Showing posts with label Election. Show all posts
Showing posts with label Election. Show all posts

Tuesday, October 18, 2016

Kudos to Goldman Sachs for knowing how to make money on the election

A friend forwarded this chart. Since the market is already pricing in a Clinton victory, shorting NJA (non-Japan Asia, in GS lingo, not "National Jousting Association" as the Acronym Finder says) is recommended. Shorting the Mexican peso is also indicated but with a lower level of potential gain. This trade would apply even if Trump lost the election. This reminds us that, in the world of the trading of financial instruments, there is no good or bad, no right or wrong, only opportunity. Investors should never forget this.