Just a week ago, all the pundits were predicting a stock market pull back if Trump was elected. And then Tuesday night of the election when it seem Trump was winning, the pre-market dropped 700 points. Yet, by the opening the next morning, the market actually rallied and reached a new high by the end of the week. Was this a black swan moment?
sort by best latest
I agree the federal reserve have a lot to answer for but the prediction about the market is strictly independent. It is the perception of many on Wall Street and as we know from past experiences, they don't know any better than the rest of us.
Well, I read a lot of people, and most say down within a short period of time. But, opinions are like rear ends, everyone's got one.
They were forecasting great things back in 2007 too!
Best of luck.