Results 1 to 10 of 10
Like Tree5Likes

Thread: Global markets tank as U.S. election results shock

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

  1. #1
    Senior Member JohnDoe2's Avatar
    Join Date
    Aug 2008
    Location
    PARADISE (San Diego)
    Posts
    99,040

    Global markets tank as U.S. election results shock

    Global markets tank as U.S. election results shock

    by Jethro Mullen and Matt Egan @CNNMoneyInvestNovember 9, 2016: 12:24 AM ET
    futures plunge on tight U.S. election results
    Stock markets around the world are sinking and the Mexican currency and U.S. stock futures are plunging as the American presidential election results shock investors around the world.

    Donald Trump is taking significant steps toward the White House.
    Dow futures have plummeted more than 800 points, or 4.4%. That puts the U.S. market on track for its biggest percentage decline since August 2011 when they plunged 5.5% after the U.S. was downgraded by a ratings agency.

    Stock indexes across Asia were also deep in the red. Japan's Nikkei plummeted 5.5% and the Hang Seng in Hong Kong dropped around 3%.


    Markets hate uncertainty -- and many investors believe Trump's unpredictable nature and anti-trade stance could bring lots of global turmoil if he wins the presidency.


    "Shock and awe would aptly describe movements of global markets right now," said Matt Simpson, a senior markets analyst at ThinkMarkets.


    Related: Live election results


    Stock futures really began tumbling after 9 p.m. ET as it became clear that Hillary Clinton's chances of winning crucial states such as Florida, North Carolina and Ohio was in serious doubt. She would later lose all three to Trump.


    "It is looking like another Brexit-type surprise," said Ryan Detrick, senior market strategist at LPL Financial. "The fear of uncertainty is taking fold, as the potential for a Trump victory has many taking a sell first and ask questions later approach."


    By comparison, the Dow fell 610 points, or 3.4% on June 24 after the shocking Brexit vote to leave the European Union.



    While Wall Street is on track for dramatic post-election losses, they are not nearly as bad on a percentage basis as those experienced during the 2008 financial crisis when several plunges of greater than 6% occurred.

    The Mexican peso has plunged more than 11% to an all-time low, after seesawing violently all evening as Trump started pulling ahead in key battleground states. The Mexican currency is on track for its worst day since 1994.


    Trump's anti-Mexico rhetoric has affected the value of the peso for weeks. Trump has talked about renegotiating or even ending NAFTA, the free trade deal between the U.S., Mexico and Canada.


    "The Mexican economy is most tied to Donald Trump's criticism of global trade. It really is ground zero of this discussion economically," said Nicholas Colas, chief market strategist at brokerage firm ConvergEx. "Regardless of how things shake out in an hour or two, this is a surprise -- a big surprise."


    Investors turned to assets that are seen as safer bets in times of uncertainty. Gold surged 4.5% and the Japanese yen soared more than 3% against the dollar.


    Crude oil also took a big hit as cash flees risky assets. Oil prices were down nearly 4% to $44 a barrel.

    http://money.cnn.com/2016/11/08/inve...ion/index.html



    NO AMNESTY

    Don't reward the criminal actions of millions of illegal aliens by giving them citizenship.


    Sign in and post comments here.

    Please support our fight against illegal immigration by joining ALIPAC's email alerts here https://eepurl.com/cktGTn

  2. #2
    Senior Member JohnDoe2's Avatar
    Join Date
    Aug 2008
    Location
    PARADISE (San Diego)
    Posts
    99,040
    NO AMNESTY

    Don't reward the criminal actions of millions of illegal aliens by giving them citizenship.


    Sign in and post comments here.

    Please support our fight against illegal immigration by joining ALIPAC's email alerts here https://eepurl.com/cktGTn

  3. #3
    Senior Member JohnDoe2's Avatar
    Join Date
    Aug 2008
    Location
    PARADISE (San Diego)
    Posts
    99,040
    Dow futures briefly plunge 800; safety breakers stop Nasdaq, S&P 500 spirals
    CNBC - ‎3 hours ago‎

    Dow futures plunged as much as 750 points and bonds rallied as markets feared Donald Trump could pull off an upset and take the White House. Investors moved into the safety of bonds Tuesday evening and stock futures cratered as traders questioned ...
    NO AMNESTY

    Don't reward the criminal actions of millions of illegal aliens by giving them citizenship.


    Sign in and post comments here.

    Please support our fight against illegal immigration by joining ALIPAC's email alerts here https://eepurl.com/cktGTn

  4. #4
    Senior Member Judy's Avatar
    Join Date
    Aug 2005
    Posts
    55,883
    They need to rewrite their business plans and invest in the United States.
    A Nation Without Borders Is Not A Nation - Ronald Reagan
    Save America, Deport Congress! - Judy

    Support our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts at https://eepurl.com/cktGTn

  5. #5
    Moderator Beezer's Avatar
    Join Date
    Apr 2016
    Posts
    30,909
    Time to invest in the Market...buy low!!!

  6. #6
    Senior Member Judy's Avatar
    Join Date
    Aug 2005
    Posts
    55,883
    Dow back up a few hours later. The stock market will flourish under a Trump Presidency if they invest in America. Their choice. Invest overseas and lose, invest in the United States and win big.

    It's that simple.
    A Nation Without Borders Is Not A Nation - Ronald Reagan
    Save America, Deport Congress! - Judy

    Support our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts at https://eepurl.com/cktGTn

  7. #7
    Senior Member Judy's Avatar
    Join Date
    Aug 2005
    Posts
    55,883
    Dow just reached record high of 18,638.18, the highest Dow in the history of the United States.

    GO TRUMP GO!!!!

    Last edited by Judy; 11-09-2016 at 04:24 PM.
    A Nation Without Borders Is Not A Nation - Ronald Reagan
    Save America, Deport Congress! - Judy

    Support our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts at https://eepurl.com/cktGTn

  8. #8
    Moderator Beezer's Avatar
    Join Date
    Apr 2016
    Posts
    30,909
    I have a feeling the 1st 2 quarters of 2017 are going to SOAR!!!

  9. #9
    MW
    MW is offline
    Senior Member MW's Avatar
    Join Date
    Jun 2006
    Location
    North Carolina
    Posts
    25,717
    The market plunged simply out of fear of the unknown, then rebounded when folks started realizing that a Trump presidency would benefit many industries.

    "The only thing necessary for the triumph of evil is for good men to do nothing" ** Edmund Burke**

    Support our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts athttps://eepurl.com/cktGTn

  10. #10
    Senior Member JohnDoe2's Avatar
    Join Date
    Aug 2008
    Location
    PARADISE (San Diego)
    Posts
    99,040
    NO AMNESTY

    Don't reward the criminal actions of millions of illegal aliens by giving them citizenship.


    Sign in and post comments here.

    Please support our fight against illegal immigration by joining ALIPAC's email alerts here https://eepurl.com/cktGTn

Similar Threads

  1. Refusing To Put A Normal Child On Psych Drugs Results In Swat Teams an a Tank
    By AirborneSapper7 in forum Other Topics News and Issues
    Replies: 0
    Last Post: 07-29-2012, 03:23 AM
  2. Recipe for Vote Fraud: Global Internet Voting Firm Buys U.S. Election Results Reporti
    By AirborneSapper7 in forum Other Topics News and Issues
    Replies: 0
    Last Post: 01-14-2012, 07:17 AM
  3. Financial Markets Debt Currency Shock Events and Gold Breako
    By AirborneSapper7 in forum Other Topics News and Issues
    Replies: 0
    Last Post: 05-18-2010, 10:06 PM
  4. Financial Markets Debt Currency Shock Events Jim_Willie_CB
    By AirborneSapper7 in forum Other Topics News and Issues
    Replies: 0
    Last Post: 05-14-2010, 12:53 AM
  5. Diebold machines leak 2008 election results BEFORE election?
    By ohflyingone in forum Other Topics News and Issues
    Replies: 0
    Last Post: 10-05-2008, 07:45 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •