The market doesn't care who wins...unless it's Donald Trump, lol

gftChris

Came across this:

mjp28

IF they're still counting votes overnight the markets will go nuts Wednesday am.

Oh the US stock market hours 9:30 am to 4 pm....but the world trades 24/7 basically.

jbluhm86

Quarter after midnight: Dow futures has lost almost 800 points. Markets across the world are starting to crash.

MAGA?

bbedward

@jbluhm86 said:

Quarter after midnight: Dow futures has lost almost 800 points. Markets across the world are starting to crash.

MAGA?

same thing happened after brexit and everything was fine a week later

jbluhm86

@bbedward said:
same thing happened after brexit and everything was fine a week later

This is alot bigger than Brexit, so we'll see.

MLD Woody

They said it was the worst hit since 9/11

White Dog

The market crashed before the results numbnuts

bbedward

> Hillary is a better president because wall street

Westside Steve

Come in off the ledge boys the market will come back.

WSS

DieHardBrownsFan

MSNBC was actually quite good this morning until they had the thug Rev Sharpton on.

gftChris

@bbedward said:
same thing happened after brexit and everything was fine a week later

Define 'fine'?

Westside Steve

@diehardbrownsfan said:
MSNBC was actually quite good this morning until they had the thug Rev Sharpton on.

Yes the tone of the show surprised me but not Reverend Al.

Of course neither did Donny Deutsch wailing and gnashing of teeth.

WSS

mjp28

@westside-steve said:

Come in off the ledge boys the market will come back.

WSS

What a short covering comeback. I've been watching the markets since about 8 am not really that long before the 9:30 am opening the DOW 30 came back from -800 to -200 but shortly after the bell it leveled out.

10 am the DOW is +35 and the S&P and NASDAQ are similarly up fractionally about 0.12%.

BUT the overseas markets still a bit more uncertain about what's really going to happen to them in the long run.

Ironically the overall market is better than after the 2012 election.

SO WHAT DOES IT MEAN? Nobody knows for sure, will your 401(k)s and other investments take a long term hit? Will there be a recession or will the DOW hit 20,000 or higher.....nobody really knows because the election results were totally missed by the polling and media BIG TIME.

I say if you're a trader be really alert for the fallout BUT if you're like most of us and long term buy and hold I'd wait a little bit before making any drastic changes. We will have to see how our overseas friends and enemies react to all of this, they were probably more shocked than we were.

In other words it's still the market we really don't know.

Whoops 10:20 am were now down fractionally, some things never change.

gftChris

Basically, nobody has a god damn clue what's going to happen with the US economy, and any or all of its trading partners, so a lot of people are executing flights to safety. That means basically gold, global reserve currencies and some 'safe' stocks will go up, except the main global reserve currencies were, until earlier this year, USD, GBP, EUR, JPY, with secondaries being RMB, CHF and CAD. Obviously a flight to USD is out of the question. GBP and EUR are in the midst of their own periods of huge uncertainty so that's out. So basically, JPY and gold are seeing big spikes, and other currencies and indices are suffering.

This will hold now, after the bounce, for maybe 6 months or something, give or take, until it becomes clear what Trump's policies are and how they will affect global trade.

mjp28

@gftchris said:

.....Obviously a flight to USD is out of the question.....

This will hold now, after the bounce, for maybe 6 months or something, give or take, until it becomes clear what Trump's policies are and how they will affect global trade.

I would not discount the USD quite yet, it's still the world currency and the rest of the world has many problems of their own.

And yes between now and January 20, 2017 we all will have to wait for more details and policy positions, what the Fed does, winners and losers on Wall Street and more.

An old favorite saying of mine "winners tell jokes and losers say deal"....we have to wait and see how this all falls out.

gftChris

Given how much talk there's been about trade deals from Trump - ripping up existing ones, creating new ones etc - it's difficult to be bullish on the greenback any time soon. Not because it's expected to go down, but because who knows what's going to happen?

OldBrownsFan

Some of you guys know more about the stock market than me but it seems to me it would be a good time to buy some stocks. What Trump is proposing with less corporate taxes, eliminating Obamacare and less regulations seems like it would produce an economic boom. Right now the market appears to be responding to uncertainty...;

gftChris

It depends what stocks. Honestly it's probably a good time to by Trump stocks because whatever happens you know his company will benefit.

bbedward

@gftchris said:
It depends what stocks. Honestly it's probably a good time to by Trump stocks because whatever happens you know his company will benefit.

His company is privately held

OldBrownsFan

People panic and sell. Is the panic justified? I don't think so. Trump is going to have a very business friendly administration. It seems like as those panic and sell and stock prices dip it might be a good time to buy...although I wonder how inflated some of the stocks are already?