greece and Fiscal Cliff negotiations are lurking in the wings