American upset

[Breelander]

Beans and ammo manufacturers?

[DiamondEcho]

Looks like the DJIA is going to open limit-down and hence time-out/not trade for a period[?]

FTSE-100 futures currently point at an open -240 [it's been whipping around between -230/-250 over the last 1/2hr or so].

[DiamondEcho]

With moments before the opening bell, Index futures are -132
Wow volatility!

[DiamondEcho]

-25 @ 8.15am
I reckon there is relief building in that it was a clear victory, President+House+Senate. Should mean no legislative log-jams. No hanging-chads, no drawn out uncertainty...

[miner1000]

Agree about the relief. FTSE100 was down 2% at one time, only 0.8% as I write, but very volatile.

Could even close up! A lot depends on Wall Street, but there should be relief now that there is no longer uncertainty.

[Cranwind]

Radio this morning suggested it might be because traders remember Brexit and hence do not want to sell off only to find markets eventually rising higher than before.

[idpickering]

[quote][/quote]Hope he uses it wisely!


This could be the kick up the [expletive deleted] they need! As you say;

[Lootman]

A week ago I bought put options on SPY and QQQ, wanting to profit from the tail risk of Trump winning. Earlier today, with the Dow futures down 800, I was already planning on how to spend my winnings. And now the US market is UP.

The markets always surprise, not always pleasantly.

[LongbeardRanger]

The markets always surprise, not always pleasantly.

Indeed so! To ape Keynes's observation, it's like predicting the predictions of people trying to predict the results of a beauty contest. The actual results of the contest itself aren't that relevant....

Particularly so where, as here, the actual effects of the event in question are highly uncertain.