You don’t have to be a college graduate to figure this one out.

So the worst 2 day sell after a presidential election and still investors wonder why, well folks its simple:

The new administration has talked about higher corporate taxes; higher personal income taxes; higher capital gains taxes; higher taxes on dividends and a government take over of 401k plans. You don’t have to be a college graduate to figure this one out.

Look for the new administrations choices of economic advisors and key fiscal appointees to divine the leadership direction from the campaign rhetoric. No one seems to have any clue how President Obama will govern. Will he as critics claim lean far to the left and sit down with Hugo Chaves or will he embrace the Clinton legacy and push hard toward the center pursuing free trade and welfare reform and perhaps even some tax cuts?

The perception by many is that he is a smooth talking good looking empty suite who will be filled with the ideas of his big money supporters and there proxies. Again critics assert that it’s more likely the views of Weatherman Bill Ayers and his ilk that have the most influence President Obama again the key is his choices of his key economic advisors.

There is also a third possibility which harkens back to the Carter Era when and aggressive congress confronted a weak inexperienced President. President Obama for sure lacks experience but I am not sure this Congress is either smart or shrewd enough to run the show.

The other key issue is energy policy for if the new administration harkens back to a conservation at all cost philosophy instead of a focusing on the discovery and promotion of new resources I fear we will very quickly see the return of vastly higher energy prices due to constrained supply.