Plus that little inconvenience, the Euro, of which France is just a part of and he cannot print at will. He will be forced to break his promises rather quickly, but oh well, he got elected.
The euro was down for a week compared to USD prior to the election. If Hussein is up in the polls in the two months prior to the election, we will likely see a pretty decent market drop prior to November. Right now companies and investors are preparing for a long winter. The long term investors have left a long time ago. The short term traders and some companies are still scurrying around gathering acorns before the big drop comes. The problem now is with the French election results and the debts crises in Greece, Spain, Port., Italy, that timetable may have to be moved up for the short-timers, because this thing has a chance to snowball.
But, bad economic news around the globe and in the US is good news for November.
There’s a photo making the rounds on Twitter this evening showing a large number of Ferraris lined up along a roadway, and purporting to depict luxury car owners fleeing France for Switzerland in response to the election. I suspect it’s a fraud.