Hollande got the job!

As expected, the gap tightened a bit between Nicolas Sarkozy and François Hollande, but still was large enough to lead the socialist to victory. So now, the next obvious question is wether France is going to fall off a cliff or survive the upheaval?

For one thing, the scenic European country isn't going to disintegrate, just like it failed to do 31 year earlier when another François, by the last name of Mitterand, that time, took power. Some French people wrung their hands, a few moved out of their beloved country, but at the same time, the standard of living of their peers that stayed kept on creeping up like that of the rest of Europe. In addition, the socialists invented the 35 hour week and kept the country's gates open to immigration as this had been the tradition since the end of the colonies.

 In the short term, and if you have some cash to park, buy some equities on Monday as the markets are likely to tank between the French and Greek weekend election, plan a vacation to Europe as the Euro may lose even more of its bite against the dollar and just enjoy how smart you are. Life will go on, the right will eventually return to rule France, just to make Hollande's socialists supporters mad again...