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Message
re: The DOW has been on fire since Trump's election
Posted on 12/7/16 at 3:11 pm to hsfolk
Posted on 12/7/16 at 3:11 pm to hsfolk
quote:
The DOW has been on fire since Trump's election
vs the predictions
quote:
Billionaire businessman and NBA owner Mark Cuban, for one, thinks the stock market will crash if Trump is elected
Renowned bond investor Jeffrey Gundlach of DoubleLine thinks a potential Trump victory could threaten the global economy
Goldman Sachs stock has since largely rebounded as Clinton’s campaign has gained strength
LINK
quote:
On Tuesday, Bridgewater Associates sent out a note to its clients predicting that the Dow Jones Industrial Average could plunge nearly 2,000 points in one day if Trump is elected president. That would be the biggest one-day slump in stock market history, by more than double, besting the 777 point plunge that happened on October 29, 2008, at the high of the panic surrounding the financial crisis. The drop would translate into a 10.4% dive, and immediately send the stock market into correction territory.
LINK
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