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And yet private prison stocks shot up dramatically when she lost the election. Obviously investors didn't agree that she would be great for them.
by TheCoelacanth 10y ago
And yet private prison stocks shot up dramatically when she lost the election. Obviously investors didn't agree that she would be great for them.
- rdtsc 10y agoDidn't most stocks shoot up? Dow had hit a historic highest point lately also apparently. So one hand we have proven active lobbying, proven "tough on crime" stance and strong support for "three strikes" law, on the other hand, stocks generally shoot up after election. But even looking at stocks, GEO is up a bit higher than what it was last year. CXW is just back to where it was last year this time. Did you see other stocks there? Those are the two I know about. US Steel for example went from 7-9 range to 30. Now that's a solid difference. Google was 650 now in 800s. Is Google also supporting Trump... who knows, fire up the presses (really doubt it).
- azemetre 10y agoThe poster is referring to the direct comments Hillary Clinton made against private prisons during her Presidential election, IIRC it was in August. When she made these comments, prison stocks fell nearly 40%.
- jMyles 10y agoDo you have a reason to believe that the relationship here is causal, rather than just correlative?