Markets Crater as 2016 Race Tightens

Markets Crater as 2016 Race Tightens

Stock futures plunged and bonds rallied as the outcome of the presidential election remained much tighter than expected. Investors moved into bonds and stocks cratered as traders questioned whether Democrat Hillary Clinton could win the race, as expected. The Mexican peso fell sharply against the U.S. dollar. [CNBC]

THE MARKETS don’t like uncertainty when it comes to the presidency.

I grew up with people who are like those coming out in numbers bigger than anyone predicted for Donald Trump. ACA was always a worry and the timing on the premium hikes could have been the thing that brought Republicans home.

If you have the stomach, read what I wrote about Donald Trump’s candidacy back in August 2015.

Bernie Sanders was the foreshadowing.

It’s the same message that got William Jefferson Clinton elected twice, along with his outreach to African Americans.

Anyone who listens to talk radio understands what’s happening tonight.

There’s no way you could have convinced me, with all the reporting, polls and posts I consume, that this race would end up being this close.

It’s why I love politics. We the People means something.

The Senate looks like 50-50 but it could get worse for Democrats before it’s over.

Governing is going to be a bitch.

– 75 percent agree that “America needs a strong leader to take the country back from the rich and powerful.”

– 72 percent agree “the American economy is rigged to advantage the rich and powerful.”

– 68 percent agree that “traditional parties and politicians don’t care about people like me.”

– 76 percent believe “the mainstream media is more interested in making money than telling the truth.”

– 57 percent feel that “more and more, I don’t identify with what America has become.”

– 54 percent feel “it is increasingly hard for someone like me to get ahead in America.”

[Reuters]

This post has been updated.