Editor's note: This article originally appeared at 7 a.m. on Nov. 8 on Real Money, our premium site for active traders. To get great columns like this from Jim Cramer and other top columnists earlier in the trading day, click here.
"It has been said that democracy is the worst form of government except all those other forms that have been tried from time to time."
-- Winston Churchill
On Monday, the market placed its bet that Hillary Clinton will win the Presidency. After nine straight down days, the S&P 500 recovered the bulk of its losses, but we will find out today how confident the market is in its predictive abilities.
Trump supporters are focused on how the polls incorrectly predicted the Brexit result and there is much chatter about "secret" Trump voters that have kept silent rather than be confronted for their politically incorrect views. Most polls predict Hillary will win, but there are many that are predicting an upset.
What does the new administration mean for Wall Street? Jim Cramer's first reaction to the election is live on TheStreet's Facebook page Wednesday morning at 8 a.m. ET. He joins our team of reporters along with experts and analysts tracking the markets with us.
It isn't just the presidential election that matters. The Senate will be tremendously important and the polls have control almost dead even. The Republicans are expected to maintain control the House of Representatives but a landslide victory by Hillary could change that outcome.