We're not in the biz of making predictions but when the smarter denizens of our blog community offer insight backed up with evidence, we take notice.
Like it or not . . . Financial concerns underlie just about every decision.
Accordingly . . . Here's a bit of financial wisdom about people voting with their wallets . . .
Stock Market Dooms Clinton
As of Friday's close, minutes ago, the SP 500 has now closed lower for 9 consecutive trading days.
This is the longest losing streak since DEC 1980. Nearly 36 years!
Not exactly what you'd expect to see happen in the days before a national election, if the populace are content, and the incumbent party is to maintain control of the White House.
So, Hillary Clinton and the Democrats will likely receive a pink slip come Tuesday. You're fired!
In Missouri, this is good news for Eric Greitens and other Republican candidates. In the U.S. Senate race, it's a little trickier, as Senator Blunt has been effectively challenged as a "Washington insider" by Democratic challenger Kander, who purposely fails to mention his party affiliation and past in the MO House and Secretary of State's office. That he reaches back 10 years to his couple of months service in Afghanistan, speaks volumes to his strategy of posing as an outsider, in this year of the angry electorate. Blunt should prevail, as he's coalesced a tactic of painting Kander as an Obama/Clinton clone.
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You decide . . .
HS students in ECon 1 understand the market slip has been due to factoring in a 10-25% chance of Trump winnning over the last 9 sessions, which was 0 before Comey took a crap on the election.
ReplyDeleteYou might consider spending 20 minutes at CNBC or Bloomberg in lieu of the porn sites if you want to understand market volatility.
Or, if you goal is to harvest site clicks, I stand corrected.
investors know the fed's monetary hype to the economy will end after the election.
ReplyDeletethe market may have withdrawal symptoms and they may have already started.
@8:41. If you're trying to be a good propagandist, you need to come up with a better example to further your cause. Anyone with an Economics background knows that 9:14 stated the gist of the reason; the end of the Fed pumping is coming.
ReplyDeleteThey also know that CNBC's credibility took a huge hit when WikiLeaks exposed the collusion between the Clinton campaign and CNBC lead anchors John Harwood and Becky Quick.
That bastion of liberal thought, the Wall Street journal, is about the best source for this issue.
ReplyDeletetrump benefits from his base because his supporters can't tell the difference between a 401K and a 357.
PARTY LIKE IT IS 1980 AGAIN.
ReplyDeleteIs that all your Show-Me Institute money? Neat!
ReplyDeleteStandar Akbar, Allah is great.
ReplyDeleteFuck Clinton. And her raping lying Husband.
ReplyDeleteWho by the way brought us NAFTA and the loss of 1 million jobs to Mexico.
8:41 comment
ReplyDeleteHaHa!!! You obviously never took Economics or you failed miserably.
Trump has a 10-25 percent chance of winning? Wrong again!
According to the stock market's performance, which was the topic under discussion, Trump has an 86 percent chance of winning the Presidency. This is based on a stock market model using actual historical data. It's been widely followed within the financial community.
You apparently are getting all your news from the corporate media colluding with the Clinton Crime Family.