Let's hope this proves true - I'd like to send the kids to college...

From MSN Money ...

The world's markets are poised for a broad-based rally with Barack Obama's presidential win.
With U.S. stocks pulling back today after a big Election Day gain, that may seem a bold prediction. But the reasons are simple.
In the short term, at least, stocks respond to sentiment more than fundamentals. For example, even in the face of an oncoming recession, the recent downdraft sank many stocks to prices much lower than justified by their fundamental outlooks.
With Obama's win, the same thing could happen in reverse. Whatever the reality, in many people's minds, the Democrat represents hope for a better future.
That's true globally, not just in the United States. Polls in Russia, Germany, Spain and even China tell the same story. People around the world express optimism that Obama, as president, would change U.S. foreign policy for the better. Further, the win by the Illinois senator proves to many doubters that the American dream is alive and well.