Hey, Bulls, Give A Knee To The Donald—He Really IS Your Worst Nightmare!
The traders were right at about 11:50 PM on November 8th. That is, they were aggressively selling the shocking news that the stock market's worst nightmare was on the verge of a stunning upset. Only hours latter did the fixers and riggers deep in the bowels of Wall Street concoct the hoary story that the Donald's election would soon bring a Big Fiscal Stimulus and a surge of economic growth and corporate profits. So in time-honored style, the day traders and robo-machines bought the rumor, thereby turning 900 points of election-night red on the Dow futures into morning-after green within minutes of the cash market's open on November 9.