stock market was up today...

#8,806
#8,806
allvol123 said:
Serioisly saw a headline stating Dow jumped today off Biden victories. The media is truly dead.
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May be some truth to it. The market probably likes that a Sanders presidency is becoming less likely. It prefers Trump, and Biden is better than Sanders.
 
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#8,810
#8,810
rjd970 said:
May be some truth to it. The market probably likes that a Sanders presidency is becoming less likely. It prefers Trump, and Biden is better than Sanders.
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Yeah if Biden or Trump wins the economy will be fine. A Sanders victory would be immediate recession.
 
#8,811
#8,811
FLVOL_79 said:
Yeah if Biden or Trump wins the economy will be fine. A Sanders victory would be immediate recession.
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As much as I don't like Bernie, I don't agree with that. Remember, people said the same thing about Trump. IMO, the impact of politics and in particular who the President is overstated on financial markets.

Assuming that the majorities in the House and Senate remained the same, it'd be impossible for Bernie to pass anything in his agenda. It'd be pretty hard even if he had majorities in the House and Senate; he'd likely have to strongly temper most of his proposals. Remember Obama campaigned on universal, single-payer health insurance, then backed off to a public option once he took office, and what ultimately got passed was a bill that, among other things, simply fined people for not having private health insurance. There ended up being no government option whatsoever, much less universal.
 
#8,812
#8,812
05_never_again said:
As much as I don't like Bernie, I don't agree with that. Remember, people said the same thing about Trump. IMO, the impact of politics and in particular who the President is overstated on financial markets.

Assuming that the majorities in the House and Senate remained the same, it'd be impossible for Bernie to pass anything in his agenda. It'd be pretty hard even if he had majorities in the House and Senate; he'd likely have to strongly temper most of his proposals. Remember Obama campaigned on universal, single-payer health insurance, then backed off to a public option once he took office, and what ultimately got passed was a bill that, among other things, simply fined people for not having private health insurance. There ended up being no government option whatsoever, much less universal.
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People said the same thing about Trump, the left wingers, because they were just fear mongering. They had begun to get an itchy butthole over Trump possibly winning. The markets immedietly reacted positively for months after election night. Anyone with half a brain knew a business hell bent on making cash wasn't going to attack our countries wealth and economy systems. Thats why Biden and Bloomberg wouldnt be too terrible. Biden would just be really sad.

Bernie on the other hand has made it his platform..Go after Wall Street and take as much money away from people as possible. Obama gave that vibe when he won the office, thats why the stock market kept tanking after he got elected. After a few months people realized he wasn't as crazy as he sounded. Bernie is. Thats why you have a "Biden" bounce today because it limits the chances of Sanders getting the nomination. Sanders is poison for the country and anyone who has any kind of wealth.
 
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#8,813
#8,813
FLVOL_79 said:
People said the same thing about Trump, the left wingers, because they were just fear mongering. They had begun to get an itchy butthole over Trump possibly winning. The markets immedietly reacted positively for months after election night. Anyone with half a brain knew a business hell bent on making cash wasn't going to attack our countries wealth and economy systems. Thats why Biden and Bloomberg wouldnt be too terrible. Biden would just be really sad.

Bernie on the other hand has made it his platform..Go after Wall Street and take as much money away from people as possible. Obama gave that vibe when he won the office, thats why the stock market kept tanking after he got elected. After a few months people realized he wasn't as crazy as he sounded. Bernie is.
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It tanked after he got elected because we were in the throes of a financial crisis. It bottomed in March 2009, 2 months after he was inaugurated (...and in the midst of a lot of fears about what healthcare bill was going to end up getting passed), and went up at basically a 45 degree angle until he left office.

I think that Bernie really does believe in most of what he says, which makes him unique as a politician. But the US isn't a dictatorship though. Just because he says he supports something on the campaign trail doesn't mean it would actually be passed, or that it would be passed in the fashion he'd like to see it.
 
#8,814
#8,814
05_never_again said:
It tanked after he got elected because we were in the throes of a financial crisis. It bottomed in March 2009, 2 months after he was inaugurated (...and in the midst of a lot of fears about what healthcare bill was going to end up getting passed), and went up at basically a 45 degree angle until he left office.

I think that Bernie really does believe in most of what he says, which makes him unique as a politician. But the US isn't a dictatorship though. Just because he says he supports something on the campaign trail doesn't mean it would actually be passed, or that it would be passed in the fashion he'd like to see it.
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The markets months long recovery was because Obama got elected and was a massive unknown. Like I said, once people saw he really couldnt do too much things got better.
 
#8,815
#8,815
FLVOL_79 said:
Yeah if Biden or Trump wins the economy will be fine. A Sanders victory would be immediate recession.
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If Biden wins and the Rs hold the senate it won't be that bad, will be losses but mostly stagnant. If Biden wins, Ds hold the house and take the senate you better have some cash hidden under your mattress.
 
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#8,816
#8,816
05_never_again said:
As much as I don't like Bernie, I don't agree with that. Remember, people said the same thing about Trump. IMO, the impact of politics and in particular who the President is overstated on financial markets.

Assuming that the majorities in the House and Senate remained the same, it'd be impossible for Bernie to pass anything in his agenda. It'd be pretty hard even if he had majorities in the House and Senate; he'd likely have to strongly temper most of his proposals. Remember Obama campaigned on universal, single-payer health insurance, then backed off to a public option once he took office, and what ultimately got passed was a bill that, among other things, simply fined people for not having private health insurance. There ended up being no government option whatsoever, much less universal.
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I don't think that Bernie as the POTUS would be nearly as big of a problem as voters putting in a socialist would be. If that many voters believe in that garbage, the markets (and freedom) will bern for decades.
 
#8,817
#8,817
05_never_again said:
You need to follow some better technicians then if the ones you follow use charts to make predictions, then change trendlines on a chart after the fact to "explain" what occurred. That's just sophistry, not any sort of analysis.
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OK this is a good point for a test. What does technical analysis tell us where the stock market is going to be three months from now?
 
#8,818
#8,818
Velo Vol said:
OK this is a good point for a test. What does technical analysis tell us where the stock market is going to be three months from now?
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It doesn't tell you where the stock market is going to be 3 months from now. Fundamental analysis doesn't either - nothing does. If it did, everybody could just quit their job and trade stocks.
 
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#8,819
#8,819
05_never_again said:
It doesn't tell you where the stock market is going to be 3 months from now. Fundamental analysis doesn't either - nothing does. If it did, everybody could just quit their job and trade stocks.
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If it doesn't, why bother?

I you follow leading economic indicators, or sector analysis, it doesn't (for sure) tell you either, but it'll give you some good warning signs.
 
#8,820
#8,820
Velo Vol said:
If it doesn't, why bother?

I you follow leading economic indicators, or sector analysis, it doesn't (for sure) tell you either, but it'll give you some good warning signs.
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You have a very odd, simplistic, black and white way of looking at this stuff.

Any sort of security analysis (technical, fundamental, or whatever) is an attempt to approximate what the risk is and what the return is. They'll show you warning signs, as you mentioned above.
 
#8,822
#8,822
ESbYErZX0AIDPWv
 
#8,823
#8,823
I splayed off some stock market money today that I might need in the next few years so if the market skyrockets next week I expect some remuneration for restoring the market.
 
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