Why conventional wisdom seem to fail again? The market is at all time high after the election..
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?
It was the usual scare tactics of democrats and their lapdog msm media. Theyve done this stuff for decades. They especially loved to try and frighten the elderly from voting by telling them that the republicans are going to take their social security away. They did that for years.
It's all the FED and the algorithms.
No way this will last unless the FED starts actively buying stocks.
They're already buying futures contracts, so it wouldn't be a surprise to see them start buying stocks.
Since they are already buying financial products from the banks (Yup, CMO's and CDO's), it's all a house of cards.
One interesting side note about the FED - if they lose any money on any of their trades, Bernanke's last move as FED chairman was to make sure the taxpayers would be on the hook for any losses at the FED.
We have wonderful people watching out for us, don't we?
Taxpayers bail out everybody that's got payoffs going to our greedy congressmen and presidents.
Just idly sitting back, waiting for the next crash.
Good luck.
Cheers
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.
Cheers
The market fell at first because the prospect of Trump being president is bound to put the country and the world in turmoil. It has rallied because stockholders and the millionaires and billionaires will do extremely well in the short term because the Republican controlled Congress will undoubtedly approve huge tax cuts for the wealthy and the elimination of those government agencies designed to protect the public (like the EPA and Dodd-Frank.) Ordinary American workers will pay the bill.
by Barnsey 11 years ago
Can you fail a Pre-employment physical because of High Blood pressure?
by Grace Marguerite Williams 10 years ago
precarious times. They are inundated with jobs. They seem to have the Midas touch in terms of jobs and socioeconomic opportunities. These are the people who have LITTLE or NO PROBLEMS with getting and keeping good jobs. They are also the entrepeneurs among us. They WON'T starve-in fact, quite the...
Copyright © 2024 The Arena Media Brands, LLC and respective content providers on this website. HubPages® is a registered trademark of The Arena Platform, Inc. Other product and company names shown may be trademarks of their respective owners. The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website.
Copyright © 2024 Maven Media Brands, LLC and respective owners.
As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.
For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://corp.maven.io/privacy-policy
Show DetailsNecessary | |
---|---|
HubPages Device ID | This is used to identify particular browsers or devices when the access the service, and is used for security reasons. |
Login | This is necessary to sign in to the HubPages Service. |
Google Recaptcha | This is used to prevent bots and spam. (Privacy Policy) |
Akismet | This is used to detect comment spam. (Privacy Policy) |
HubPages Google Analytics | This is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy) |
HubPages Traffic Pixel | This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized. |
Amazon Web Services | This is a cloud services platform that we used to host our service. (Privacy Policy) |
Cloudflare | This is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy) |
Google Hosted Libraries | Javascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy) |
Features | |
---|---|
Google Custom Search | This is feature allows you to search the site. (Privacy Policy) |
Google Maps | Some articles have Google Maps embedded in them. (Privacy Policy) |
Google Charts | This is used to display charts and graphs on articles and the author center. (Privacy Policy) |
Google AdSense Host API | This service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy) |
Google YouTube | Some articles have YouTube videos embedded in them. (Privacy Policy) |
Vimeo | Some articles have Vimeo videos embedded in them. (Privacy Policy) |
Paypal | This is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy) |
Facebook Login | You can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy) |
Maven | This supports the Maven widget and search functionality. (Privacy Policy) |
Marketing | |
---|---|
Google AdSense | This is an ad network. (Privacy Policy) |
Google DoubleClick | Google provides ad serving technology and runs an ad network. (Privacy Policy) |
Index Exchange | This is an ad network. (Privacy Policy) |
Sovrn | This is an ad network. (Privacy Policy) |
Facebook Ads | This is an ad network. (Privacy Policy) |
Amazon Unified Ad Marketplace | This is an ad network. (Privacy Policy) |
AppNexus | This is an ad network. (Privacy Policy) |
Openx | This is an ad network. (Privacy Policy) |
Rubicon Project | This is an ad network. (Privacy Policy) |
TripleLift | This is an ad network. (Privacy Policy) |
Say Media | We partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy) |
Remarketing Pixels | We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites. |
Conversion Tracking Pixels | We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service. |
Statistics | |
---|---|
Author Google Analytics | This is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy) |
Comscore | ComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy) |
Amazon Tracking Pixel | Some articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy) |
Clicksco | This is a data management platform studying reader behavior (Privacy Policy) |