Why Private Prison Stocks Soared When Trump Got Elected
Via The Daily Bell
Why did “private” prison stocks soar the day after Trump got elected?
It is almost like people in the industry knew something that the public didn’t. The former Attorney General Yates said that private prisons would be phased out. So before any cabinet members had been announced, why were stockholders betting that private prisons would not be phased out after all?
It could just be Trump’s tough on crime stance in general. But something else happened days earlier that suggests Washington insiders already knew what was going to happen.