The Iowa caucuses were a victory for pundits. But many will continue to mislead about what's really going on this election –– or be oblivious to its realities.

OK, Monday night certainly didn't pan out for those predicting a coronation for our not-so-benevolent wannabe dictator Donald Trump. Iowa voters treated analysts skeptical of the billionaire Republican's true appeal to a healthy heaping of schadenfreude.

But, as usual, the two main storylines emerging from the Hawkeye State (where I lived for 10 years) reflected long-established conventional wisdom. The first is that Marco Rubio really won the GOP contest (not Ted Cruz, the actual winner) by beating expectations by finishing third (and almost defeating Trump). The second is that Hillary Clinton's near-death experience with Bernie Sanders proves she's facing a Herculean task in winning the Democratic nomination.