Imagine the roulette gambler who puts all his chips — piles of them — on red and then sees fortune turn against him.
This is indeed the fate of the financial industry, which bet so heavily on Mitt Romney and now faces a second Obama administration. Can you feel the chill?

Comments
THe election results just proved that Americans do not wish to have their retirement savings put into synthetic securities like SWAP contracts whic hare basically one idiot who beieves they are :brilliant" adn can see into the future of interest rates betting against another idiot who believes he or she is as brilliant. The stock market was never meant to be a gambling casino where "theoretical" strategists blow thousands of middlce class Americans money so they cna have something they can brag about in a cocktail party on the weekends. The stock market was designed for the investment of long term capital so that American companies can grow and prosper and Americans can slowly gain a decent return on their investments. President OBAMA should introduce legislation that would ban Regulated Investment Companies (RICS) from investing in SWAPS, PUTS, CALLS, OPTIONS, and all "synthetic securities that put retiring Americans investments at risk.
Look out Financial Industry, here comes Senator Elizabeth Warren, and she WILL ask you the hard questions. You better have the right answers.
The financial service sector have a talent for taking money out of the economy whithout providing value. Prices are set by speculators who predict what might happen and then turn it into reality. People's retirement funds are steadily eroded. We should worry about more rules?
The financial service sector is wagering all the time. It should be less of a casino and more of an instituion.
Since they led the "leverage" frenzy that got us into this mess, perhaps they can lead in an arena in which we all learn to play by rules which benefit our children more than ourselves. What made this country was a culture of securing the future for our children not risking it.
My personal belief is that banks should again be restricted to being just banks. Banking is too important to other businesses and to the economy to be involved in gambling. I also think that the large (to big to fail) banks should be split into several smaller banks. Splitting the banks would actually help the economy because the combined value of the children is almost always worth more than the parent. Banks the size of Bank of America, JPMorgan-Chase, Wells Fargo, etc., shouldn't exist.
Don't forget Citigroup, Bob Rubin's monstrosity that only became retroactively with the repeal od Glass-Seagal
I don't see the risk the industry took. It wasn't as though they had any favorable treatment ahead of the election. The president and democrats were already beating them up. And that was after his first election where a good portion of the industry backed him.
Not a single banker in prison for their greed leading to the collapse of the financial system. Few limitations on bonuses after taking TARP. Heavily watered down (thank you Scott Brown) regulations that barely chip away at the regulatory problems the allowed the financial system to buckle. Lenders get away with destroying our nation for 5+ years and they whine that Obama didn't treat them nice enough? I hope payback is coming now that their appreciation is fully realized. Main St over Wall St.