I think the election went as expected. Maybe a few races here or there went one way or another unexpectedly, but the results are that the Republicans now run the House of Representatives and the Democrats have a smaller majority in the Senate. The GOP also picked up some governorships and some seats in statehouses around the country.
I’ll be up for a few following Twitter and other blogs, with Fox News on in the background.
The stock market rallied nicely today. Now we will see if tomorrow is a sell the news day, or if we go up because things went as expected with no major surprises. I remain 100% long. I am somewhat worried of a correction coming, but the election year pattern seems to be playing out.