Wall St rattled by U.S. election, rate uncertainty

[uawchild]

Source: Reuters

Wall Street sold off sharply on Tuesday, with the S&P 500 touching a nearly four-month low, amid growing concern over the impending U.S. presidential election and prospects for higher U.S. interest rates.

The CBOE Volatility Index .VIX, a gauge of near-term investor anxiety, jumped to almost a two-month high.

The tumultuous presidential race between Democrat Hillary Clinton and Republican Donald Trump has appeared to tighten in the past week after news that the FBI was investigating more emails as part of a probe into Clinton's use of a private email system.

"There is some anticipation that the markets have built in a Hillary victory, and that a Trump victory is going to roil the markets," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. "And that's why we're seeing the market sell off here, because some of the poll numbers have tightened up over the last week."


Read more: http://www.reuters.com/article/us-usa-stocks-idUSKBN12W3UW

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Good Lord... there is no way in hell that there is going to be a tRump victory. Period.

Get out the Vote. Please vote, take a friend to vote too.

[Wellstone ruled]

1. Ding ding ding,

when the bogus Poll numbers coming from ABC/WSJ hit with Trump leading by one point,bam,the market blew up big time. Same crap happened last Tuesday. BTW,it was Bloomberg again this week who ran this Poll just like last week same time of day. Thank you Main Steam Media and their bullcrap polls,just cost 401 k and IRA working class folks Billions. Another Job well done by our worthless Media.

[Warpy]

2. BBC has almost been pushing Trump

They've been howling about emails and today they say that shithead is "closing the gap," whatever that's supposed to mean.

Reporting like that from an ordinarily respectable source might be driving today's craziness. In any case, the market hasn't budged for months, not really, and has been pretty flat for well over a year.

My prediction is that the market will rise rapidly and then decline to its present levels if Clinton wins or take a massive dive and not recover if that asshole Trump gets in, whether or not he's quickly replaced by that nitwit Pence.

[Iliyah]

3. This news helps HRC. Market crash - depression or Market up tick - stable

Ya know how corporate media is playing this right? They know HRC is gonna win.

Ratings

[George II]

4. Not directed toward you, but this story is crap. Had the Reuters writer done a little research....

...he would have realized that the S&P500 has dropped in the last year of EVERY two-term President's administration.

This article was written in February, stating IN ADVANCE, what we would experience right around now. The fact that we're seeing this now is no big surprise or the collapse of free-world economy.

https://www.motifinvesting.com/blog/stock-markets-perform-presidential-election-year

"Based on past data, it could be a rough ride in the stock market this year. The S&P 500 has dropped an average of 1.2 percent in year eight of presidential terms since 1900. The worst year was in 2008 at the end of George W. Bush’s last year in office when the market was down close to 41 percent"[./i]

[elmac]

5. This will be known as the Trump Effect