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Obama wins !

Now that we are in final weekend before the historic elections, let me predict that Obama wins the election and would be 44th President of USA. He would win more than 300 electoral votes and would take couple of RED states which were won by Bush in 2004.

So now that President is decided, let's see what would happen in congress.

In house, democrats would increase majority by additional 20 seats and in Senate they will take additional few seats but would fall short of 60 seats. This would be good so that democrats don't have blank check and republicans can put some checks and balances in senate. Democrats majority in Senate could go in 55-58 range.

Markets would react cautiously till new new secretaries for important cabinet posts are announced. However most probably we had seen the bottom 2 weeks back

Have a good weekend !

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