Salient to Investors:
Curtis Arledge at Bank of New York Mellon said the appointment of somebody like Erskine Bowles to be Treasury Secretary will show Obama cares about the deficit and is serious about cutting it.
The Center for Responsive Politics said Goldman Sachs, Bank of America, Morgan Stanley, JPMorgan Chase and Credit Suisse were the five biggest sources of campaign contributions to Romney.
Ralph Schlosstein at Evercore Partners said potential appointee Jacob Lew knows his way around Washington and has strong backing from Obama, whereas Bowles doesn’t bring the same closeness to the president.
Harry Wilson at Maeva Group said Obama hasn’t negotiated a deal really in his life.
Bill Gross said the Obama solution will probably include more tax increases and fewer spending cuts than investors thought before the election.
Read the full article at http://www.bloomberg.com/news/2012-11-08/wall-street-trades-foiled-romney-dreams-for-bowles-hope.html