Posted on 11/02/2016 3:51:41 AM PDT by expat_panama
FBI Director James Comey may or may not have bungled the investigation of Hillary Clinton's email, depending on one's point of view, but his October surprise on Friday did bolster the argument that stocks are in for a bout of selling if Donald Trump is elected.
Just how much major stock indexes would fall is unclear, with various estimates ranging from about 5% to 12%. But those estimates came before the S&P sank 0.7% on Tuesday to a near-four-month low amid Trump's continued rise in the polls. The size of a Clinton relief rally is likely to be much smaller because markets have priced in the likelihood — though a diminishing one — of a Clinton victory...
...financial market ripples have been modest because Trump has remained a significant underdog throughout the campaign, with markets pricing in more or less tail risk of a Trump presidency as his prospects rise and fall.
The latest turn hit markets at 1 p.m. ET on Friday, sending the S&P 500 down 1% over the next hour...
...Gold shares were the rare beneficiaries of Trump's revived hopes, with Newmont Mining (NEM) shares jumping 3.5% in little over an hour. Gold stocks have continued to rally.
IBD'S TAKE: Divided government, still the election's most likely outcome, was good for the stock market under President Obama and Bill Clinton, but will it be again? Quite possibly, but...
...a Trump win would cause stocks to fall 8%, while a Clinton victory would lead to a 2% rise.
Yet such predictions carry a high degree of uncertainty and depend on other electoral outcomes. For example, markets may be more happy with Clinton as president if Republicans control the House and...
(Excerpt) Read more at investors.com ...
But to me thinks like keeping interest rates low, forking out $85 billion/month for T-Bills and Mortgage Backed Securities (for over 6 years, IIRC) artificially propped up the market in part. But what that did was increase our National Debt by 1 Trillion dollars - that money spent on Obama giveaways and favors.
Trump stopping that isn’t tanking the market; it is bringing it back up to a level playing field in my book.
I will take it.
I guess that is what is most important, the economy. While we are losing our rights, by voting in anti-Constitutional leaders, we cannot suffer stock prices going down. s/
Buy low, sell high.
When did the FBI get into the stock market business? This is just another Democrat dirty trick. Don’t fall for it.
Today the stock market is an indicator of Asian economies, not ours; it rises when companies lay off Americans and ship jobs to Red China or India...
Actually, I would predict stocks to rise, for a variety of reasons.
The market is overdue for a correction - still bolstered by cheap money and failure to allow reality set in. Each day ensures the pain will be greater.
What does the FBI think about cattle futures, buy or sell?
Just as soon as the Democrats start selling off their shares, the bargain hunters will be there to snatch them up.
File this under “Cats will lie down with dogs.” The shit storm is getting intense. Watch out for kitchen sinks. Those hurt.
I ALWAYS turn to the FBI for my financial advice.
Doesn’t matter who wins, the markets and Fed have been propping up the Magic Negro and his minions since he was elected. Games over, there’s nuthin left
if traders took positions that benefit from HrC policies pre-election, they would have to shift out of same and reposition for Trump years. and vice versa. it’s hard to pre-position when the race is tight. no matter who wins some companies will win/some will lose.
Last week P/E ratios:
NASDAQ 25
PREFERRED RATIO 15-18
The stock is overvalued due to the government buying stock.
Nyse p/e ratio: 25
The market is in a bubble state and a correction is overdue.
The gist of the article is that there will be a buying opportunity by early December
Stocks will fall as the market needs a major correction away from government manipulation. We’ve know this for the past 8 years that the current market is grossly over priced.
If Trump wins, there are so many balls in the air from a divided country to war with Russia to the faux market value, and Global Economy....it is all poised to fall on his watch. None of it will be his fault, he is going to be the clean-up guy.
Was the author quick to blame Barack for the 10-12% stock market nosedive back at the beginning of the year?
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