The S&P 500's longest losing trend in 36 years, which ended Friday, suggested that Wall Street had gradually begun to doubt the absolute certainty of a Hillary Clinton election victory, although on Monday that appeared to dissipate and the market rallied.
The nine-day 3.1% decline for the S&P 500 benchmark is probably an ominous signal to those who had been betting that Clinton's winning the election was already a done deal.
Even so, there are concerns that if Hillary wins -- which obviously would help America avoid the controversial "Mexico wall" plans, prevent an aggressive deportation policy, and, in general, avoid an economic meltdown -- there still may be tough problems to deal with in the economy.
While Trump's blunt and virulent rhetoric, confrontational arrogance, personal eccentricities and a "grand economic plan" to restore the nation's former glory may seem unbelievable to many, it's likely that it won't be smooth sailing under a Clinton presidency either.
The stock market's nervousness is indicative of two things:
First, if Hillary becomes president, she may face years of inquiries and blocked nominees -- and not only from the Republican quarter. We've already seen some Democrats expressing their displeasure against Hillary.
Second, the premature arsenal of "threats" toward Clinton is reminiscent of Republican exertions to bewilder Obama at the outset of his presidency.
However, these moves may be unnecessary. In fact, the stock market needn't be so jittery. All this panic selling is just overreaction.