Luckily, the impact was short-lived.
The Trump campaign on Wednesday vowed to demand a recount in the critical battleground state of Wisconsin, confirming Wall Street’s warnings of a contested election that’s drawn comparisons to the 2000 Bush-Gore presidential race, when results were decided by the Supreme Court in December of that year; here’s how that delay tanked markets. Markets hate uncertainty, and Wall Street spectators have been saying for weeks that if a dispute is escalated to the point of triggering a legislative or judicial battle, stocks could tank 10% or more in a worst-case scenario for markets. A surge in mail-in ballots rolling into state Board of Elections offices through Election Day–and even beyond–compounded doubts that results would be known by the end of Tuesday, and many experts were ultimately correct in predicting a delay.
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USA — Financial The 2000 Election Wasn’t Decided Until December After A Recount–Here’s What Happened...