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Hi Ronnie,This article explains some of the issues you...

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vintage1961

108 Posts.

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06/11/20

06:35

Post #: 48676797
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Originally posted by 1ronnie: ↑

Ironically, it may be that the markets become beholden and held ransom to what Mr Trump does , if he proceeds with legal challenges , the outcome could stay dragged out for possibly even weeks after Biden is declared winner.

Unless he does a Gore in Bush vs Gore, but I am not holding my breath.

Biden cannot be President until the loser concedes defeat and if Trump does not concede, the market's initial exuberance on an anticipatory Biden win gives way to protracted uncertainty and an equally fast retracement.

But the retracement may not be as significant locally if we do not go as high as the US market, which appears to be the case and going forwards.

The US market likes what it is seeing now with progression of a likely Biden win, but it is not paying close attention to a brewing legal warfare in the days and week ahead. And if it gets nasty and instigated, the worry is that anarchy moves to the streets. And a divided America comes into full display.

Let's hope and pray it does not get there. This is what is possible when more people start stoking contempt and not allow democracy to decide the outcome.

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Hi Ronnie,

This article explains some of the issues you raise.

https://www.bostonglobe.com/2020/10/17/nation/what-happens-if-trump-wont-concede/
1 Upvote

0 Great analysis

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