It’s the Saturday before Election Day on Tuesday. Granddaughter Emily’s school will close that day, as they fear violence, due to the close nature of the race. Oh puhleaz…

There has been an ongoing ‘debate’ (polite word) about the outcome for about 10 days now. Poor little Nate Silver, the statistician (NOT pollster) who blogs for the NY Times about the national elections has been on the hot seat with pundits whose living depends on it being a ‘tossup’.

Nate has indicated all along this is no toss up. Barack Obama’s odds of winning have exceeded Mitt Romney’s the entire time. Sometimes the odds heavily favored Obama – sometimes the odds were close…but they always favored Obama. So what’s left to say?

Yet every media outlet in the country is shouting that it’s a toss-up, “photo-finish” (implying the two candidates are horses, running down the track with their necks straining to cross the line first)…Yeah…

So, here are the Great Olsini’s lucky seven predictions for next week and beyond:

1. Barack Obama will win a second term as President of the United States. After he wins Ohio, the race will be called for him by Wolf Blitzer of CNN shortly after 10:30 PM, but only to allow time for the polls in California to close.

2. Claire McCaskill will be re-elected for a second term as a Senator from Missouri. Todd Akin will not run again.

3. Joe Donnelly will be elected a Senator from Indiana. Richard Mourdock will be divorced by his wife and will spend eternity bitterly try to explain what he REALLY meant about that ‘children of rape are a gift from God’ thing…

4. The House will remain in the hands of the Republicans, however the Tealiban will no longer hold sway over the Republicans in the House. Those fellows will recognize their vulnerability in 2014 unless some things change in Washington, and they really do want to elect Jeb Bush in 2016. Say goodbye to terror in the House…

5. The negotiating power will now be in the hands of the Democrats. I predict this fact will be lost on the Republicans, and Obama will play Brer Rabbit…oh please let’s not go over that fiscal cliff…oh please…oh, we went over that fiscal cliff. Now what? Maybe we really do need those tax increases for the wealthy…the clock is ticking big time on those defense cuts…let’s see what we can do together…

6. As we approach the deadline for the fiscal cliff and pass it, there will be a major correction in the stock market. This is inevitable as most commenters are suggesting that you sell your winning investments prior to the end of the year so you don’t have to pay a higher tax rate on capital gains. So my end of the year prediction for the Dow Jones Industrial Average? It’s currently at about 13,120. I predict the Dow will be at 11,000 at midnight on December 31st.

7. And I saved the best for last. I predict Emily and I will win the “Why Investing Is Important to Me” video contest sponsored by the Motley Fool next year. We’ll be prepared with a much better explanation of dividends next fall…