Election Revives Old Myths
The results of the U.S. presidential election not only surprised almost all the gurus who were saying that a Hillary Clinton victory was a sure thing, but also those forecasting that, if by some miracle Donald Trump won, a stock market crash was bound to occur. Prior to the election, I had received many inquiries from investors worried about the market and what they should be doing if Trump won the presidency.
It turns out market gurus were right about one thing: The DJIA futures market crashed by more than 800 points in the first moments after it became clear that Trump was going to come out ahead.
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