Short-Term Impact of Comey and UK Elections...

[bamablue]

With the Comey Testimony and UK elections, does anyone see a market flex like we saw for BREXIT?

I don't know if there will be anything substantive in terms of the future of the political landscape -- although CNBC is already calculating the impact of a Mike Pence presidency following impeachment. In the UK, the election seems to favor May, but it's close enough that the shell-shocked pollsters in the UK aren't making any guarantees...

I see a short, media-driven frenzy that might scare some investors away from stocks for a day or two. Some potential impact to move bonds up and weaker stocks down.

[Jock14]

Rule #1 for investing - don't buy or sell the media! The media makes money by views, so they will do whatever they can to sell their story compared to the next guy. If you didn't use common sense, one would think they sky has been falling for the last million years.

[bamablue]

I get the sentiment about the media and dont' disagree, but they've become a predictable (if not reliable) source of negative coverage regarding the culture and the political landscape. I don't think they have the impact they once did, because they're no longer a credible source of 'news' IMHO. They are opinion factories; a bell-ringer to move a political positon and raise grassroots or astroturf opposition. There is however an impact (influence?) to markets... Will this impact come from the Comey Hearings or UK vote?

[BigLeague]

With the Comey Testimony and UK elections, does anyone see a market flex like we saw for BREXIT?

In a word...NO. And don't hold your breath for impeachment. It ain't happening.

[bamablue]

With the Comey Testimony and UK elections, does anyone see a market flex like we saw for BREXIT?

In a word...NO. And don't hold your breath for impeachment. It ain't happening.

Impeachment is a fabrication of the media and reflects the hopes of political sore losers. Strictly, my personal opinion. What I know is that i'm holding my breath to see when and how to fatten my 401K...

[BigLeague]

I don't think we should expect anything close to brexit. The media will hype the comey testimony as long as they can, but it's basically a big nothing burger.

[Dow30K]

I don't think we should expect anything close to brexit. The media will hype the comey testimony as long as they can, but it's basically a big nothing burger.

Well said BL.

[mjedlin66]

Apparently all of this means an S fund rally and a C fund dip. That's a head scratcher.

[bamablue]

Apparently all of this means an S fund rally and a C fund dip. That's a head scratcher.

That is par for the 'crazy course.' Do you think this is influenced/impacted by one or all of the big ticket events: Comey, UK elections, Qatar Embargo, bad box office numbers for Pirates of the Caribbean Part X?

[Dow30K]

D. All of the above.

[Ritidian]

I don't think we should expect anything close to brexit. The media will hype the comey testimony as long as they can, but it's basically a big nothing burger.

That's a good summation.

[ArrieS]

I don't think we should expect anything close to brexit. The media will hype the comey testimony as long as they can, but it's basically a big nothing burger.

It's a big nothing burger because Congress already has all it needs to impeach him except for the most important thing. Actual outrage from the American people.

[bamablue]

I don't think we should expect anything close to brexit. The media will hype the comey testimony as long as they can, but it's basically a big nothing burger.

It's a big nothing burger because Congress already has all it needs to impeach him except for the most important thing. Actual outrage from the American people.

This 'big nothing burger' is being served piping hot, with all the fixin's by the media. So far the only one taking a bite are the normal suspects in academia, entertainment and establishment politicians (both parties). Wall Street has more important things to deal with because of the tech slide...