7 ms·

The markets proved smart. In contrast to brexit, it seems they had a better hunch than the pollsters. Also, it seems Brexit is still more uncertainty to the mar

• gph 10y ago
  Yea I understand that Trump is volatile and has talked about repealing Trade pacts, but he's still a billionaire republican that economically came of age in 1980s NYC. You'd think Wall Street would love him from that description.
  • matt_wulfeck 10y ago
    The Wall Street "elite" I think have mixed feelings toward him. On the one had he's against taxes and has vowed to remove some of the "worst" ones (estate tax, repatriation, etc). On the other hand he's been protectionist and not afraid to attack trade agreements that benefit large global corporations at the expense of American workers.
    • jerf 10y ago
      I've been wondering if, once the hot blood of electoral politics simmers down, HN will develop a more "nuanced" view of Trump. I absolutely agree that there are things the HN gestalt won't like about Trump, like protectionism and closing the borders, so acclamation is not on the table, but on the other hand, there are also absolutely things the HN gestalt will like such as opposition to TPP, and probably having a significantly higher chance of getting the Feds out of marijuana enforcement than you would have seen under Clinton. I also think there's a much greater chance that Trump will pull back on the military interventions that it seems like many people don't even realize we're currently participating in. (We actually have a lot of military "actions" going on right now.) Much of that probably depends on what he actually does, but much of that also depends on whether people look at what he actually does instead of what they're told about what he does.
      • matwood 10y ago
        I've been having this exact conversation today. I didn't want either of them, but now that we have Trump what does that mean. The world is not going to end, and he is not taking away voting rights from women (legit comment on my FB feed this morning). But what will he actually do. If you look across the few things he has said not all GOP types of things, and some align much closer with a Sanders agenda. We definitely have to wait and see, and I think that is what really bugs people.
        • b_emery 10y ago
          No, what bugs me is the racism, the misogyny, the intolerance, the anti-immigrant rhetoric, and most of all that he rejects data that doesn't fit his views.
          • oldmanjay 10y ago
            Does the racism today against white people bother you? It's a genuine question, because the vehemence is cranked pretty high, but racism against white people is often automatically excused, so I'm curious where you fall.
            • Hydraulix989 10y ago
              Can you give me an example?
              • oldmanjay 10y ago
                A comment I posted earlier today details one, from 538 https://news.ycombinator.com/item?id=12915950 https://news.ycombinator.com/item?id=12915950
                • b_emery 10y ago
                  Trump has expressed all of those characteristics. Labeling him and his supporters by proxy may be a stretch, but it's not racism. Call a spade a spade.
• VMG 10y ago
  Betting markets did not prove themselves however. Just like with Brexit, they were in line with the polls and only reverse at the last minute: https://i.imgur.com/tEDdMpT.png https://i.imgur.com/tEDdMpT.png (from https://electionbettingodds.com/WIN_chart_maxim_lott_john_stossel.html https://electionbettingodds.com/WIN_chart_maxim_lott_john_st...)
  • return0 10y ago
    I'm happy to report i bet early on trump and reaped the rewards!
• pacofvf 10y ago
  Yes even the Peso has already recovered from its after hours low, that means that the market already had priced in the "Trump risk", it just erased any gains propelled by the Clinton optimism of the past few days, right now is trading better that its all time low from a couple of weeks ago.