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GOP Could Win House, But How About Senate?

It’s widely believe that the GOP stands a solid chance of winning the House in November but how about the Senate?

That’s the latest chatter on the Street.

Most analysts believe Republicans can wrest 39 seats from the Dems and win control of the House of Representatives.

And typically the incumbent party struggles during mid-term elections (that’s the Dems) and a lot of data suggests that’s going to be the case again this year. For example, according to Intrade, chances of Republicans winning the House have reached 75% probability.

But the Dems also control the Senate. How about that?

According to the New York Times, not so likely. According to their latest poll although it appears likely Democrats will lose seats, they will still remain in the majority.

Ed Mills of FBR Capital Markets tells the desk much the same. Dems will probably lose the House but not the Senate.

Check out our entire interview with Mills. Find out what he says happens to the all important Bush tax cuts. Watch the video now!


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Trader disclosure: On Aug 30, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Terranova Owns (AXP), (GS), (IBM), (QCOM), (AAPL), (GOOG), (BRCM), (TER), (MSFT), (C), (MRVL), (BMO), (V), (POT), (OXY), (GLD), (SU), (FCX), (APA), (XBI); Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Pete Najarian owns (SCCO); Pete Najarian owns (TCK); Pete Najarian owns (PFE); Pete Najarian owns (CELG); Pete Najarian owns (CNI)

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