This has been one heck of a ride. We, as a nation, have a great number of wounds to heal, friendships to mend, and divides to bridge, but we survived.
Overnight, as the poll results were coming in, the stock futures market plunged more than 5%. If this looked and felt like the Brexit vote earlier in the year, it certainly was. It is notable that initial market reactions are actually a pretty poor indicator of long-term results.
If you haven’t looked yet, take solace in knowing that the market has recovered a great deal of those initial losses already. As of this writing, the futures market is still down (which indicates the market will likely open lower today) but where it stands as I write this is still comfortably positive for the week.
Whether you are feeling elated and hopeful about the results, or depressed and scared, let’s not get carried away with assumptions about what is going to happen over the next 4 years. History has proven that most of what is discussed during campaigns is dead on arrival in the real world. And before you go there, remember that the four most expensive words in the English language are “this time is different.” Continue reading “America Has Voted…”