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Regardless of who gets elected in November, the markets will drop and then see a correction. I'm holding on to cash in preparation to pick up some more of my favorites.:biggrin-new:
Stock market jitters after US election. Time to buy
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You think so?
I'd think a Trump win would result in a plunge followed by an indeterminable period of uncertainty (never a good thing for the markets).
& a Hillary win would signify business as usual to the markets, which would result in a small bump, that's my guess anyways.
I'd think a Trump win would result in a plunge followed by an indeterminable period of uncertainty (never a good thing for the markets).
& a Hillary win would signify business as usual to the markets, which would result in a small bump, that's my guess anyways.
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Yes, a Hillary win will give us a drop and then it'll be back to normal. Trump will be a longer drop, as you say. In that case gold should go up.
Don't think the markets are pricing the possibility of Trump's win because the likelihood is so low. If the odds change then I would expect a large drop. Clinton is already priced into the markets. Everyone is assuming that she won't actually implement the anti-business policies which she talks about to win support on the left.
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As much as I dislike Trump, I'd love to see him strike some fear into the Federal Reserve and prompt them to end their 7 year pump job of stock & bond markets.
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He's made a lot of grandiose statements regarding taxes, free trade deals, etc. Fortunately, he can't do all that much without Congress.
I heard Trump say he wants a large corporate tax cut and a large personal income tax cut-he isn't exactly Bernie Sanders.
Yeah and Mordko doesn't find his hair sexy either.
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I think it's preferable to the alternative, which would be the Great Depression Part 2.
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I wasn't aware that hair was made out of polyester.
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To be very clear on this ... I don't want Trump to be elected.
But I've heard some historians talk about this and I agree: Trump is a symptom of the disease, not the root cause of the disease. Even if he isn't elected, there will be more like him and his type is not going away soon. USA and Europe.
But I've heard some historians talk about this and I agree: Trump is a symptom of the disease, not the root cause of the disease. Even if he isn't elected, there will be more like him and his type is not going away soon. USA and Europe.
That is only half the story-Crooked Hillary is (according to all the polls) the most despised and hated person to ever get this close to being elected POTUS-does that not make Hillary Clinton a symptom of a disease, in this case a political power structure totally isolated and removed from the public? How is possible no one more acceptable to the American public was put forth by the DNC?
I think no matter who is elected there will be a big drop in the stock market. With a Trump win it will probably start right away and if Hillary wins it may take a little longer. The Fed must print huge amounts of dollars and at the same time manage the illusion that US debt and the dollar are sound and that extremely low interest rates are warranted. If rates go up it is game over and everything is going to come apart and may anyways if a banking crisis takes hold, starting in Europe.
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I've worked for some smart US business people and even though I didn't necessarily like or agree with them all the time, they did get the job done and often much better than I would have expected. With a Rep congress it might be possible Trump could get things done and possibly address some of the serious issues facing the US, like cutting the US debt, Social Security, Healthcare. The rest may be bull for the gullible.
I was listening to Micheal Campbell on the radio yesterday at 5PM and he explains in simple terms what to expect with the candidates and the markets. Change the date to Sept 28 and the time to 5PM and then skip to the 14:30 mark to listen.
http://www.cknw.com/audio/
http://www.cknw.com/audio/
A corporate tax cut is probably one of his brighter ideas. He want to bring billions home that American companies have been leaving overseas, and a lower tax rate will help. Taxing companies is like taxing consumers because the company will just raise prices to cover the tax expense.
He also complained about the Mexicans with their VAT that in his view taxes American products in their country, but Mexican products aren't taxed in US. So he want to tax Mexican products. don't know how this tit for tat strategy will pan out.
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