[expat_panama]

Related:

Comey just caved - 11/6/16

Comey backs down - 11/7/16

fwiw, regulars on the investing thread are well familiar w/ aaallll the times the futures pointed one way and markets proceeded to go the other.

[grania]

Does it help hillary? With those still undecided, it’s possible it’ll help convince them that the system is rigged.

[CMailBag]

Comey confirms that the system IS RIGGED-—11/06/16

[b4me]

LOL what a joke the stock market is.

[Vaquero]

Stock market is an ass.

[expat_panama]

Top o' the morning!  Isn't this easy?  Stocks drop 9 in a row but volume's been dropping also; MY TAKE:  we just fell back to a support that had been a ceiling from April-June --and all this time we've been sideways/flat.

Gold got itself swatted down to $1,287.70 after pecking up over the $1,300 level, the all knowing futures traders say they're now -0.27% in contrast to +1.57% for stocks.

Consumer Credit comes out today before the opening bell.

Meanwhile we got lots of news for wrapping fish and lining the bird cage:

The Markets Were Wrong On Brexit, For Trump Too? - Allister Heath, DT
Finance Is Betting On One Outcome. What If It's Wrong - Don Lee, LAT
Election-Inspired Market Volatility's Overblown - Wallace Witkowski, MW
Hillary's Worst Ideas On the Economy - Stephen Moore, Washington Times
Why GOP Should Hope Trump Loses In a Landslide - John Tamny, Forbes
Last Econ Snapshot Pre-11/8 Shows Healthy Growth - Patricia Cohen, NYT
Jobs Report Won't Tip Election Day Scales - John Crudele, New York Post
Hillary Clinton's Trump Card Is a Growing Economy - Paul Brandus, USA
Washington Has Quite Simply Grown Too Rich - Kevin Williamson, NRO
How to Do Business In Very Treacherous China - Sam Jefferies, Newsweek
What Entrepreneurs Must Know About Taxes - Harroch/Bolding, Fortune
Corrupt Labor Unions Flout Basics of Free Market - George Leef, Forbes
Bonds At Epic Turning Point - Eliza Ronalds-Hannon & Liz McCormick, BBW

[stockpirate]

“Open high close low”

It draws inthe suckers money. The trend is your friend and the trend is down.

[oblomov]

It’s not clear to me that it improves her chances. This move in the futes seems like a fake-out, part of the propaganda campaign.

The real issue is that we have entered an earnings recession. And the market has deep structural problems.

[palmer]

As I pointed out before all the gyrations, if Clinton is elected the current short term speculative market will continue. With Trump the money would leave that market and be redeployed in long term productive investment in the US. Markets hate that kind of adjustment.

Furthermore her crony capitalism (e.g. "green" energy) will reward the current Obama winners at the expense of the rest of the economy. Same with health care: obamacare was a huge boon for "health" conglomerates like United and big practices that are buying up small independent doctors (the independents have no choice in the matter).

[HandBasketHell]

The same thing happened with Brexit. Final poll showing a Remain win, and the stock market, along with the rigged betting went up. We all know what really happened. Praying for the same kind of outcome with Trump.

[moovova]

Good.

A rise in the stock market today will add some extra padding to offset the subsequent (predicted) 25% drop day-after-tomorrow when it’s clear there’s gonna be a President Trump.

[uncitizen]

Such a biased title. Disgusting.

[newfreep]

IBD = CHAMBER OF COMMERCE = NO BORDERS = CRONY SOCIALISTS

[UKrepublican]

The stocks and betting marketets have followed the exact trend of Brexit -

they were shown to be completely wrong about that, and I’m sure they will again tomorrow night.

[ncalburt]

IBD is a never trump site for the cheap labor crowd.

Believe nothing from here .

[Atticus]

This does not mean that the smart money thinks Hillary is going to win. It means that, if she wins, which is certainly possible, the market will not have to deal with the uncertainty of a president under active FBI investigation. So, even if the market sees no change either way in Hillary’s chance of winning, it sees Comey’s latest antics as a positive for stocks.

[txrefugee]

The Fat Cat Class knows that Yellen will keep zero or near zero interest rates going throughout Hillary’s term in office, so the Wall St. parasites can continue to suck profits out of the withered Federal Reserve teat.