If the market goes down from here and makes new lows, you can be certain it will be blamed on Obama since the dominant meme within the investment community seem to be that "Obama will be bad for stocks".
If, on the other hand, the market goes up from here and we actually get a multi-month advance of the order of 50% or so, the same pundits will say it's a classic technical bear-market rally that was going to happen no matter what (i.e. no matter who was voted in).
I got this idea while reading the sometimes informative but often infuriatingly partisan (guess which side) blog spawned by trading legend Victor Niederhoffer, himself a much more detached and thus inviting voice than most of the other blog contributors.
And now, for a little taste of the truly deranged, check this out.
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