QUICK TAKE

My take; the big winner of the night, besides the democrats/Schumer/Pelosi/Rham/CNN etc, is TRADESPORTS.COM which if Virginia and Montana fall to the democrats, as appears likely, they will have called each and every Senate race correctly. In 2004, they called each and every state correctly, so why bother vote, just watch the gamblers.

Take number 2, the futures are not exactly getting crushed this morning, the DJIA Futures are down 24, SPX Futures lower by 5.25 and NDX lower by 6.75. Hardly a watershed event.

I suppose if you polled CNBC "journalists" yesterday and told them the republicans would lose the House by 35 and the Senate would flip 51/49 they would NOT have responded "DJIA Futures would be down 24." The important point will be where the major market indexes close at the end of the week and the end of the month. I suspect that the numbers this morning are a sale.

Did the market know this was going to happen? Not sure as the Markets went to NAZ 5,000 six + years ago, so I am not so sure the markets are all knowing as most like to believe.