Iowa's Message to Investors

They say Wall Street sets prices by anticipating events, and there's no better example of that than the investor who were busy Friday factoring the results of the Iowa caucuses into their outlook.

Yes, it's early days. We haven't even picked nominees, let alone a president. There's more than a year to go until the new CEO of America Inc. takes office.

But it doesn't hurt to start sketching out the possibilities. The Iowa results sent tremors under the political establishment. They may eventually shake up the world of finance too.

A President Obama would obviously pursue slightly different policies from a President Clinton, and very different policies from a President Romney or President Huckabee.