I dont get it....what specific stocks are impacted by this news?
- Defense stocks? (clearly less contracts, not more) - Oil stocks? (price of oil will decline on this, so less profits for the oil players) - Consumer Discretionary? (are we spending more $$ as a result of this?) - Industrials? (why would they be impacted?)
I'm having a hard time seeing why most stocks are impacted by this news. Enlighten me
The stock market is traded by humans thats why. Stocks go up way too high on emotion and when they sell off they go way too low. There's no reason for stocks to go up on this. People just feel good and it's good news. This doesn't make the world safer, someone else will replace him and there could still be realiation by those who support him. For today it's a trade. I would sell on the news.
imo there is a good chance this could be like what we saw in silver recently...you know where people finally capitulate and go long for the final "breakout" and are down 2-3% in a day...and then down 10% in another 2 days
we will see
there was no reason to go insane bidding up silver recently either...btw