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Maybe wall street recognizes that there wasn't a legitimate insurrection; that there was no immediate change or danger to our government; that msm isn't accurat
by beerandt 6y ago
Maybe wall street recognizes that there wasn't a legitimate insurrection; that there was no immediate change or danger to our government; that msm isn't accurate enough & can't be trusted for the sake of market pricing news; and/or that there's no way to price/predict the eventual effects of the resulting political fallout, backlash, and legislation.
On the other hand, maybe they predicted exactly what would happen, and the whole day was already priced-in. (Seriously, who thought an overblown Trump event that eventually collapsed upon itself and resulted in no practical changes would be an unreasonable prediction for the day.)
Better yet, maybe they realized it doesn't actually change the Democrats desired agenda at all.
- Zoombini 6y agoThe last point makes the most sense imo. Wallstreet already knows there's a blue team president and a blue team congress coming and what sorts of policies different members of that team favor, not much about that dynamic changes because of the capitol riot except for the possibility of 'law and order' gaining traction as discussion topics again. Law and order are almost never bad bad business.