Wall Street Insider: "Hillary would be better for Wall Street ... unlikely to rein in Wall Street"

[imagine2015]

U.S. News & World Report
by Lou Carlozo
March 3, 2016

"In my view, Wall Street would be very uncomfortable with a Trump victory," says Paul Bennett, a clinical professor of finance and business economics at Fordham University's Gabelli School of Business and former chief economist at the New York Stock Exchange.

Bennett sees two downsides to a Trump win. "First, Trump is very unpredictable and would cause problems for the U.S. throughout the world. Second, investors and traders in general would not view Trump as a Wall Street insider, or even a broadly sophisticated businessman, since his most visible business is so idiosyncratic and self-promotional."

Yet it wouldn't even take a Trump victory to make markets nervous: just a whiff would be enough. "Markets will be weakened as the probability of Trump victory rises," Bennett says, noting that Clinton might actually be the preferable candidate on that score. "Hillary would be better for Wall Street because she is not an ideologue and is unlikely to take big steps to rein in Wall Street."


http://www.msn.com/en-us/money/savingandinvesting/why-wall-street-is-terrified-of-president-trump/ar-BBqhQQ8?li=BBnb7Kv

[CoffeeCat]

1. They talking heads on CNBC's Nightly News Report said the same thing last night

During a discussion about the election on Nightly Business Report last night, the pundits and talking heads agreed that Wall Street would be most comfortable with a Hillary Clinton presidency.

HOGAN: But if we get down to a Hillary/Trump race, oddly enough this would be a situation where you’d say Hillary is probably more market friendly. She’s a known known.

http://nbr.com/2016/03/02/transcript-nightly-business-report-march-2-2016/

[imagine2015]

2. Thanks for the link.