It's official!

Yesterday's election results made official what most people pretty much expected--an Obama Presidency. There's not likely to be any huge market reaction.

Over the next week or so events the first of several events will take place. First, who will be on Obama's transition team. Those members, particularly in areas of economics, will be crucial in determining the nature of policy and the economy for the near term. After that will come his cabinet selections. That may take some time, but the posts of Defense, Health and Human Services, Labor, Education, Commerce and of course, Treasury, will be highly important to investors.