John Rubino asks, if divided government is bad for stocks, why are stocks soaring? Markets have gone into a bout of euphoria. Stocks were doing really well before today on the expectation that stimulus would be on the way, in very generous amounts. Treasuries were on the rise. Whatever happens next is great for gold, though the timing is tricky. If stocks tank when traders figure out that stimulus will be delayed, that might pull gold down. But the eventual resulting stimulus will send it through the roof.
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