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SouthernProgressive

(1,810 posts)
Wed Nov 2, 2016, 09:35 AM Nov 2016

I attended a very conservative oriented business meeting this morning.

Talk turned to politics and the overriding theme was Trumps instability and what it has and will do to the financial markets. We had a representative from a large investment firm speaking. He talked about the fear of Trump in his industry. They fear instability. They said Clinton is more of the same which is viewed fondly.

I have not fact checked this and don't know how true it is.

He stated markets almost immediately dropped %1.5 after Comey sent his letter. He stated in his industry that alone is frightening.

He also stated our election is directly influencing Mexico's currency. Good news for Trump or bad news for Clinton alone is shifting the value.

I left with a very positive attitude. This was a conservative environment and there was no positive talk about Trump. It was all negative about him from the members.

78 replies = new reply since forum marked as read
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I attended a very conservative oriented business meeting this morning. (Original Post) SouthernProgressive Nov 2016 OP
Any good businessperson knows C_U_L8R Nov 2016 #1
Indeed-- I can't see any serious business or stock market person wanting Trump Fast Walker 52 Nov 2016 #20
Exactly. Remember the mini recession when * ascended the throne through the SCOTUS. Markets tanked Hestia Nov 2016 #57
I work in the financial industry. I can confirm. Raster Nov 2016 #2
And yet... maddiemom Nov 2016 #14
The financial markets crave consistency and a touch of well-founded promise... Raster Nov 2016 #28
Enemies will spin, but stability is crucial to a healthy nation. Hortensis Nov 2016 #52
Trump Is Also A Paid Speaker erpowers Nov 2016 #78
Businesses worldwide are watching. Trump could possible bring a collapse of every market. tonyt53 Nov 2016 #3
I travel a lot for business... getagrip_already Nov 2016 #4
YEP Cosmocat Nov 2016 #19
I find in many groups Dems keep their thoughts to themselves. Trumpsters and Tea Baggers are Fla Dem Nov 2016 #38
I share your feelings about a lady I know as well. Divine Discontent Nov 2016 #48
Exactly. Political discrimination and partisan acting out Hortensis Nov 2016 #54
Living in one of the most liberal areas of CA, I'm not exposed to this, so moonscape Nov 2016 #66
The fact is Wall Street is very concerned about a trump presidency. The vast still_one Nov 2016 #5
this to me makes sense. barbtries Nov 2016 #6
it's not the educated, rational conservatives that are voting for Trump geek tragedy Nov 2016 #7
I'm sorry, but.... WillParkinson Nov 2016 #26
some smart people are dumbasses nt geek tragedy Nov 2016 #27
Trump's campaign is run by educated, rational people; LuvLoogie Nov 2016 #30
Went to high school with one of Trump's biggest backers. Lucky Luciano Nov 2016 #40
yep, they're educated, no disputing their ability to learn and recite lessons. I just think there Divine Discontent Nov 2016 #49
My financial advisor agrees Maeve Nov 2016 #8
I've been in contact with my financial guy about it. Paladin Nov 2016 #9
Would you like to share??? I have a 403b, a few homes. I'm sick over this. nt adigal Nov 2016 #11
I can't comment on your 403b, I can comment on your homes. SouthernProgressive Nov 2016 #21
I wanted to retire this year, but still work, just a different profession adigal Nov 2016 #23
Many of my investors are selling their homes this year. SouthernProgressive Nov 2016 #31
yeah, I've been thinking about that, but haven't since a Trump win is still unlikely Fast Walker 52 Nov 2016 #22
Figure on the markets crashing by Veterans Day if Trump wins jmowreader Nov 2016 #41
this is my best guess if Trump is elected elmac Nov 2016 #51
I for one will have sell orders in to convert everything to cash the next day if Trump wins mnhtnbb Nov 2016 #77
NO ONE knows what this nutjob would do!!! Not even his top "advisors" adigal Nov 2016 #10
drumph is simply ignorant and puerile BSdetect Nov 2016 #12
I am catching a distinct split between reality and what the news media is telling us. world wide wally Nov 2016 #13
It's not so much that they're in trump's pocket... Johnyawl Nov 2016 #18
Actually, they want to sell ads. That's why they want the eyeballs watching/listening. SharonAnn Nov 2016 #70
Trump, the GrOPers, and the M$M are in the same plutocratic pocket. Coyotl Nov 2016 #24
Recall 1992.... Wounded Bear Nov 2016 #15
If we jack up the top tax rate like we need to, and leave it there for a decent while Volaris Nov 2016 #42
The owner of my wife's company is conservative but anti-Trump. Ace Rothstein Nov 2016 #16
I work in finance. Trump is mostly loathed here. Lucky Luciano Nov 2016 #17
There is a reason corporate execs refuse to endorse Trump dalton99 Nov 2016 #25
Yep. We know a multi-millionaire family who are Repubs through and through. They use those very BlueCaliDem Nov 2016 #33
Hypocrisy is the GOP's Middle Name shopgirl Nov 2016 #43
All these money people STILL only have one vote each.. annabanana Nov 2016 #32
Corporate "people" are paralyzed InkAddict Nov 2016 #34
Markets hate unknowns and instability CajunBlazer Nov 2016 #36
I have heard this again and again through the years. Corporate America doesn't like uncertainty. calimary Nov 2016 #37
The status quo looks quite good compared to Trump's Fourth Reich./nt DemocratSinceBirth Nov 2016 #39
He's the KAOS candidate, and chaos isn't good for business Hekate Nov 2016 #45
they can say what they want but how will they vote dembotoz Nov 2016 #46
I wonder who they will end up voting for...or against. TrekLuver Nov 2016 #47
I posted a couple days ago that gold will shoot up 15% if he's elected on Tuesday. He will terrify Divine Discontent Nov 2016 #50
If Trump really made good on clamping down on free trade it would hurt big businesses a lot. hollowdweller Nov 2016 #53
Interesting. Just spoke with my planner this AM about the same topic.... northoftheborder Nov 2016 #56
I used to work on Wall St. Uncertainty is ... jg10003 Nov 2016 #58
Trump is bad for everyone IronLionZion Nov 2016 #59
About the Mexican Peso -- yes, a tight correlation with Hillary's poll numbers progree Nov 2016 #61
7 straight days of stock market losses - investors fear a Trump election. However, spooky3 Nov 2016 #62
Trump will do to the whirled economy what he did to Atlantic City gambling ChairmanAgnostic Nov 2016 #65
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C_U_L8R

(45,052 posts)
1. Any good businessperson knows
Wed Nov 2, 2016, 09:43 AM
Nov 2016

Trump is a total financial disaster. His empire is built on bullshit and bankruptcies.

As for Hillary... my bank account has fond memories of the Clinton years and I'm looking forward to 8 strong prosperous years.

 

Fast Walker 52

(7,723 posts)
20. Indeed-- I can't see any serious business or stock market person wanting Trump
Wed Nov 2, 2016, 10:46 AM
Nov 2016

WAY too much instability.

 

Hestia

(3,818 posts)
57. Exactly. Remember the mini recession when * ascended the throne through the SCOTUS. Markets tanked
Wed Nov 2, 2016, 07:08 PM
Nov 2016

and they really didn't go up until PBO was inaugurated.

maddiemom

(5,106 posts)
14. And yet...
Wed Nov 2, 2016, 10:31 AM
Nov 2016

I'm already seeing some Trump supporters (on line) turning this around as proof that Hillary is only for the one percent: because her paid speeches, "one face to the public and another..." stuff.

Raster

(20,998 posts)
28. The financial markets crave consistency and a touch of well-founded promise...
Wed Nov 2, 2016, 11:10 AM
Nov 2016

...both of which are glaringly absent in the Trump persona, his campaign, and -GOD FORBID- his Presidency.

Trump supporters deceive themselves on a daily basis.

Hortensis

(58,785 posts)
52. Enemies will spin, but stability is crucial to a healthy nation.
Wed Nov 2, 2016, 12:36 PM
Nov 2016

Healthy business is crucial to healthy nations. Both are crucial to our own wellbeing.

We shouldn't be fooled by the yammering of populist barn-burners. Everyone who is not a self-made idiot understands all this. No college needed, just good reasonably sense.

erpowers

(9,350 posts)
78. Trump Is Also A Paid Speaker
Thu Nov 3, 2016, 09:44 AM
Nov 2016

Do Trump supporters not know he also gives paid speeches? According to Forbes, in 2005 The Learning Annex paid Donald Trump $1 million per speech for three speeches at real estate seminars. In 2006 and 2007 the same company paid Trump $1.5 million per speech for 17 speeches at real estate seminars. That means Trump made more than both Bill and Hillary Clinton. Actually, he made more per speech than both of them combined. Bill Clinton reportedly takes in about $250,000-$450,000 per speech while Hillary Clinton takes in about $250,000 per speech.

I really do not get how Trump supporters seem to know nothing about their candidate. They claim Hillary Clinton is a liar. Well, Donald Trump lies about almost everything. They claim Hillary Clinton is for the one percent. Yet, Donald Trump's policies benefit the one percent. They claim Hillary Clinton has two opinions on all issues. However, Donald Trump has been on different sides of just about every issue. Hasn't he changed his mind on certain issues multiple times in one day.

http://www.forbes.com/2008/03/18/trump-reagan-blair-biz-media-cx_lh_0318speeches.html

getagrip_already

(15,072 posts)
4. I travel a lot for business...
Wed Nov 2, 2016, 09:50 AM
Nov 2016

I go into lots of different environments - public, private, guv. I see every level of the org from cable pullers to cxo's.

I have a golden rule: I don't discuss politics, religion or sex. But I hear a lot of those discussions. I have many bloody tongue wounds enforcing the rule.

But the bowels of this country can be very disturbing. Even with people you would think are liberal, you find out very differently.

Its scary. I've rarely heard anyone say what you heard. And that includes gov contractors cursing the shutdown - and blaming it on the dems.

Usually its straight out of brietbart or alex jones. Sure, sometimes it goes the other way and I'm silently giddy, but more often it is dark and scary.

Cosmocat

(14,601 posts)
19. YEP
Wed Nov 2, 2016, 10:38 AM
Nov 2016

I know a LOT of people who are otherwise intelligent and decent people who are 100 percent sucked into the evil liberal boogyman bullshit.

Fla Dem

(23,945 posts)
38. I find in many groups Dems keep their thoughts to themselves. Trumpsters and Tea Baggers are
Wed Nov 2, 2016, 11:31 AM
Nov 2016

very vocal to the point of being intimidating. I know I will not discuss politics with RW'ers. I have a friend who is a RW'er, but any discussion of politics and she turns into someone I don't recognize, so it's a topic I avoid like the plague. Otherwise she is a caring, fun person.

Divine Discontent

(21,056 posts)
48. I share your feelings about a lady I know as well.
Wed Nov 2, 2016, 12:28 PM
Nov 2016

She's out west, and a super nice fun person. But, when she focuses on politics, she turns into a rightwing talking head! She'll listen and appreciate the facts I present, but she sticks by her convictions. Now, in saying that, all these years I never would have thought she'd back someone so foul as Trump...

wrong.

Hortensis

(58,785 posts)
54. Exactly. Political discrimination and partisan acting out
Wed Nov 2, 2016, 12:46 PM
Nov 2016

are very prevalent these days. Any disagreement with hard-core RWers who spout off like that is very likely to sabotage the goals for meeting with them, and threaten the entire business relationship. Bet Getagrip is only one among many who save the head shaking for later.

moonscape

(4,677 posts)
66. Living in one of the most liberal areas of CA, I'm not exposed to this, so
Wed Nov 2, 2016, 10:26 PM
Nov 2016

this cycle has shaken me to my bones.

How is this going to change? There is such a lack of civility, rationality, education - am at a loss as to what happens after Nov 8 regardless. We're in for a lot of pain, the only question is what form it will take and what's on the other side of it.

still_one

(92,585 posts)
5. The fact is Wall Street is very concerned about a trump presidency. The vast
Wed Nov 2, 2016, 09:52 AM
Nov 2016

majority of Wall Street believe a Trump presidency will be an economic disaster

barbtries

(28,827 posts)
6. this to me makes sense.
Wed Nov 2, 2016, 09:54 AM
Nov 2016

a trump presidency would undermine the stability of the country. they recognize that. sigh.

 

geek tragedy

(68,868 posts)
7. it's not the educated, rational conservatives that are voting for Trump
Wed Nov 2, 2016, 09:54 AM
Nov 2016

It's the uneducated dumbfuck wingnuts and mindless partisan automatons that are.

WillParkinson

(16,862 posts)
26. I'm sorry, but....
Wed Nov 2, 2016, 11:07 AM
Nov 2016

If the 'educated' people were as smart as it's claimed they are, then they should be turning out in droves to ensure this doesn't happen. If they stay home on election day--not including those who voted early or by absentee--then they may not be as smart as they claim. (Just my own opinion.)

LuvLoogie

(7,091 posts)
30. Trump's campaign is run by educated, rational people;
Wed Nov 2, 2016, 11:14 AM
Nov 2016

Paul Ryan is an educated, rational person. They are either bigots themselves or cowards or both. And they don't give a shit about the targets of that bigotry.

Lucky Luciano

(11,269 posts)
40. Went to high school with one of Trump's biggest backers.
Wed Nov 2, 2016, 11:38 AM
Nov 2016

She is a very bright Stanford educated woman - she was quite technical and mathematical. Her little sister actually became a field goal kicker for our HS - and then for Duke. Eventually, they filed a title IX lawsuit against duke when she was cut (but allowed a less qualified man on the team) and won $2 million.

Bekah Mercer is the Trump backer. The kicker was Heather Sue is now a pro poker player. Their father was a researcher at the IBM TJ Watson research facility. A brilliant guy - did the seminal research on natural language processing in the early 1990s. His work is what led to Google Translate eventually. People that tried to program computers to handle language had a hard time making computers understand words and grammar from a set of rules. The father decided that using statistics and machine learning was the way to go and it was beautiful compared to other attempts. Then a guy named Jim Simons at a hedge fund named Renaissance Technologies recruited him to try to make computers understand financial reports instantly. He is now Co-CEO of RenTech and a billionaire named Robert Mercer. He is far to the right of the Birch Society, highly educated, and thoughtful - and trying to make orangefuck our president.

Divine Discontent

(21,056 posts)
49. yep, they're educated, no disputing their ability to learn and recite lessons. I just think there
Wed Nov 2, 2016, 12:29 PM
Nov 2016

brains are corrupted somehow with a lack of compassion, or understanding what life is like for EVERYONE.

Of course, some are just bigots.

Maeve

(42,327 posts)
8. My financial advisor agrees
Wed Nov 2, 2016, 09:56 AM
Nov 2016

He's a youngish Republican, but told me months ago that he wouldn't support Trump and that the market forces are assuming a Clinton win--crazy isn't good for business.

Paladin

(28,296 posts)
9. I've been in contact with my financial guy about it.
Wed Nov 2, 2016, 10:02 AM
Nov 2016

If by some God-awful chance Trump wins, I've stipulated immediate and radical action. I'll be God-damned if that lunatic is going to destroy everything my family has worked so hard for.

 

SouthernProgressive

(1,810 posts)
21. I can't comment on your 403b, I can comment on your homes.
Wed Nov 2, 2016, 10:47 AM
Nov 2016

How long until you retire? Investors who have multiple homes in their portfolio should have plans for a six to ten year period where they plan on selling them. Mush wider time period than most other investments. Of course equity matters but that is factored into the planned time of the sale of the investments. You should be ok with your homes as long as you are in a respectable mortgage or have them paid off. Rent values will go down and they will go up. Over time the trend will always be up.

 

adigal

(7,581 posts)
23. I wanted to retire this year, but still work, just a different profession
Wed Nov 2, 2016, 11:02 AM
Nov 2016

Thanks for the info. Much appreciated.

 

SouthernProgressive

(1,810 posts)
31. Many of my investors are selling their homes this year.
Wed Nov 2, 2016, 11:15 AM
Nov 2016

It's been a solid year for sales in my area. Rents are also dramatically increasing in my area which is helping those who aren't ready to sell yet. I'm talking residential homes. At the same time I have a number of new home investors jumping into the game. The only negative aspect we are witnessing is one of the biggest reasons most of us are fighting for Clinton. Applicants to our smaller units are still in the same place they were eight years ago, for the most part. Give me a 950 sq ft home and I will have a pile of applications, most no good. I will find a quality applicant for a 2500 sq ft home in a day or two. Those at the bottom have really been hurt in my area. I'm sure that is the case across most of the country.

That said, it has always been difficult for those at the lower economic end in my area. We are dominated by the service industry.

 

Fast Walker 52

(7,723 posts)
22. yeah, I've been thinking about that, but haven't since a Trump win is still unlikely
Wed Nov 2, 2016, 10:47 AM
Nov 2016

If he wins, I am cleaning out my funds though... you are not alone in your thinking!

jmowreader

(50,611 posts)
41. Figure on the markets crashing by Veterans Day if Trump wins
Wed Nov 2, 2016, 11:42 AM
Nov 2016

I think a lot of people will go to 100 percent cash in that (unlikely) event; Trump will be very, very bad for the securities markets.

mnhtnbb

(31,449 posts)
77. I for one will have sell orders in to convert everything to cash the next day if Trump wins
Thu Nov 3, 2016, 07:06 AM
Nov 2016

but I'm increasingly optimistic that it's going to be Hillary in a landslide.

I'm too old to withstand 4 to 8 years of dramatic losses from a Republican presidency.

 

adigal

(7,581 posts)
10. NO ONE knows what this nutjob would do!!! Not even his top "advisors"
Wed Nov 2, 2016, 10:06 AM
Nov 2016

They don't even know if they can keep him off Twitter for the week. Someone asked one of his surrogates what this tells us about him, that they don't even know if they can keep him out of trouble for one week?

It's damn scary, and business people are generally pragmatists. I think they would even have preferred Bernie over Trump.

BSdetect

(9,001 posts)
12. drumph is simply ignorant and puerile
Wed Nov 2, 2016, 10:18 AM
Nov 2016

He lies and lies and lies. Breaks laws, steals from businesses and individuals. Insults people and countries. Is a narcissist to an amazing extent. Does not reveal tax returns as that would show what a greedy cheat and shit he is.

What more do you need to know?

world wide wally

(21,762 posts)
13. I am catching a distinct split between reality and what the news media is telling us.
Wed Nov 2, 2016, 10:25 AM
Nov 2016

I don't know if they are bold faced lying about polls, not to mention the yuuuuuge story about Hillary's emails, or if they are just totally incompetent because then I hear story after story like this. Then the survey of actual voters in Florida or the scholastic news vote among kids which is always accurate.
Is the news media THAT much in the GOP/Trump pocket?

Johnyawl

(3,205 posts)
18. It's not so much that they're in trump's pocket...
Wed Nov 2, 2016, 10:35 AM
Nov 2016

...the media needs a close race with scandals to maintain viewer interest and to give them something to talk about 24x7.

Wounded Bear

(58,822 posts)
15. Recall 1992....
Wed Nov 2, 2016, 10:32 AM
Nov 2016

For all of the Repub hand-wringing, when Clinton got in the markets stabilized and started one of the best decades of growth in history. Even with the "tax the rich" strategy, at least is was a real plan, unlike the free-for-all of the previous Repub administrations with inflation driving everything into bigger and bigger market swings.

Dems have always been better for the overall economy than Repubs. Historical fact.

Volaris

(10,284 posts)
42. If we jack up the top tax rate like we need to, and leave it there for a decent while
Wed Nov 2, 2016, 11:45 AM
Nov 2016

They'll stop missing it. It will be the cost of doing business in the most stable market-economy workforce on the planet. The old guys might not like it, but the next generation of business majors will relearn that you make killings in a capitalist system by investing in RnD and the Next Big Thing.

Ace Rothstein

(3,203 posts)
16. The owner of my wife's company is conservative but anti-Trump.
Wed Nov 2, 2016, 10:33 AM
Nov 2016

They are a manufacturer who exports a lot of machines and parts. He's very worried about what a Trump win could do for his business.

Lucky Luciano

(11,269 posts)
17. I work in finance. Trump is mostly loathed here.
Wed Nov 2, 2016, 10:34 AM
Nov 2016

I want a democratic sweep myself, but I think most want Hillary to win to maintain the status quo while keeping a republican congress -also to maintain the status quo - i.e. Nothing gets done.

Saw one guy talking to our economic researchers about the speech orangefuck gave in Arizona a couple months ago - he likened it to a nazi rally filled with vile racism that made this guy want to vomit. Says he is totally voting for Clinton - unfortunately, he also said that he considers her a criminal, but the alternative of orangefuck was too ghastly to comprehend. Then he compared the bush family to the clintons and how he thought the bush family were good people. - I guess we should take his vote! The researcher he was talking to refers to orangefuck in his research reports by "he who shall not be named." The researcher is a business conservative type, but definitely for Clinton on this go around.

BlueCaliDem

(15,438 posts)
33. Yep. We know a multi-millionaire family who are Repubs through and through. They use those very
Wed Nov 2, 2016, 11:17 AM
Nov 2016

same words - crazy asshole - to describe Trump, and will be voting Hillary Clinton because their business profits have gone UP since Barack Obama became president - although they're racists, nationalists, bigots, and self-proclaimed Nixon-Repubs.

My son works as their 19-year-old son's private caregiver - a 19-year-old son who draws disability benefits for having injured himself in a football game. He's a quadriplegic now. His father and uncle wail about "Democrats give people free stuff!!" while their son draws disability ($1000 per month) while his father's business does half a billion a year and he really does need it! They don't see the hypocrisy in that.

And the names they use to describe President Obama are appalling. My son, a huge Obama fan, cringes every time he hears them talk about our president. But they're at least bright enough to understand that Trump will be disastrous to their bottom line. Republicans always do the right thing when it affects their bottom line, and for no other reason.

shopgirl

(23 posts)
43. Hypocrisy is the GOP's Middle Name
Wed Nov 2, 2016, 11:57 AM
Nov 2016

This type of attitude infuriates me. I have a very Republican, born-again brother-in-law who is on disability and loves to bad mouth "freeloaders." Granted, he absolutely deserves to be on disability, but so do a lot of people who he thinks are less deserving. He also loves to criticize "Obamacare" even though he is on socialized medicine (Medicare) himself as part of his disability insurance. I think that what galls me the most is that he sees no hypocrisy in his attitude.

The man who owns the building I work in is a very wealthy Republican. Although he has reservations about Trump, I am sure he will vote for him anyway, since he has no use for Democrats. I don't think he cares if the stock market crashes, because he is one of those investors who believes that is a prime time to buy. I like this guy in many ways, but for him, like most Republicans I know, it's all about what's good for them and everyone else be damned. In fact, if I talk about voting for the common good, they look at me like I'm a misguided child. They scorn the Peace Corps and any other "do-gooder" organization. It's all about survival of the fittest for them.

annabanana

(52,791 posts)
32. All these money people STILL only have one vote each..
Wed Nov 2, 2016, 11:17 AM
Nov 2016

I sincerely hope they all get their rich shiny butts to the polls!

InkAddict

(3,387 posts)
34. Corporate "people" are paralyzed
Wed Nov 2, 2016, 11:21 AM
Nov 2016

By personal experience, recruiters have told my DH who is looking for a job that requests and postings for "new hires" have crawled to a trickle, and various projects have been deep sixed or put on hold indefinitely per recruiters. So, politics interfering with business progress while corporations and government colluding to create poverty. Playing the MASH theme.

CajunBlazer

(5,648 posts)
36. Markets hate unknowns and instability
Wed Nov 2, 2016, 11:28 AM
Nov 2016

Both are strongly associated with Trump. Prediction if Trump wins, the stock market will take a deep, perhaps temporary dive. If Hillary wins, the stock market will see a substantial, perhaps temporary increase.

calimary

(81,639 posts)
37. I have heard this again and again through the years. Corporate America doesn't like uncertainty.
Wed Nov 2, 2016, 11:30 AM
Nov 2016

Every time Trump says something along the lines of "I want to be unpredictable," that kind of statement sends chills down the spines of industry, Wall Street, the big-ticket financial betters. Above all, as I have heard from commentators and industry insiders and other insider talking heads, they want STABILITY. They don't want the flighty, the flaky, the jittery, the unpredictable, the volatility, the unstable. The money people want steady-as-she-goes. Upheaval is what they DO NOT want, and what they run from, nearly screaming, into the night. And that's what Trump is selling as some sort of "benefit." YIKES!

It makes total sense. Volatility is a bad thing. Especially with the big money people.

https://www.vocabulary.com/dictionary/volatility
Volatility is the trait of being excitable and unpredictable.

dembotoz

(16,874 posts)
46. they can say what they want but how will they vote
Wed Nov 2, 2016, 12:24 PM
Nov 2016

live in a red area that was supposed to be very trump wary.....traditional gop

they squirmed, they wrang their hands, they beat theirs chests.....

but now the trump signs are all over
i mean all over

Divine Discontent

(21,056 posts)
50. I posted a couple days ago that gold will shoot up 15% if he's elected on Tuesday. He will terrify
Wed Nov 2, 2016, 12:30 PM
Nov 2016

the markets! Hopefully, we won't have to worry about him after 11-12 Tuesday nite...

 

hollowdweller

(4,229 posts)
53. If Trump really made good on clamping down on free trade it would hurt big businesses a lot.
Wed Nov 2, 2016, 12:36 PM
Nov 2016

I mean part of the reason companies have done so well and made so much money is they have been able to get the cheapest labor possible.

If they had to use US workers it would increase their cost of doing business greatly. While Clinton may be against TPP, her history would suggest that while she will try to do something about trade around the edges, and maybe do some things to get peoples standard of living some, but it would be something on a very small scale that would not upset the big guys too much.


northoftheborder

(7,575 posts)
56. Interesting. Just spoke with my planner this AM about the same topic....
Wed Nov 2, 2016, 07:05 PM
Nov 2016

He also said things would be volatile financially with Trump win. Said would be stable if Clinton won, BUT, said if the Senate also turned Democratic, little more volatile, than if it remained in Republican control. I didn't like to hear that. He said stability always sides with same old same old, even if totally in gridlock. That's the true conservative view, I suppose. Never change anything, never improve or update or move forward. Ugh.

jg10003

(976 posts)
58. I used to work on Wall St. Uncertainty is ...
Wed Nov 2, 2016, 08:15 PM
Nov 2016

Always bad for the stock market. If Trump wins expect the dow to drop at least 100 points on Wednesday.

IronLionZion

(45,696 posts)
59. Trump is bad for everyone
Wed Nov 2, 2016, 08:21 PM
Nov 2016

Markets have priced in a Hillary win mainly because we know her policies and what kind of presidency to expect. Many investors have invested on the expectation that Hillary will be our president. Most industries will do well with her in charge as we continue growth. Hopefully with a Dem Senate we can pass policies and end the obstruction of recent years on presidential appointments and common sense legislation.

Trump has not shared his policies and we don't know how crazy things can get. American farms, construction, and other businesses who depend on immigrant labor are going to be screwed when losing their workers.

progree

(10,964 posts)
61. About the Mexican Peso -- yes, a tight correlation with Hillary's poll numbers
Wed Nov 2, 2016, 09:22 PM
Nov 2016
One chart tells the whole story of the election — and it's about to go haywire, Yahoo Finance, 11/2/16
http://finance.yahoo.com/news/mexican-peso-tells-election-story-and-its-about-to-go-haywire-160536119.html

This chart, which comes to us from strategists at Credit Suisse, shows the tight relationship between the odds Democratic nominee Hillary Clinton wins the White House and the strength of the peso.


The chart, from January to present (just click on the below link) --v

http://l1.yimg.com/ny/api/res/1.2/5nVWEWKE2rvQIpDF1T182g--/YXBwaWQ9aGlnaGxhbmRlcjtzbT0xO3c9NzQ0O2g9NDEy/http://media.zenfs.com/en/homerun/feed_manager_auto_publish_494/e8fcb43a3bd4458fd6797e8eb7a92c82

Hillary's poll numbers are shown in an inverted (upside-down) scale -- so the lower her graph line, the better her poll numbers are.

The Mexican peso is also shown on an inverted scale -- well, what it shows is the number of pesos that the dollar can buy. The lower the graph line, the stronger the peso and the weaker the dollar is (relative to each other). Or to put it another way, the fewer pesos per dollar, the stronger the peso is.

Whew! Anyway, its amazing how the peso follows almost every zig and zag of Hillary's poll numbers for the entire 10 month period.

And the S&P 500 closed today at 2098, down 1.6% from Thursday's close of 2133. (Comeygate was Friday.)

http://finance.yahoo.com/quote/%5EGSPC/history?p=%5EGSPC

spooky3

(34,559 posts)
62. 7 straight days of stock market losses - investors fear a Trump election. However,
Wed Nov 2, 2016, 09:43 PM
Nov 2016

I think if you're bold right now, you can buy some bargains because HRC will win Tuesday and prices will rise after that.

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