Quote:
Originally Posted by
Dan Druff
If the market tanked today, you would have written that it's indicative that everyone smart in business knows that Trump will be a disaster for the country.
Looks like you massage the existing data to fit your narrative, no matter what.
Even if you dislike Trump, you can't automatically cast him as a friend of big pharma, big oil, etc. We will have to see his actual policy plans before drawing any of these type of conclusions. His election rhetoric did not necessarily favor these industries.
Lol of course he's a disaster and everyone smart in business knows that. That doesn't mean people can't make money off it in the short term. Plenty of people made a killing leading in to the latest crash.
The way the markets see it his actual policy plans will at least somewhat reflect what he has said about his plans for the future instead of being completely reversed. And it's assumed GOP will support him on this. Please tell me how that's a stretch in any world?
So you think he's going to completely flip-flop on everything he has said about energy companies. That he's suddenly in favor of heavier regulation in an industry that he has personally invested in to. Markets are kinda skeptical about that.
Big pharma gains huge from lesser regulation and the end to all talks about silly price caps.