The market was devastated by the wealthy before Obama took office. You didn't actually believe he was the tooth fairy and could turn this titanic around after devastation rivaling the great depression, did you? It's an ugly and thankless job. And there will be mistakes made along the way to recovery.
That said, Goldman Sachs is recommending commodities. I bought Dean Foods today, ATPG oil and CENX Century aluminum, but only because aluminum spot prices have been trending up again and 60% of the physical aluminum is tied up in deals.
GLTA. I like BP at this price, but ATPG has the most potential in the short term.
There may not be many "wealthy" people remaining after four years of this president. People aren't spending which tells me that most folks are not feeling wealthy. Businesses are cutting back and job losses are mounting. There is an obvious fear factor in the air.