LONDON (AP) — Most world markets traded lower Wednesday despite strong gains in Asia overnight as investors booked profits after Barack Obama won the U.S. presidential election and the Democrats took a firmer hold on Congress. “Everyone was buying the rumor yesterday and selling the news today … The market had not only anticipated an Obama victory, but from what I’m gleaning, pretty much a Democratic sweep,” said Jack A. Ablin, chief investment officer at Harris Private Bank.—-Contact The Daily Reveille’s news staff at [email protected]