Good morning. It is 50 degrees and mostly sunny here in the Upper Hudson Valley, the forecast predicts rain today and temperatures in the mid 60s this afternoon. Only 6 miserable days left before the election. As we know the election is tightening yet Clinton still maintains a favorable position. On the bright side of a Clinton potential victory, this morning The Princeton Election Consortium gives Clinton a 99% chance of winning, and The New York Times Upshot gives Clinton an 87% chance of victory. Now explain to me if you are a Clinton supporter how you would feel if those numbers gave the same chances of winning to Mr. Trump.
At 9:15 a.m. ET futures are moderately lower and the price of oil per barrel is down now trading around $46 a barrel. The market is poised to open moderately lower.
Would you just look at how the market is responding to a tightening presidential race. Wall Street is set to tank if Trump wins. This could be a very hard wave to ride if he wins. I would suspect we go right back to 2008, real fast.
CNN:
Stocks' losing streak; Fed watch; earnings galore by Alanna Petroff
If Donald Trump wins the election, U.S. stocks (and likely many other markets overseas) are forecast to tank as investors flee to the safety of gold and bonds.
2 comments:
Yet the newspapers talk endlessly about panic in the Dem. ranks. Go figure? If I had an 87% or even a 71% of losing like tRumpf I'd be the one having a panic attack, not Hillary. The real story is Hillary is running the clock out on Donnie just like she did to Bernie 5 mos. ago. Yes, he's gaining at this late date, but he's miles behind her and the track is rapidly running out and there's no second place.
The media likes a close race, it sells, and makes them look 'non partisan' and 'fair'. They do not want to alienate millions of GOPers. If you listen between the lines you hear exactly what you are saying. A lot of the Dems concerns are the down ballot races because a Clinton presidency without one of the houses is a super disaster. The thing of it is, the GOP does very well in the off election because Dems don't come out to vote in the off election years. Plus in 2018 many more Dem Senate races are up for grabs than this year, so we're looking at 4 years of utter degrading deadlock because the GOP will win back the Senate in 2018 if they lose it this year. Yet this is far more favorable than to the deconstruction/annihilation of a Trump presidency.
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