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Obama Delegate - say good bye market
- Thread starter Joab
- Start date
McCain will win. Clinton still has a chance to clench the superdeligates.
Quote from mark2:
right.. but is there any connection between the dem. primary outcome and the market? I just don't understand this...
The connection is that if Hillary had won the nomination, at least you would know what you are getting. Obama is an unknown. He is a wildcard. Markets don't like uncertainty. Fear of the unknown. That said, based on what he has stated, there could not be a more anti-business candidate out there. Raising of taxes, expansion of government, socialized healthcare are just some of the detriments he proposes. At least with Hillary, the market knows it was more about her ego than trying to effect change.
Quote from hilojack:
The connection is that if Hillary had won the nomination, at least you would know what you are getting. Obama is an unknown. He is a wildcard. Markets don't like uncertainty. Fear of the unknown. That said, based on what he has stated, there could not be a more anti-business candidate out there. Raising of taxes, expansion of government, socialized healthcare are just some of the detriments he proposes. At least with Hillary, the market knows it was more about her ego than trying to effect change.
Thanks. That's a good explanation.