INSTANT VIEW 9 - Obama wins U.S. presidential election

SINGAPORE (Reuters) - Democrat Barack Obama won a gruelling two-year struggle for the White House on Tuesday, U.S. media projected, beating Republican John McCain to become the first black president in U.S. history.

Following are analysts' comments:

MARKETS

ALAN LANCZ, PRESIDENT, ALAN B. LANCZ & ASSOCIATES INC, AN

INVESTMENT ADVISORY FIRM, TOLEDO, OHIO:

"A lot of this (Obama win) was already discounted in the market. You never know what's going to happen but basically I think any follow-through rally will be unsustainable. You might get a little euphoria with a big victory, but I don't think it's going to be a metre-changer."

WILLIAM LARKIN, PORTFOLIO MANAGER, CABOT MONEY MANAGEMENT,

SALEM, MASSACHUSETTS:

"There is an uncertainty that is now behind us: worries about the election being too close or drawn out. People will be looking to see how Obama puts his cabinet together and the people he puts in place to deal with the housing problem. For Treasury Secretary, I am hoping he brings in a real heavy hitter."