Goldman warns delayed election results this November similar to Bush-Gore could rock the market

[BadGimp]

Source: CNBC.com

Goldman Sachs is warning that the presidential election could see delayed results, and is therefore recommending that clients hedge their market bets through December in anticipation of heightened volatility through November.

Goldman Sachs chief U.S. equity strategist David Kostin said several factors could delay the results beyond Nov. 3, including a rise in mail-in ballots as Covid-19 keeps people from voting in person.

“Given the several-week delay in finalizing the results of the 2000 presidential election ... the elevated volumes of mail-in ballots used in recent primary elections, and potential for increased mail-in ballots this November, we see a heightened risk that election-related volatility could extend beyond Election Day,” Kostin said in a note to clients Tuesday night.

Read more: https://www.cnbc.com/2020/07/08/goldman-warns-delayed-election-results-this-november-similar-to-bush-gore-could-rock-the-market.html

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Seems like an attempt to soften up the markets and electorate for what is likely a planned election theft effort. They even reference mail-in ballots as being an anticipated cause.

NOT GOOD imo.

[bucolic_frolic]

1. Are they part of a conspiracy?

I think they're way off here. Outcome will not be in doubt. Legal maneuvering, spurious lawsuits maybe.

[C Moon]

2. You know that's what McConnell and Putin are planning.

That's why they are appointing so many judges: they are going to have this election tied up in the courts for months.

[delisen]

3. Tough. Markets roil. Anticipate and act accordingly

[in2herbs]

4. Putin only needed to manipulate a few precincts to give trump the EC while losing

the popular vote by millions. It's not going to be so easy this time if the spread between trump and Biden is millions +. The voter manipulation will be so obvious if trump gets the popular vote again to tag with the EC.

[ArizonaLib]

5. Capital over democracy

That's what the SCOTUS gave us in Bush v Gore. Funny how Goldman would come out with this on the same day Brooks Brothers announces bankruptcy filing.

[LiberalFighter]

6. Goldman Sachs should shut the hell up.

[Zorro]

7. The election may serve as a convenient trigger date

but reading between the lines I believe GS is warning investors to take their profits now and move to cash over the next several months before the cumulative effects of Covid on the economy crater the market.

[Raven123]

8. By all means, let's placate the markets.

[McKim]

9. I Interpret this Differently

Maybe GS is saying we should have an honest and clean and quick election, that Trump should be willing to lose gracefully for the sake of the sacred market.

[BadGimp]

10. LOL - yeah right

[Stuart G]

11. Stupid is still stupid is still stupid...Overwhelming victory for Biden...NO DELAYED RESULTS...

....who are you going to believe....Goldman Sachs, Trump..or..Joe Biden.... ?

...The bully/Con Artist will go down,,,,WAY DOWN...