Stock Market Down for 8 Days Straight – Longest Decline Since 2008

Stock Market Down for 8 Days Straight – Longest Decline Since 2008

Stocks have continued to decline this Thursday as investors wait in nervous anticipation on next week’s nail biting presidential election. Investors like to bet on sure things, or at least stable things. So they have generally been in favor of a Clinton victory as she is seen as being reliable. While her competitor, Trump, has policies that are vague and uncertain. This has caused a bit of chaos in financial markets. The last time stock markets were down eight days straight was October in 2008, which was a huge financial catastrophe. However, this time the losses have been muss less severe.

Experts say that the formula is very simple, the more uncertainty, the lower the market. A tool used on Wall Street called the VIX measures how volatile the market is and is nicknamed the “fear gauge” has measured the current state jumping 16 percent this week. This is the highest state since June.

Used as an indirect catalyst for Trumps campaign, the Mexican peso gained one percent against the dollar on Thursday. Expects are saying that Trumps victory would cause a significant decline in the Mexican economic state and the peso’s value would plummet.

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