Opinion: The stock market is freaking out about Trump and Sanders

[h=1]Opinion: The stock market is freaking out about Trump and Sanders[/h]

Donald Trump wants to slap tariffs on China — and maybe Japan. He’d build a wall with Mexico. He promises a more pugnacious American posture in the world, and probably a lot more unilateralism.
Bernie Sanders wants to jack up the federal minimum wage, tax short-term stock market trading, and probably raise other taxes and regulations as well.
Both men are rising in the polls.

​

And as they’re going up, the stock market is going down.
Surprised? Don’t be.
Stock markets hate three things in this world. The first is anyone who dissents from the orthodoxy of MBA economics. The second is anyone they can’t control. The third is uncertainty.

Click to expand...

One person's opinion. Is he right, or is he full of it? What do you think?

The market couldn't care less about those two at this point. Its falling because the global economy is faltering. There are fears of a recession as the FED is tightening. People put way, way too much importance on political figures. The markets don't.

Dittohead not! said:

[h=1]Opinion: The stock market is freaking out about Trump and Sanders[/h]



One person's opinion. Is he right, or is he full of it? What do you think?

Click to expand...

No. It's just as the media's been reporting - it's almost all because of China and the oil glut. Oil is the world's biggest business, and when the price of oil falls to nearly one-third what it was, this can't help but have a major impact on world markets. This is especially true now that Iran is about to once more start selling oil.

On the more ironic side, it seems that Obama DID declare war on Big Oil! Yes, by giving them (almost) everything they wanted, by allowing them to greatly ramp up their production, the price of oil has plummeted, and now Big Oil is losing hundreds of billions of dollars in revenue. This MUST have been because of Obama's evil plan to destroy Big Oil! Thanks, Obama!