The wait is over. The presidential election is complete, and with fears of a repeat of the Gore-Bush 2000 fiasco quashed, the market rallied with the definitive outcome.

Most observers agreed that a swift conclusion to the election, with either candidate taking the prize, was paramount to calming Wall Street's jitters. With the eventual results increasingly clear as the financial world awoke on Wednesday, the markets greeted the news that an election disaster had been avoided with relief. George W. Bush had not only won the popular vote 51% to 48% but also had a stranglehold on the key swing state of Ohio and its 20 votes in the electoral college, vaulting the incumbent back into the oval office for four more years.

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