If they exchange gold wedding bands (the) price of gold will go up. If they travel to Europe on their honeymoon, the dollar will strengthen. If (Treasury Secretary) Robert Rubin and other administration officials are there, the Fed won't tighten again.
More Quotes from Greg Valliere:
One of the big stories coming out of this is the inability to get anything done in the next two years. Therefore ... the budget surplus is going to pile up dramatically because Congress won't agree on big tax cuts or big spending hikes.Greg Valliere
I think it's bad karma when you start talking down your own currency it smacks of desperation. If this turns into a rout, that will prove that classic adage -- be careful what you wish for.
Greg Valliere
There's an adage that the Fed cuts or hikes one time too many.
Greg Valliere
I think at the Fed they believe we're getting near full employment. You've got unit labor costs going up. If we get a very strong jobs number, I don't totally rule out a 50-basis point (half of a percentage point) hike in June.
Greg Valliere
This is not comparable to 2000. If we were talking 3,000 or 4,000 votes, it'd be a big story. But I think the markets will perceive this as a temporary delay of the inevitable.
Greg Valliere
The Red Sox won four games in a row after being down three nothing, so anything is possible,but I think the markets would perceive this as a long shot. I think at some point today (Wednesday) Kerry and his people get together and decide they don't want to be perceived as sore losers.
Greg Valliere
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