A Wild Wednesday

When the markets opened this morning, Wall Street was trying to digest the political news from the evening before. It was clear the Democrats had clinched the House, but the Senate remained in question. As of this writing, there is only one seat still up in the air. At the beginning of the day, stocks dropped. Was this a reaction to a Democratic run Congress? Or maybe it was simply the market's response to uncertainty. As the day wore on, and the uncertainty became more certain, markets relaxed. By close, the numbers were all positive. Add in a surprise announcement about Rumsfeld's departure, and you've got a strange brew. Surprisingly, Wall Street seemed to like the way the election went... at least in the short run. The question is "Will Wall Street like what the Democrats do with their newfound power?" Stay tuned! Dow +19.77 NASDAQ +9.06 S&P 500 +2.88