Markets: A post-election bounce, maybe

Will the election of Tony Abbott to the Lodge restore investor confidence?

Are the stars aligned for an Abbott stock market rally? It seems so. Business is positively kicking its heels with joy at the prospect of the boxing Rhodes scholar becoming Australia’s twenty-eighth Prime Minister. If confidence does return to the corporate sector, company spending may kick up a notch as record low interest rates encourage companies to expand or do deals, further fueling excitement among stock market investors.

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