Tuesday, November 22, 2016

Post Election Rally

What happened?  Where is the expected collapse of financial markets that were routinely predicted by the NYTimes, Washington Post, CNN, and MSNBC?  The pundits forecast a market disaster if Trump was elected?

Instead a historic, post-election rally greeted the Trump victory.  Big surprise, of course, to the media who seem to think markets and the economy fare better when politicians demonize businesses and rich people and constantly impose more regulations and higher taxes.  It must be a shock to the pundits that markets actually prefer the exact opposite.

A breath of fresh air is blowing through the land. Markets are rallying, spirits are up, and the financial markets are surging -- not only in the US, but globally.  Maybe the markets know something that the haters of capitalism don't know.

Free markets may be on the way back.  We shall see.  But, the markets are clearly happy about the election results even if the media and the pundits are not.

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