‘All is for the best in the best of all possible worlds’ – Voltaire (Candide/The Optimist)
Consider the media headlines and stories published before and after the presidential election.
Before the election:
‘The conventional wisdom is that, right off the bat, the stock market would fall precipitously. Simon Johnson, the Massachusetts Institute of Technology economist, posited that Mr. Trump’s presidency would ‘likely cause the stock market to crash and plunge the world into recession.’ He predicted that Mr. Trump’s ‘anti-trade policies would cause a sharp slowdown, much like the British are experiencing’ after their vote to exit the European Union.’ – The New York Times – ‘What Happens to the Markets if Donald Trump Wins?’ by Andrew Ross Sorkin ‘The stock market doesn’t like the idea of a Trump Presidency’- PBS Newshour ‘Economists: A Trump win would tank the market’ – Politico ‘Stock Markets will freak out if Trump wins, but you probably shouldn’t’- Boston Globe After:
Wall Street welcomes Trump with a bang’ -CNN Money Stock Market Slingshots Higher After Trump Victory Sparked Overnight Plunge’ Forbes Dow Surges to Fresh All-Time High on Trump-Fueled Momentum’ -Fox Business
This post was published at Wall Street Examiner on November 29, 2016.