Posted on 11/09/2016 2:20:32 PM PST by The KG9 Kid
U.S. stocks surged more than 1 percent Wednesday with financials and health care leading after Republican Donald Trump won the presidential election, defying market expectations for a Hillary Clinton win.
The day's rally took the major averages within 2 percent of their all-time intraday highs, and marked a stunning recovery from a sharp plunge in stock index futures overnight. Trade volume Wednesday was roughly 12 billion shares, the highest since the surprise U.K. vote to leave the European Union in June.
"Overnight was all about uncertainty. Today we know" the result," said JJ Kinahan, chief strategist at TD Ameritrade. He said part of the day's rally was fueled by short covering, and that volatility will likely continue as traders eye Trump's potential Cabinet picks.
(Excerpt) Read more at cnbc.com ...
Financials lept 4%. Best day in five years. New exposure to health care stocks caused a similar market jump, worldwide.
Nasdaq closed 1.1% higher, as did the S&P 500.
The Mexican peso closed down 8% against the dollar.
I'm sure people much much smarter than me with real money to invest just sucked a hurricane of hundred dollar bills out of the portfolios of left-leaning investors who spooked on the news of an 800-point drop last night.
Try to imagine being 10% richer in one day of trading if all you didn't do was stampede for the exit doors and bought up everything the suckers were trying to unload to cut their anticipated losses. Very much like the final scene of 'Trading Places' where Eddie Murphy and Dan Ackroyd are casually buying up shares like they have all the time in the world while a crowd of traders panics around them screaming "SELL! SELL!".
Will be interesting to see what Tokyo does over night.
One more example of mistakes, by supposedly intelligent sophisticated people.
Add this to the list of the things the media got wrong
When it comes to BS, everyone’s got something to say.
When it comes to money, everyone is eyes open and mouth shut.
Trump is clearly a welcome figure for those interested in dollars - despite all the pre-election gnashing of teeth on the part of America’s liberals and other financial Pandoras.
DO NOT WANT TO KNOW WHERE SHE KEEPS HER iPOD!
WAIT!!! WHAT??? All the enemedia outlets PROMISED the markets would crash if Crooked Hillary wasn’t elected.
Trump boosted my portfolio almost 34K today.
In the wee hours of the morning, there were reports in the MSM that the Dow futures were indicating a drop of 900 points at the open.
Another crock of excrement from the elites.
No different than what they tried to pull with Brexit.
Same exact playbook. “If you vote against us, you can just kiss your retirement portfolio good-bye! You got that, Clem?”
I haven’t seen any explanation from the media of their months of crying markets would crash if Trump won.
None.
Businesses are happy that they no longer have to pay shakedown money to the Clinton Crime Cabal.
Stocks Battle Back: Dow Flirts with Closing High After Stunning Trump Victory
By Victoria Craig Published November 09, 2016 Stocks FOXBusiness
Wall Street isn’t afraid of a President Trump – at least for now.
The Dow Jones Industrial Average came within 49 points of a new record closing level on Wednesday, hours after Donald Trump was elected president of the United States and hours after financial markets had a brief panic attack which sent stocks spiraling.
It was a stunning conclusion to what had been an exhausting 2016 presidential election. In the wee hours of Wednesday morning, Trump — the Republican nominee — had clinched the White House, but the dramatic Brexit-style carnage expected in global markets in the wake of his win failed to hold as Trump called for the country to unite in the days ahead. As equities rallied back from steep overnight losses, bond yields reached their highest level in three years.
To summarize: Another in your face win by Trump over the GOPe/DEMe and $%oreA$$ suckups!
You forgot her new Iphone 7!
Obama day after election day
2008: Dow down 486
2012: Dow down 313
So already Trump is better for the country
The dumbest people I know have degrees from Stanford, Harvard, Yale, etc.
Personally, all I want is a picture of Mark Zuckerberg crying in a fetal position.
YOU’RE A JEW MARK NOT A BUDDHIST KNOCK IT OFF AND BE A MENSCH
It wasn’t an “uspset”. The MSM just wants us to think it was. In their world anything that results in a defeat of liberal policies is “unexpected”.
Unexpected
(Checking portfolio) Oh. Oh, well, then, never mind...
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