President Obama has won a second term. QE3 will most likely continue and help to support the stock market. For now, stock futures look calm with little reaction. The stock market likes certainty and the end of the elections will provide part of that certainty.

Now the next challenge turns to the fiscal cliff. There may be stock market ups and downs until this issue is resolved.

Well it just shows how quickly the markets change. Obviously, the markets were a mess today. Perhaps it had to do with the European debt crisis with Germany reporting problems with economic performance. Or it could have been that the market started to look ahead and focus on the looming fiscal cliff.

Hopefully, with the elections out of the way, some of these issues can now be dealt with soon.