Prices will settle in a few months. No bans are going to happen with a republican run house.
Now.....when the 2014 elections come up, I'm betting the republicans will not have control of the house or senate anymore. They will likely be voted out of power.
After 2014, the democrats will likely push a nonpartisan awb bill through since they wont need a single republican vote to get it passed into law.
So my advice is to not worry, and wait for the prices to go back down for now. But make sure you've got what you want before 2014.
But if your wanting to sell something anyways.....now is the time. Stuff is going for 150-300% the price it should be selling at (things threatened by the awb proposals anyways).