Stock markets are not handling Election Night well.
Futures for the Dow Jones Industrial Average DJIA, +0.40% plunged as Republican presidential nominee Donald Trump’s lead widened in the presidential race against Democratic rival Hillary Clinton…
Dow futures YMZ6, -4.11% fell 750 points before modestly paring gains. They were down 728 points, or 4%, at 17,554 in recent trade. S&P 500 futures ESZ6, -4.71% were down 97.25 points, or 4.6%, at 2,038. Meanwhile, the Nasdaq-100 futures were off 220 points, or 4.5%, at 4,584.
If you think about it, since every establishment President more than doubled the national debt, a Hillary Presidency would have put about $25 trillion in debt on the US books. That money would not have enriched you or me. It would have enriched all of the corrupt establishment cronies who run all the businesses plugged into the establishment. Imagine how much money that is, flowing into those businesses.
If Trump pulls the plug on that rape of the nation’s finances by the elites, you can bet the elites who own the big businesses are going to begin to horde their money to survive the harsh times that a Trump Presidency will represent for them specifically.
That fear among the corrupt big moneymakers could trigger a mini-Apocalypse, until Trump’s deregulation efforts begin to supercharge the economy.
[…] Dow Futures Plunge 750 Points […]
The vast majority of SoCalled Americans have no idea what happened tonight.
Markets tanked immediately after the Brexit vote as well, but returned to normal as soon as everyone realized the world was not ending after all.
Outside events like elections have no meaningful or lasting effect on stocks; neither do natural disasters. Stocks appear to “need” another move to new All Time Highs to complete an Elliott Wave impulsive pattern. No way to know for sure if this will happen, but Mr. Market often delivers these sorts of denouements.
We now sit at the foot of a Mt. Vesuvius sized pyramid of molten-hot debt that was piled so high these past 35 years that it virtually blots out the sun. We have now elected a new mayor of our Pompeii, and sadly, when the bond bubble blows its top, it will be human nature to blame the current mayor despite his having not one damn thing to do with it. We know that no pundit or “expert” will recognize that neither Clinton nor Trump could possibly continue the 8 year borrowing binge of Obama that was used to paper over the 2008 SHTF revelation of our financial system’s obscene rot. https://fred.stlouisfed.org/series/FGTCMDODNS