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 ...
This headline by IBD is really disingenuous and misleading.
The FBI has never said his election will tank the stock market. That is just pure supposition from the writer of the article. If there was such a thing as an Honor Council for Journalists, he should be perp-walked in front of it.
These the same people who predicted stock falls with ‘Brexit’, shortly before they shot back up again past their pre-Brexit levels?
I call BS on this.
Load.o.crap!
So, in other words, Globalists will throw a tantrum if the Globalist Progressive doesn’t get elected. I’m shocked! Shocked, I say!
What will the stock market do when Hillary starts WW4 with Russia?
Buying opportunities abound in the stock market.
manure spreader
Stocks are falling already.
Supposedly a bad sign for the party holding the White House.
The reason the market may go down is because it is over valued based on the support of the fed through artificially low interest rates and other measures. Trump will fire Yellen creating instability and the market will adjust.
Just seen on Drudge that Hillary would cause problems for the stock market.
Brexit hysteria all over again.
I never read that, and I do not think the FBI is in the business of market predictions.
This jacka$$ is just trying to help manipulate public opinion into not voting Trump.
What the hell does the FBI have to do with the stock market?? Smells like bee ess to me
Trump cannot fire Yellen. That job is a six year appointment not subject to firing, non-political you know. Nor can he fire the Director of the FBI for the same reason.
All that can be done is not re-appointing them and I think Yellen was just reappointed a year ago or so.
I kept looking for an FBI connection to this supposition but could not find it. IBD often throws out opinions as facts.
Fringe lunatic Liberals’ bag of tricks may be empty.
I just read a headline on another “news” site that Hillary’s path to 270 electoral votes is secure despite the polls. The left and the globalists will become more frantic and desperate in the coming six days.
Stocks go up and down all the time, for a wide variety of reasons.
If it bothers you, then you should put your money in a savings account.
I do not have a single dime in the stock market. I am invested entirely in precious metals, including, but, not limited to lead copper and brass. The stock market is to risky for my taste.
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