if warren or any dem is elected, is it the end of the economy?? | BRYYY Message Board Posts

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Msg  439174 of 453669  at  9/22/2019 8:37:44 AM  by

liquidcourage

The following message was updated on 9/22/2019 8:41:25 AM.

 In response to msg 439169 by  eagle76
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Re: if warren or any dem is elected, is it the end of the economy??

Because the market always looks ahead several months, we dont have to wait for election day to see the damage from a Warren presidency.    Just use Obama as a proxy, the market started tanking from about 11,000 in September when the market sensed it was likely that the socialist was going to be elected.   When Obama was officially elected, the DJIA had dropped to around 9500 it dropped another 500 that day quickly went down to the 7000s as everyone panicked.   It bounced back a bit then bottommed around 6000 before Obama artifically put a halt to the freefall around March 10.  It was going to 3000 yes it was that bleak.
 
So based on history you can expect at least a 50% drop if Warren was elected. Probably worse as Warren is openly hostile to the stock market.   DJIA 12000 or so.  She would try to stop the freefall at 50% because the presidency gets ruined from day 1 in an all out crash but there is no guarantee that would be successful.
 


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Msg # Subject Author Recs Date Posted
439184 Re: if warren or any dem is elected, is it the end of the economy?? eagle76 0 9/22/2019 10:29:20 AM
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