Quote:
Originally Posted by Wiggum_PI
How is the market irrational? People are buying all the stocks they believe will preform really well under Trump, makes perfect sense.
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But based on what? Nobody knows what the heck he's going to do, other than likely tearing up or reforming trade agreements. He's the biggest injection of uncertainty into the market that one can imagine - usually an indicator investors will move their assets to safer plays. This looks a bit more like disaster capitalism speculation to me, all without any solid foundation.
But hey, it's not like stock markets have ever been highly rational anyway. I'm just surprised we haven't seen much more movement. But there are still about 2 months for the landscape to shift.