Or, at least as of 11:30 PM CST November 8, 2016, the unimaginable (at least to me) may be about to occur — a Donald Trump Presidency. Dow futures are down 777 points (4.16%). Both S&P and Nasdaq futures have hit their down-5% collars and stopped trading (subsequently they have resumed trading). If the current trend in the vote holds, the carnage may likely continue. I cannot predict where it ends — but it will end.
Before you jump out the window, please consider the effect of this potential event on the sale of hamburgers at McDonalds, pharmaceuticals at Merck & Co., household products at Procter and Gamble, cell phone usage at Verizon and so on and so forth. I’m not a happy camper, but life will go on.
As to all the many awful and unconventional statements and promises made by candidate Trump —
I truly hope the slippage begins immediately.
The information presented in kortsessions.com represents my own opinions and does not contain recommendations for any particular investment or securities. I may, from time to time, mention certain securities for illustrative purpose, names where I personally hold positions. These are not meant to be construed as recommendations to BUY or SELL. All investments and strategies should be undertaken only after careful consideration of suitability based on the risks, tolerance for risk and personal financial situation.