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Any PM Co that misses a number gets taken to the woodshed, while Musk can smoke the largest joint on the planet, make up his No’s and the Mkt loves him….
Washington State may be a blue state but at least it’s citizens aren’t loony enough to vote yes on prop 1631 which would have imposed massive carbon taxes on everyone in the state in support of a very dubious AGW program. Maybe there’s hope yet.
The early reaction is to sell the Dollar, which was going on before the Vote….the scum don’t like that….so they will be busy, as it looks like there is plenty of selling around.
Maybe that will help PM’s…but as soon as we saw 1236..bang in came the selling.
Yep, didn’t matter what the results the SM was going to rally.
As for pm’s this looks like yesterday, probably take it to the bank that gold will be sent back under $1230
No doubt there probably was a ton of voter fraud in the metro areas – big cities. The biggest killer though was the redistricting by Dem controlled states that took their toll on Repub House candidates.
So called SM analysts are just guessing that the scum will never let the SM go.
To be a top analyst all u have to do, is be bullish, no matter what the news is, or what is happening.
Totally agree a 250 point rally on that result is a joke….but we already see the Dollar being bid off it’s lows and Au has hit 1236 and been knocked back.
As to the election I wonder how much cheating went on…..Trump drawing unheard of monster crowds, yet more Dems came out, even though Obammer could not fill a small gym, does not compute….He should change two things, get rid of electronic voting and insist on voter ID.
and the Department of Justice has become the Department of ‘Just Us’ , giving them free rein.
I put this debacle at the feet of Paul Ryan , Mitch McConnell and the weakest of all , Jeff Sessions . Mueller has been using his positions for decades to destroy the lives of good people… a sociopath , or worse , a psychopath .
Having reviewed the possible scenarios that lie ahead, it’s time to take a look at what lies ahead for markets: to assess the medium-term market impact of the midterms and recommend trade ideas, SG strategists worked under three different scenarios according to the election outcome.
Scenario 1: Gridlock – GOP Senate and DEM House (most likely): Markets would fear that economy would be more vulnerable from now on with the absence of any further economic stimulus in the event of economic slowdown.
Scenario 2: Blue Wave – DEM Senate and DEM House: Markets would stir on speculation of a lame duck presidency and potential impeachment proceedings. Potential upside risk on Infrastructure.
Scenario 3: Red Wave – GOP Senate and GOP House (least likely): The least expected scenario for the market, which would probably trigger a short-lived risk-on environment. Trade tensions and Fed tightening will quickly be back in the market focus—-[
-[if a red wave would yield only a short term risk on environment how will a spli congress cause upside of between 11% and 14%-??]
Looking ahead, barring no major upsets, analysts at Deutsche Bank and other Wall Street banks see potential for the market to rally into the end of the year, with some analysts who were only recently calling for an extended losing streak now seeing potential upside of between 11% and 14%. But then again, with so much uncertainty between now and then, market returns – and analysts’ expectations – could shift dramatically between now and then.
Unfortunately, it looks like the democrats plan to rule by demographics will give them total control as early as 2020…and not by the by 2030 or 2050 as some demographers predicted…the newly awakened voting block of youth, minorities and suicidal, self-hating leftist whites showed their power last night…maybe the market holds together while this lame duck congress is still seated…but america will have a hellish future unless some of these naive younger and minority leftists get fed up with the destructive behavior of their peers and switch parties.
pre-mkt. stock indexes futures pop seems like a whale of a sale. The dems are already drawing up some 61 subpoenas and intend to “gum up” the white house…cabinet members are on the target list–there is expected to be many resignations…who would step up to replace them knowing they’ll go broke lawyering up? No doubt, in 2 years, there will be a republican landslide after the public sees 2 scary years of the dems far left ‘hell agenda” that they have in mind for america…but in 2 years wall st. might look like Berlin at the end of WW2…
Actionable advice
start buying now in the pre-mkt. short coverage…or take your chances and wait until the open…and see if there’s anything left of the current plus 193 DOW points…buy JNUG [or other PM stocks/ETFs]
I saw “The Clash” three times…… London Calling tour, Leicester England 1980, Combat Rock Tour Calgary 1981, Joe Strummer with the Poques Vancouver 1991
Strummer was one of a kind and Mick Jones too. Influenced my teenage years and beyond
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