Donald Trump is bad for Wall Street.
He can’t be controlled, he’s a loose cannon, he has ties to the evil Russian empire, he bankrupted his own companies, he hates women, minorities and anybody else making money.
Yet I love him.
Well not him, but the idea of him winning the election. Now before you get ready to let me have a piece of your mind, take a step back and . . .
It’s not for political reasons, so don’t hate.
As a swing trader, I love volatility.
Guess what happens if the Donald wins the election?
The market will go insane. Even more insane than the man with the bad hair could ever actually do to the market himself. The market tends to overreact to uncertainty, so you can bet we’ll see an overreaction and some wild swings.
On the flip side, the market wants Hillary to win. She’s the “safe” choice. If she wins, we probably get a nice little rally and then it’s back to trading as usual. We can profit from this, but not like we can if the market is scared.
Up, down, all around . . . it doesn’t matter. We don’t care which way the market goes, as long as it moves, and moves big.
Make America great again? It already is great.
Make the market great again? The President does not have that power.
Make the trading great again? It will happen if Donald is President.
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