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Author Topic: So, CNBC runs this article...  (Read 264 times)
Mike Irwin
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« on: November 13, 2019, 10:53:23 AM »

saying that investors are concerned that Wall Street will absolutely crash if Elizabeth Warren is elected president.

The article points out that the same thing was said about Trump at the time, but that it didn't happen. Obviously they're trying to infer that "hey, Ms. American Indian isn't to be feared because we survived Evil Orange Man (EOM) Markets!"

Only problem is... EOM never spent the better part of a year screeching about the multi-faceted evils of billionaires, capitalism, and Wall Street all while laying out very detailed and specific plants to actually destroy billionaires, capitalism, and Wall Street.

Funny, but Trump's policies never included wealth redistribution taxes on billionaires, fundamentally higher taxes on millionaires AND the fantasy that you can give everyone free health care costing trillions without raising taxes.

And let's not forget about everything else that she thinks is a (EXPENSIVE, GOVERNMENT PAID) "human right..." Child care, higher education, and pretty much limitless immigration to anyone who can get here...

https://www.cnbc.com/2019/11/13/investors-see-sell-off-if-warren-wins-they-said-the-same-about-trump.html
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MechAg94
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« Reply #1 on: November 13, 2019, 06:36:08 PM »

https://www.investing.com/indices/us-30-historical-data
Looking at this data, the stock market Dow Jones average started trending up as soon as Trump was elected and kept going.  That tells me most investors were positive about Trump getting elected, not negative.  This didn't start a couple months later.  It happened immediately.  Remember, almost no one was expecting Trump to win so I doubt very many people were making moves assuming that would happen.

I seem to remember some people saying stuff like that about Trump, but I think it was the typical NeverTrump types who never had anything good to say about him.  I think there were people who thought clamping down on immigration would cause problems.  Just like every time Trump started the process of renegotiating trade deals with different countries someone was always there to say the sky was falling and he would trigger a global trade war and a 2nd great depression.  


On Warren, she (and other candidates) have gone overboard with all the govt funded promises they are making.  I don't know if she really plans to do all that stuff or she is just making the most leftist promises she can in order to get an edge in the Democrat primary.  I am leaning to her really planning to do that stuff.  I kind of think many Democrats lawmakers won't even vote for it, but maybe that is giving them too much credit.  
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makattak
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« Reply #2 on: November 14, 2019, 05:55:54 AM »

The markets are forward looking

The markets are forward looking

The markets are forward looking


What this means is that IF it looks like Fauxcahontus is going to win, the sell-off will happen before the election. (It's very possible that Obama's likely election may have been the impetus for the collapse just prior to his election, for example. Note, there were a lot of other factors in that crash, and it would have happened eventually, but his impending election may have been the trigger.)

Because Trump's election was a surprise to almost everyone, it wasn't already priced into the market. The market, in fact, had priced a Clinton presidency into their calculations and, as a result, when an unexpected GOOD thing like Trump getting elected happened, the market had a LONG way to go to react to that.

The people who said the market would crash were just wish-casting. Investors know which party will be good for growth and react accordingly.
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ôWisdom is the right use of knowledge. To know is not to be wise. Many men know a great deal, and are all the greater fools for it. There is no fool so great a fool as a knowing fool. But to know how to use knowledge is to have wisdom.ö
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