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 ...
The markets are going to crash because Obama’s Fed Res will be replaced and the worldwide coordinated QE will be evaporated leaving nations with no way to pay their debt. Debt will have to be written off by re-issuance of currency in every nation. Paper notes will be of no value if not turned in by a certain date; old coins may be of national or intrinsic valuations to collectors. This has been expected and forecast for over four years by the pundits, that 2017 would be a Yuge Slump in the Markets, no matter who was “selected”/elected.
Fear mongering.
Oh, poor crooked elites...
Goldman Sachs is nervous.
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