Iowa Electronic Markets Predict Gridlock

Traders on the UNIVERSITY OF IOWA ELECTRONIC MARKETS - a futures market with a poll-beating reputation - are betting 77 percent on a Democratic takeover of the U.S. House of Representatives in next week's midterm election. The numbers also show Republicans retaining control of the Senate. For stock strategists and ordinary investors weighing the impact of elections on markets, that means investors are looking ahead to a divided government in Washington for at least the next two years. On Wall Street, that usually spells g-r-i-d-l-o-c-k. Versions of this article also appeared on the Websites of several other media outlets.