not yet. first there is 60/40 chance obama wins. then he has to do these tax raises, which would need 60 votes to get it done, right now dems have 50 votes in the senete i think? 50-49-1 (2 independants? Liberman and the guy from VT??). possible but they have many seats to pick up to do this. Given obama has already said he would delay or reconsider tax increases until the economy gets better, 2009 my not be the year. they may expire naturally in 2010 as currently set. but i would not bet on this Also i would think that pay high rates would be getting hammered. also muni funds would be going up much more in value and MLP/Reits. i dont think the "obama trade" is upon us yet. if so there would be plenty of sectors that would be good and others that would be doing bad, such as defence and healthcare. and i dont think anyone knew the GS-PB got you the 15% rate