Here’s why those billionaires could be wrong about a Warren presidency tanking stocks

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 97%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

OPINION: An Elizabeth Warren presidency wouldn't necessarily crash the stock market. Your argument says more about your politics than about what the market itself says is likely to happen.

It’s impossible to know, but it is possible to take an objective look at the question. That’s because of the insight gained from analyzing trading data from online gambling sites, such as PredictIt.org, which allow investors to bet on various outcomes.

I then also fed into my software daily prices for Facebook FB, +0.49% stock as well as the Select Sector SPDRs benchmarked to the financial, health care, energy, and industrials sectors. I also included the price history for the S&P 500 SPX, +0.75% . I then searched for correlations between the Warren contract and any of these other price histories.

Read: This is what the net worth of the world’s elite would look like if Elizabeth Warren’s tax plan had been in effect since 1982 Maybe my PC’s statistical software is missing something. For insight, I turned to Zitzewitz, who explained that we simply don’t yet have enough data to measure the potential impact of a Warren presidency — despite the dire predictions from some captains of industry. A related difficulty with drawing any conclusions, he said, is that “we haven’t had an event that has moved Warren’s probability without also affecting lots of other things.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

If you have passed 4th grade math, you have enough!

It ain’t gonna happen.

You’ve lost all credibility

Live and learn

Deficits are what Republicans use to hide embezzlement.

I don’t need to eat dog poop to know it’s bad. Maybe you do...

Giving money to the poor, of course they say it will tank the economy. Greed

Your articles are becoming so embarrassing

I guarantee the market would hit pre-Trump levels, maybe even pre-Obama levels.

People should not worry! Hugo Chavez the dead communist President has a better chance of winning the US election than she does! Save the ink for better stories MarketWatch

MktwHulbert Considering the market was up at least 25% for the 1st 700 days of the new pres from Reagan to Bush &up 60% for obama. That means nothing

MktwHulbert The effect will be zero because congress will never pass crazy ideas. The dow will be 35000 during the next 4 years with Biden Bloomberg or warren. Its the bias of the market always goes up.

MktwHulbert No it’s easy straight down

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines