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"Anti-tax Tea Party lawmakers, who are blamed by some Republicans for alienating voters, have cemented their influence and most have been re-elected to the U.S. Congress. The Tea Party movement suffered some notable losses to Democrats in U.S. Senate races in Indiana and Missouri while a half-dozen freshman Republicans who rode the anti-tax Tea Party wave in 2010 were defeated in the Nov. 6 election."

"New York City Mayor Michael Bloomberg endorsed President Barack Obama for re-election yesterday, giving the incumbent an unexpected boost from a politically independent national figure heading into the final days of a deadlocked presidential race."

The market is thumbing its nose at the S&P European down grades - Euro-zone countries raising money at lower costs - good. Today's Rally Must Hold gains though.