Obama mania fails to inspire investors

THE inauguration of President Barack Obama did not have the positive effect on the markets that some had hoped for – in fact quite the opposite, with the Dow Jones plunging 4% overnight.

Although weighed down by financials, the Australian market fared better than expected today with only a slight fall.

The S&P-ASX 200 bounced back in late afternoon trade, finishing just 0.

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