Oceans of ink have already been spilled handicapping the presidential candidates' chances, based on how the stock market is doing. Now, let's take a peek at the crystal ball to see how the stock market's sectors will do if President Obama gets another four years, or the country gives the nod to Republican challenger Mitt Romney.

In spite of conventional Wall Street wisdom, stock prices, corporate profits and the economy as a whole post better performance under Democratic administrations than Republican ones, according to Sam Stovall, chief equity strategist for S&P Capital IQ. He writes that although Democrats are the "'tax and spend' party, the important part of that equation may be the 'spend.' When you spend, that usually improves the economy and increases corporate earnings."

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