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Read the rules in the OP before posting, please.In order to ensure that this thread continues to meet TL standards and follows the proper guidelines, we will be enforcing the rules in the OP more strictly. Be sure to give them a re-read to refresh your memory! The vast majority of you are contributing in a healthy way, keep it up! NOTE: When providing a source, explain why you feel it is relevant and what purpose it adds to the discussion if it's not obvious. Also take note that unsubstantiated tweets/posts meant only to rekindle old arguments can result in a mod action. |
Donald Trump has taken the stock market to the limit. And he hasn’t even won the presidency yet.
After waves of selling on Tuesday night, stock market futures were halted early Wednesday morning after plunging 5%, as Trump was on the cusp of an unlikely victory over Hillary Clinton. Just after midnight, the Dow Jones industrial average was down 827 points. The S&P 500 was down 107 points. The technology heavy Nasdaq 100 had fallen 241 points.
Technically the market indexes can continue to trade, but so-called circuit breaker rules limit the amount stock exchanges can fall in a single after hours session to just 5%. So traders can buy, but it it become increasingly hard to sell. Trading, which had been brisk for most of the night in futures contracts, dried up.
While the markets were blocked from going further south, this could still be just the start of investors losses. Stock markets can resume their plunge when markets open on Wednesday morning. On Tuesday, Bridgewater Associates predicted that U.S. stock market could plunge over 10% if Trump were to win the presidential election. Investors had favored a Clinton presidency because that was seen as more predictable. Market do not like uncertainty. Others have put the possible market plunge at 5%-to-6%.
There is a history, though, of immediately stock market reactions to election results to quickly reverse. For example, the stock market quickly regained its losses in weeks after the Brexit vote. Trump has proposed cutting taxes on corporations and the rich. In the past that has been good for the stock market. What’s more, a Trump win would dramatically reduce the likelihood that the Federal Reserve would raise interest rates in December. That’s likely good for the stock market as well.
Source
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On November 09 2016 18:43 Laurens wrote:Show nested quote +On November 09 2016 18:41 hunter_x wrote:
Wow i didnt know that so many americans are THAT retarded to seriously vote someone like trump. I guess nothing can surprise me in the future.... Judging by this post I can already tell you that you will be surprised by the German/French elections that are up soon.
As much as I dislike AfD and FN, Trump makes them look like decent thoughtful people by comparison.
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On November 09 2016 18:58 Dan HH wrote:Show nested quote +On November 09 2016 18:43 Laurens wrote:On November 09 2016 18:41 hunter_x wrote:
Wow i didnt know that so many americans are THAT retarded to seriously vote someone like trump. I guess nothing can surprise me in the future.... Judging by this post I can already tell you that you will be surprised by the German/French elections that are up soon. As much as I dislike AfD and FN, Trump makes them look like decent thoughtful people by comparison.
No, they're pretty much exactly the same.
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On November 09 2016 18:37 iPlaY.NettleS wrote:Top comment on the guardian article. Show nested quote +This is really so easy. This could have ALL been avoided. How to stop Trump:
1. STOP, for the LOVE of GOD, STOP peddling identity politics. Trump voters - working class people - despise it. They know what you're doing - it's obvious.
2. STOP treating ethnicity, gender, sexuality and religion as a proxy for class warfare; you are trying to displace them by creating a new under-class and stoking ethnocentrism, gynocentrism and tribalism for the purpose of manufacturing a new electorate and a globalised, supranational governance that NO-ONE wants.
3. STOP speaking about groups, start speaking about individuals (you know, actual liberalism).
4. Stop polarising ALL debate. Just because you aren't rabidly pro-feminism, it doesn't make you a misogynist. Just because you aren't rabidly in favour of the EU, it doesn't make you a fascist. Just because you don't support black lives matter, it doesn't make you a white supremacist. Just because you don't support SSM, it doesn't make you a homophobe.
5. Stop pushing mass immigration for the purposes of creating a new electorate. They know what you're doing. Every minority group in the UK is opposed to mass immigration. Even Hispanics are opposed to mass immigration, and are more conservative - on a policy basis - and religious than white males.
6. Stop preaching cultural relativism; if you oppose something for one identity, oppose it for ALL identities. Murder doesn't suddenly become more acceptable because the perpetrator is Islamic; sexism doesn't become more acceptable because the perpetrator is female; racism doesn't become more acceptable because the hatred is being spewed at white men.
Get it? Until all of this STOPS, until we start to assign rights and responsibilities at the level of the individual and not the group, until all of the incessant shaming, self-loathing and guilt-tripping subsides, this will get infinitely worse.
should be upvoted more :p
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Democracy has been witnessed.
What a bizarre turn of events. On the upside, 4 more years of comedians making fun of trump
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'Hey Obama - You're fired!'
edit: (what a missed opportunity for his victory speech  )
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On November 09 2016 19:07 zeo wrote:'Hey Obama - You're fired!' edit: (what a missed opportunity for his victory speech )
He is not fired he did the time he had to do.
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On November 09 2016 19:01 Laurens wrote:Show nested quote +On November 09 2016 18:58 Dan HH wrote:On November 09 2016 18:43 Laurens wrote:On November 09 2016 18:41 hunter_x wrote:
Wow i didnt know that so many americans are THAT retarded to seriously vote someone like trump. I guess nothing can surprise me in the future.... Judging by this post I can already tell you that you will be surprised by the German/French elections that are up soon. As much as I dislike AfD and FN, Trump makes them look like decent thoughtful people by comparison. No, they're pretty much exactly the same.
They are worse, much worse.
And while the FN has a shot to win the presidency (Head-to-Head votes gives anyone the chance), the AfD at least will not get the 50%, I expect it to be arround 15% next year.
Can someone tell my why "the young turks" are in such a spotlight here? Who are they?
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I hear Clinton won the popular vote yet when I look at Bloomberg Trump is still ahead. Is this because votes in Democratic states like California still have to be counted and they most likely will give her more votes than Trump?
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On November 09 2016 18:37 iPlaY.NettleS wrote:Top comment on the guardian article. Show nested quote +This is really so easy. This could have ALL been avoided. How to stop Trump:
1. STOP, for the LOVE of GOD, STOP peddling identity politics. Trump voters - working class people - despise it. They know what you're doing - it's obvious.
2. STOP treating ethnicity, gender, sexuality and religion as a proxy for class warfare; you are trying to displace them by creating a new under-class and stoking ethnocentrism, gynocentrism and tribalism for the purpose of manufacturing a new electorate and a globalised, supranational governance that NO-ONE wants.
3. STOP speaking about groups, start speaking about individuals (you know, actual liberalism).
4. Stop polarising ALL debate. Just because you aren't rabidly pro-feminism, it doesn't make you a misogynist. Just because you aren't rabidly in favour of the EU, it doesn't make you a fascist. Just because you don't support black lives matter, it doesn't make you a white supremacist. Just because you don't support SSM, it doesn't make you a homophobe.
5. Stop pushing mass immigration for the purposes of creating a new electorate. They know what you're doing. Every minority group in the UK is opposed to mass immigration. Even Hispanics are opposed to mass immigration, and are more conservative - on a policy basis - and religious than white males.
6. Stop preaching cultural relativism; if you oppose something for one identity, oppose it for ALL identities. Murder doesn't suddenly become more acceptable because the perpetrator is Islamic; sexism doesn't become more acceptable because the perpetrator is female; racism doesn't become more acceptable because the hatred is being spewed at white men.
Get it? Until all of this STOPS, until we start to assign rights and responsibilities at the level of the individual and not the group, until all of the incessant shaming, self-loathing and guilt-tripping subsides, this will get infinitely worse.
I couldn't agree more.
I think it's ironic how the side that preaches tolerance is so divisive and judgemental, and how despite allegedly fighting racism, it encourages blatant racism (BLM) and supports probably the only proven case of institutional racism in the US (affirmative action).
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does cenk make any good points here
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On November 09 2016 19:09 Scrubwave wrote:
All those liberal tears.
All that "progressive" salt.
All those impotent celebrities stomping their legs.
All those journalists left with nothing at all.
Christmas came early this year.
Best fap material of '16.
Here's one of my personal favourites
![[image loading]](https://pbs.twimg.com/media/ChflcUAU4AUXAHT.jpg:large)
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On November 09 2016 19:12 RvB wrote:
I hear Clinton won the popular vote yet when I look at Bloomberg Trump is still ahead. Is this because votes in Democratic states like California still have to be counted and they most likely will give her more votes than Trump? I would suspect so. Extrapolating the results of California I found on CNN, I don't think there is any way Trump wins. This amounts to roughly 1.5 million extra votes for Clinton.
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Northern Ireland22208 Posts
On November 09 2016 19:09 Scrubwave wrote:
All those liberal tears.
All that "progressive" salt.
All those impotent celebrities stomping their legs.
All those journalists left with nothing at all.
Christmas came early this year.
Best fap material of '16.
all that star power and hillary couldn't do it. poor lena dunham, won't get her wish for all white men to become extinct now
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One thing is for certain Clinton better do a Boehner and simply vanish and not start shit around 2018 and start the rumor mill about 2020.
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EPT
