A top response from my thread on Sunday about the election results being priced in was, "if the chance of something happening is 80%, then it's only 80% priced in, and there's still the possibility of market movement as odds go from 80% to 100%."
Ok, point taken. So let's apply that logic to today's rally.
The market was up 2% today. That implies that the total market rally due to Dem victory was 10%, right? The market on Nov 1 was 8% higher than it would otherwise be, and then when a Dem victory got fully priced in, we got that 2% rally. Is that right?
Submitted November 08, 2018 at 12:08AM by Power80770M https://ift.tt/2Qnkr8V
