Sunday, November 06, 2016

Jim Rickards*:
Expect a Trump Win & 
Violent Market Repricing?
"I expect that once the 10% correction is over, investors will take a second look at Trump’s policies of low taxes, less regulation and big infrastructure spending and like what they see. This means stocks may stage a post-election rebound soon after any correction .. My expectation is that Trump will win the election on Nov. 8. However, that forecast is a close call. The election will be close, and Clinton could win despite my expectation .. If Donald Trump wins it will be a shock of unprecedented proportions. Gold could spike $100 per ounce overnight to around $1,400 per ounce based on momentum. If you buy gold, you benefit from this asymmetry. If Clinton wins, you lose little or nothing, but if Trump wins you win big .. MIT professor Simon Johnson, former chief economist for the IMF, agrees with me. Johnson is a member in good standing of the global monetary elite. He says, 'If investors are wrong and Trump wins, we should expect a big markdown in expected future earnings for a wide range of stocks — and a likely crash in the broader market.'"
LINK HERE to the essay

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