I have this sudden fear. If Obama's animating principles really are far left radicalism, then I'm afraid he might really see himself as having been given a mandate, and he'll use it as an excuse to do something that the markets will view as suicidal.
His antipathy to private enterprise is hardly a secret. And I'm concerned that he'll try for a BIG second term issue that none of us see coming. Something that could only be proposed by a politician who understands nothing of economics or business. Some kind of real headline grabber from deep in the weeds on the radical left.
Maybe an across the board 25% tariff on Chinese goods, or pulling out of NAFTA by executive order, or maybe a penalty for 'failure to repatriate foreign earnings' equal to 150% of the earnings themselves. Something where the top line effect would look great to the unions and the far left, but the secondary effects will be disaster.
I just have a sinking feeling....