Contrary to the expectations, the Democrats have not been trashed as badly as expected.Holding on to the Senate is a major face saver for Obama.
Mid-term elections are just a milestone onto re-election 2012. The present results may mean that QE-2 is just a damp squib. The probabilities increase of a lower QE-2.
If before elections it was 80 % in favor of big bang and 20 pc in favor of less, now its 60-40.( 60 pc big bang, 40 pc small amount)
Technicals indicate upmove. Keep watching for updates as we go.