Market reaction on US elections
The picture speaks a thousand words, right!? Well, this is the best way from me to describe what happend in the market on November 08./09. and how the market reacted on US presidential election results. At first, everybody tought, yes I was right about development if Trump wins, buy gold and Yen, sell stocks, but only a few hours latter, the market disaponts everybody and turn everything back to the start, plus more im oposite directions from the previous predictions. Gold fell back to the beggining and some more, USD/JPY fligh up and cover complete loss and some more, German stock market started the day bullish emedialtelly since opening and covered all loss plus more, SP 500 covered complete loss and some more… The market players stayed in shock, I see that based on reaction and common questions from most of them. I can say, that all of you were fooled by constant false predicion from the analysts all over the web sites. Nobody predicted this development and move. And now, I see how they changed their view, like this is normal what happened, struggling to explain why, because they was wrong!
This is exactly why I didn’t want to analyse and to make any prediction in this week. I was expected this move and with lot of my serious contacts I was chat about that, but there was no point to anylsing publicly something like that, because there was a question on which technical level the market will turn back. It was to risky. You can see today, a couple of days latter that the market turnover reaction wasn’t false and the momemntum is still the same. Gold continues to fall, stocks are still rising higher…everything is oposite as predictions were if Trump wins. Well, as I wrote in my article about US presidential elections, the big boys will take an advantage of this elections, but can you? I hope you didn’t lose much if you were wrong and most of you were.