Stocks could drop 15% if Democrats sweep Congress: Billionaire Trump supporter Thomas Peterffy

Trump made the DUMP !! REP made the SAVE !! Day after on open my 401 UP 16 % WOW THANK YOU for the save Republicans!!

Naaa... We kept the Senate meaning Trump will get us another SCOTUS judge if not two.

And a few trillion in tax breaks for the wealthy, and an ill advised trade war? No problem?

Comical - scare tactics no longer work

Kind of has a personal bias in his opinion.

That could be a disaster Wow Scary

Stocks are overvalued as is. A correction will take place no matter who wins. Of you’re in it for the long haul, hang tough. What goes down, must go up.

This guy is full of it.

ANY DEMOCRATIC WIN WILL BE A DISASTER TO AMERICA.

Better to lose the world and gain our souls.

There’s more at stake at this stage! We will survive

So what ya saying? Hold the nose and vote repugs and transfer more money into your offshore numbered account?

Buy buy buy

He is trying to create fear just like what Trump has been doing all this time.

So many times when trump open his mouth stokcks dropped

Fear mongering is so waspy

Historically market performs better when we have gridlock. I won’t vote against my own interest.

really, why

Stop pouring trash to Americans! We are way too smart to believe your bull crap! The huge blue wave will wipe out the evil & selfish Republicans! There will be the super shining blue sky all over my beautiful country, the United Stated of America! 🇺🇸👍🏻🇺🇸👍🏻

It’s going to drop regardless

Such crap

It'll come back. It always fluctuates when there's a change in government. Another scare tactic.

Idiot

Voting turnout in New York in bad weather is very high

Since late September, the ‘suck market’ has been on a downward spiral...I should know my 401k has lost plenty...but don’t worry, with 15 months until retirement, I don’t mind eating cat food...

‘The world will collapse of more fire stations are built’ ...says the arsonist

And a billionaire can't be a fool right?, Should have voted the whole Democrat ticket, perfect time for deep stock discounts, only fools wouldn't love a 15% discount.

It would be worth it!

hmmm, more fear mongering! Shocking; NOT! WorstPresidentEver TruthMatters

Someone knows who will win and also knows what to do & to do that 'someone' is already creating panic. Introduce a little anarchy, upset the established order and everything becomes chaos ☠️

After Peterffy's market call, stocks drops sharply.

Good! I look forward to it. I'd prefer a 20% drop. Dow 20K redux.

Again, attacking the messenger.

And stocks could RISE 15%.

There is more of a chance that CNN will do accurate honest reporting than the democrats sweeping congress.

trust me.... if Republicans keep control of the House... the stock could drop 30%🤷‍♂️🤷‍♂️🤷‍♂️... just saying🤔🤔🤔

Could drop 40% if GOP keeps power.

Just waiting for the unemployed Trumpers that couldn’t rub two nickels together try to come up in the mentions, running their mouth like they know what they’re talking about.

Funny how they try to scare the American people with threats like this... Just shows all the people on wall street only care about $$$ fucking sicknesses me

More scare tactics by a fascist Nazi greedy SOB. These 🐂💩 tariffs and trade wars would end as a result of a Democratic win and the market would go up‼️

Does that mean stocks are going to drop 30% otherwise? Feeding corporations with deficit spending tax cuts is foolish financial engineering that won’t create lasting prosperity. Wealth is created through investment not consumption.

The market will drop more when the Trump recession hits.

...and stocks will drop (and/or rise) 15% at some point regardless of what happens with the midterms, or even if the midterms weren’t happening at all. unremarkable

That’s not what we learned during Obama’s two terms.

AlgoBoffin If this will be the case dollar will drop against all currencies and should be positive for EM esp. India witn crude already breaking 72 🤔 ... and a very happy Diwali to you and sahneydeepak

He can gfh

That will be a great buying opportunity

Aww look at the scared billionaire. Afraid he may have to actually pay his fair share in taxes. Tough sheet

What BS...you and Joe are both wrong...again.

Only 15%... Why not go while gig with 50% GTFOH how do these people get this much money when they say the stupidest shit?

🤥🤥🤥

And what happens if they don't?

Good

It'll be just another buying opportunity for billionaires and slum landlords

Small price to pay

Worth it.

But the good news, if the D’s sweep, is that the world will still be habitable in 15 years

thomaspeterffy1 thomas_peterffy IBKR IMO US+EU must build 7-3nm Chips right now locally or bust . intel stopping Fab42 in AZ while building similar 10nm in Middle East is criminal treason & disaster & Congress clueless or worst, as usual.Time to focus on Factories or lose it

Meh

All they got is fear!

PROVING YET AGAIN THAT LYING realDonaldTrump HAS FRIENDS WHO LIE JUST LIKE HE DOES!! NO SHAME AND NO MORAL COMPASS. JUST GREED

Meaning that sticks are overvalued relative to the underlying assets.

Who cares? Most Americans don’t have stocks. This affects the upper class the most. The Democrats will help the common people. People who need the most help!

So be it. They’ll come back! Your fear mongering is useless!

You know what? I don’t trust or frankly care about what Republican billionaires think, do you?

A wild guess of course. A fact is that there's just been two 10% drops during Republican Congress.

That might be a good thing, get the long over due correction over with.

Could maybe might. The floor is not too low.

False Alert

Don’t worry, they will fall even more after if the Republicans win both houses, after the smoke and mirrors of the Trump BS ends and the reality of the overpriced stock markets become evident to all.

This is an accidental admission that Republicans are bought and paid for by American corporations.

Do u manipulate the market?

This is beyond shameless.

It dropped how uch in October? Who is at fault? Bet you will never answer republicans. Take your BS back under your rock.

Stocks have been dropping already 🤦🏼‍♂️

Market will crash, debt will ballooned with Trump and republican.

[a week after the DJIA falls like 2000 points during a Republican presidency/majority:] “Uhhh duhhh you better vote republican or stocks won’t do so well… trust me, the money knower…”

That just means time to buy, bro. discount

I watched this guy lament his opinion today on CNBC, He is obviously a republican with scare tactics talking points. Opinion only folks not facts.

I RATHER LOSE MONEY THAN MY COUNTRY 🇺🇸

Markets love gridlock. This is BS. BlueWaveComing BlueTsunami2018 ElectionDay2018

Then you should get ready to buy on the big dip!

Greedy Republican Donors are Planning to Blame Democrats When the Markets Crash as A Result of Trump's Reckless TradeWars & Extremely Risky GOPTaxScam VoteToSaveAmerica

Oh right lower deficits and real job growth in high paying areas like clean energy, infrastructure and healthcare are bad for Vote Democrat to bring sanity back to our financial system and save the country from R profligate spending EconomicGrowth VoteBlue2018

Marimon1014 It would have happened anyways

well i hope a lot of billionaires lose money

So we can read the future now. No one knows what impact it will cause. However, if everyone works together I am sure it will be fine.

The actually headline should read: Greedy Billionaire Thomas Peterffy Threatens to Help Create a Global Economic Meltdown if He and BabyTrump Don't Get Their Way

From Mercery planet economist joke of the day everyone should laugh upon him hehehehehe 😂

Peterffy, (Big Advertiser),Richest Man in Florida and likely Biggest Fascist. Tells a BUNCH OF LIES like Gillum Implementing Income Tax, and Spreading Fear about Socialism, goes UNCHECKED BY HOSTS! Democracy's Search for Truth in America Continues! SHAME ON YOU CNBC!!VOTE_BLUE

BS again

2 yrs ago, mavens were predicting that stocks would drop 15% if Trump were elected...but Trump did not muck it up and continued job rise, albeit not as many jobs as Obama - Billionaire Trump supporter Peterffy: Stocks could drop 15% if Dems sweep Congress

Not marijuana stocks. Dems win ...them stocks will fly

STOP. HOLDING. THE. ECONOMY. AND. AMERICAN. PEOPLE. HOSTAGE!!!

Dont these old guys ever get tired of lying

If Republicans were to keep control of both the House and Senate in Tuesday's midterm election, billionaire Thomas Peterffy says he'd buy stocks right away.

Perhaps Peterffy means that if Democrats win both houses stocks could drop 15% and if they don't stocks could drop 20%?

AlgoBoffin This is like Pakistan celeberating if congress wins In Bihar.

🤣🤣🤣🤣 so desperate!!

Peterfly knows the unmitigated con game will be halted in its tracks. Dems will save the Earth.

Short the market then ;)

trots this guy out every election to fear monger about socialism. Andrew, when he mentioned that socialism always ends in a bloody coup maybe you could have mentioned Norway or Sweden? Soros is an anarchist? WTF is he talking about? Kernan nods along approvingly!

History says otherwise...

Trump is controlling the market. If Dems win? Of course the market will DROP! Just to scare voters on what will happen if he lost too! But, didn't the market DROP after Trump win the presidency too 🤔

I'll take my chances. This is a pile of horse shit.

trumpo supporters are ignorant. market goes up and down NO MATTER WHOS IN OFFICE. look at market HISTORY.

15%, heh? What would that trigger YOU to do Mr/Mrs Investor if the Dow dropped under 22,000?

Yeah, for an hour in typical over reaction fashion!

Buy on the dip!

Given the overvalued market, the drop would not be a bad thing.

Drop

Wrong. The Trump market has taken back 95% of my gains this year. The Trump market is headed to a recession. I had no problem with the slow and steady gains pre-Trump as opposed to the nauseating whipsaw action of this market.

Is Peterffy implying that if Democrats fail to win both houses of Congress that stocks cannot drop 15%? An old options trader like Peterffy should know better than that.

Great. That will mean interest rates will drop and home buying will continue.

Stocks will drop because of Dump’s 19th century trade policies.

U wonder how He became a billionaire with this logic - if you can’t read people in this business it doesn’t usually play out to well-?

lol

And most American’s won’t notice because we share his scraps.

Great buying opportunity. Let’s hope so.

I would love that to make good use of my capital :-)

Lol they dropped before and they rebounded before. Traders trade and live for fees-- get over the ignorance. VOTE Fear is not your friend.

Stocks and 401K could go down if Dems win today!

That would signal that the free ride from self serving politics is over.

More fear mongering. I’d take my chances.

A segment of fear tactics. the most unprofessional interview that you've ever conducted. You should be ashamed of yourselves.

I believe him.

the SEC should seek an injunction to gag him... putting those speculative remarks out there begs the result he’s seeking to stoke fear about.

Stocks are going to drop cause they are falsely inflated. The correction is underway already. True indicator is the deficit which is ballooning at rates as high as the last economic crash. But hey trump says best economy ever. Pfft.

Who cares! Democracy would have won.

😂BS ,,

Can you please find out from which level? From low of last week or from high of weeks ago

And 50% if Trump/Republicans retains control of both Houses as his regime goes full on far-Right authoritarian.

Doesn't matter. Even if they do, they will come back. Scare tactic. Hopefully not too many fall for this crap.

Start writing the put contracts

Markets will rally with any outcome i am just saying

Fear monger

His analysis isn't the least bit biased, is it?

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