> Remember when nearly the entire business media predicted that if Trump was elected the stock market would crash immediately?

It was rather amusing yes. I stayed up late during the election night watching NBC (it is my new comedy channel, alongside Fox and friends).

So after showing a blue map for months reporters were in disbelief and shock, almost in tears. That didn't last long. Because around midnight or so the mood lifted. It looked like after-hours trading and overseas markets were headed down. So just like that the sadness turned to optimism and they printed out a few graphs (because as we all know if it is printed on paper it becomes official) and were telling people how they were right, they predicted a massive crash. There were insinuation of people losing all their retirement money. Etc, etc.

The amusing (or tragic, of course) part is after failing to predict the outcome of the election, they turned right around and with the same confidence were talking about a total economic disaster.

Of course market shot up even higher next day than before.

It is interesting that they would rather want a total crash of the market justify their prediction of Trump.