stock market was up today...

#10,876
#10,876
Sea Ray said:
I don't think you can talk about the future of the stock market and not mention the Presidential election. It seems to me that the results of that will be huge for the markets
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Less than you might expect.

Trump is a known commodity. Markets like him.

Joe Biden is a 40 year insider, a true politician. He poses no real systemic threat to the Markets.
 
#10,877
#10,877
Ernest T. Vol said:
Yes. Everything is an input...all of the time...even if one disagrees with the reality of the input, ie the fed. Basically, some on here are saying they are more knowledgeable than the market.
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They’re confused, more than anything. They don’t understand how the Market can be up at a time like this.

It’s like they were asleep when the markets took a massive tumble a few months back.
 
#10,878
#10,878
85SugarVol said:
Less than you might expect.

Trump is a known commodity. Markets like him.

Joe Biden is a 40 year insider, a true politician. He poses no real systemic threat to the Markets.
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Are you kidding me? Where do you keep your money? He's already decried that he's going to raise taxes on people that make over $400k and on corporations. This man will kill the country in a few short months.
 
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#10,879
#10,879
85SugarVol said:
Less than you might expect.

Trump is a known commodity. Markets like him.

Joe Biden is a 40 year insider, a true politician. He poses no real systemic threat to the Markets.
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I would think higher taxes, more gov't regulation and his mental state would give the markets the jitters. The markets sure didn't like the news that Obama won in 2008.
 
#10,880
#10,880
VolStrom said:
Are you kidding me? Where do you keep your money? He's already decried that he's going to raise taxes on people that make over $400k and on corporations. This man will kill the country in a few short months.
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Raising taxes on individuals and corporations isn’t a good thing imo. It won’t tank the Market, though.
 
#10,884
#10,884
Velo Vol said:
When did the market get the news that Obama won?

View attachment 302252
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You don’t have to like Obama. I didn’t.

You can say the markets would have preferred else. They probably did.
You can say the markets had nowhere to go but up. They probably did.
You can say the markets should have done even more. They probably could have.

What you can’t say is that the markets tanked under Obama. Because they didn’t.
 
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#10,885
#10,885
85SugarVol said:
You don’t have to like Obama. I didn’t.

You can say the markets would have preferred else. They probably did.
You can say the markets had nowhere to go but up. They probably did.
You can say the markets should have done even more. They probably could have.

What you can’t say is that the markets tanked under Obama. Because they didn’t.
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It’s as if people think they are being presented with choice. No matter whom is elected, the same people who run the country will be in charge. There will be no radical difference. Oh, they’ll tinker around the edges to present the illusion of choice, but there is no choice. The USA was bought out and sold long ago.
 
#10,886
#10,886
85SugarVol said:
Less than you might expect.

Trump is a known commodity. Markets like him.

Joe Biden is a 40 year insider, a true politician. He poses no real systemic threat to the Markets.
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Biden the 40 year insider himself may not have been a extremist, but he's picking people that definitely are.

Biden's Mask Of Moderation Has Finally Slipped

And one name that's probably unknown when compared against Bernie and AOC in that article that causes me much concern is Stephanie Kelton. The co-chair of Biden's economic policy task force. She is "the" proponent of Modern Monetary Theory which says the govt should print as much as it wants with no regard to deficits or debt.
 
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#10,887
#10,887
TheDeeble said:
Biden the 40 year insider himself may not have been a extremist, but he's picking people that definitely are.

Biden's Mask Of Moderation Has Finally Slipped

And one name that's probably unknown when compared against Bernie and AOC in that article that causes me much concern is Stephanie Kelton. The co-chair of Biden's economic policy task force. She is "the" proponent of Modern Monetary Theory which says the govt should print as much as it wants with no regard to deficits or debt.
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So she likes Trumps policy. That's strange if she's working with Biden.
 
#10,889
#10,889
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#10,890
#10,890
85SugarVol said:
Less than you might expect.

Trump is a known commodity. Markets like him.

Joe Biden is a 40 year insider, a true politician. He poses no real systemic threat to the Markets.
Click to expand...

Maybe Biden doesn’t, but the real president will be Kamala Harris and the BLM agenda. Joe is just the conduit to get them there. When the markets figure that out, they’ll take a giant s***.
 
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#10,891
#10,891
Ernest T. Vol said:
Yes. Everything is an input...all of the time...even if one disagrees with the reality of the input, ie the fed. Basically, some on here are saying they are more knowledgeable than the market.
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I usually say something like many variables, but I like the “everything is an input” description of what moves equity markets.
 
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#10,896
#10,896
Sea Ray said:
I would think higher taxes, more gov't regulation and his mental state would give the markets the jitters. The markets sure didn't like the news that Obama won in 2008.
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Huh? The economy was in the throes of a financial crisis when he was elected, bottomed in March 2019 (2 months into his term), and essentially went up at a near-perfect 45 degree angle until he left office. It's continued to go up after he left office.

"The market will tank if Biden is elected" reminds me so much of "the market will tank if Trump is elected, because he's a loose cannon" in 2016.
 
#10,897
#10,897
05_never_again said:
Huh? The economy was in the throes of a financial crisis when he was elected, bottomed in March 2019 (2 months into his term), and essentially went up at a near-perfect 45 degree angle until he left office. It's continued to go up after he left office.

"The market will tank if Biden is elected" reminds me so much of "the market will tank if Trump is elected, because he's a loose cannon" in 2016.
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It was in throes of a financial crisis in 2008. Even so the election of 2008 threw it into a further tailspin. I've documented this. We are in the throes of a financial crisis right now but the market is holding its own. If it tanks after a Biden election, comments like "the economy was in the throes of a financial crisis when he was elected" will hold no water.
 
#10,898
#10,898
Sea Ray said:
It was in throes of a financial crisis in 2008. Even so the election of 2008 threw it into a further tailspin. I've documented this. We are in the throes of a financial crisis right now but the market is holding its own. If it tanks after a Biden election, comments like "the economy was in the throes of a financial crisis when he was elected" will hold no water.
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No it didn't. The market bottomed 2 months after Obama was inaugurated. Obama had nothing to do with the market bottoming, but Obama being elected did not throw the markets into any further tailspin. Obama had been expected to be elected anyway by the fall of 2008. It wasn't a shock.

If Biden is elected, I'd expect a sharp and quick selloff, very similar to what happened after Trump, which probably would be a good buying opportunity.
 
#10,899
#10,899
05_never_again said:
No it didn't. The market bottomed 2 months after Obama was inaugurated. Obama had nothing to do with the market bottoming, but Obama being elected did not throw the markets into any further tailspin. Obama had been expected to be elected anyway by the fall of 2008. It wasn't a shock.

If Biden is elected, I'd expect a sharp and quick selloff, very similar to what happened after Trump, which probably would be a good buying opportunity.
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You're showing your ignorance. You obviously don't understand money, markets and the stock market. You also don't understand what was going on in Nov 2008. I will try one more time to educate you but my patience with ignorant people has its limits:

NEW YORK (CNNMoney.com) -- Stocks surged Tuesday, with the Dow gaining over 300 points, as millions of Americans battered by the weakened economy turned out to vote for the next President of the United States.

The Dow Jones industrial average (INDU) gained around 305 points, or 3.3%. The Standard & Poor's 500 (SPX) index added 4% and the Nasdaq composite (COMP) rose 3.1%.

"The election has been a source of worry for the market, so you're getting some relief that it's finally here," said Michael Church, senior portfolio manager at Church Capital.

Church said Tuesday's session was also continuing the recent trend of calmer trading, after months of gut-churning volatility.

Stocks rallied last week at the end of one of the worst months in Wall Street history. For the week, the Dow was up 10.1%, the S&P 500 was up 9.5% and the Nasdaq had gained 9.8%.
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CNNMoney.com Market Report - Nov. 4, 2008

See the optimism in that article? Here's the very next day:

Stocks fell sharply Wednesday, with the Dow sliding as much as 513 points, as Barack Obama's historic victory gave way to renewed worries about the struggling economy.

The Dow Jones industrial average (INDU) lost 486 points or 5%. The blue-chip average lost as much as 513 points earlier. The Standard & Poor's 500 (SPX) index lost 5.3% and the Nasdaq composite (COMP) gave up 5.5%.

Investors were taking a classic "buy the rumor, sell the news" response to President-elect Barack Obama's victory over John McCain, said Bill Stone, chief investment strategist at PNC Financial Services Group.
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CNNMoney.com Market Report - Nov. 5, 2008

The market continued its decline for months

https://www.smh.com.au/business/us-stocks-drop-20-after-obama-takes-office-20090306-8qe5.html

Those are facts.
 
#10,900
#10,900
Sea Ray said:
You're showing your ignorance. You obviously don't understand money, markets and the stock market. You also don't understand what was going on in Nov 2008. I will try one more time to educate you but my patience with ignorant people has its limits:



CNNMoney.com Market Report - Nov. 4, 2008

See the optimism in that article? Here's the very next day:



CNNMoney.com Market Report - Nov. 5, 2008

The market continued its decline for months

https://www.smh.com.au/business/us-stocks-drop-20-after-obama-takes-office-20090306-8qe5.html

Those are facts.
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You're showing your ignorance if you think any news article purports to know the reason behind any market move. You're pointing to 2 trading days in the midst of an incredibly volatile time for the markets, and drawing a conclusion from that that Obama tanked the market. The economy was in the throes of an awful recession and financial crisis in late 2008 and was moving largely based on that. The markets were in a tailspin from the fall of 2008 until March 2009, and a bear market began in 2007. But let's suppose they are right in this instance.

Besides, the market went up at a 45 degree angle from March 2009 until Obama left. Was the selloff after Obama was elected a good or bad buying opportunity? I'd love it if the market fell 20% after Biden got elected, then went up virtually uninterrupted for 4 years. Wouldn't you?

"I hope Biden doesn't get elected, because look at what the market did after Obama was elected!" is a really bad argument. Again, it reminds me of libs who were concerned the markets and economy were going to melt down after Trump was elected.
 
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