On the topic of Obama and the market, it seems one company is already feeling the impact of an Obama stimulus.
Shares of J Crew Group Inc. ended the day up more than 10% on the news that J Crew was the prefered inauguration outfitter of the Obamas. The Prez: white satin bow-tie. First Lady: gloves, sweater, skirt. Girls: coats, dresses, accessories. Not since Camelot has a First Family made such an impact on the fashion world.
I think Obama's stimulus strategy is clear. Expect to see him driving a different GM vehicle each day, ditching Air Force One for US commercial airlines, opening brokerage accounts at Citi and BofA, and buying up beach houses across the country.
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