Posted on 11/03/2020 7:25:42 AM PST by LRoggy
Didn't see a thread for how the Stock Market is reacting today.
At 10:24am the market is up 670 points and as an Investment Manager in his 60's I'm telling everyone from experience this is the smart money deciding that the Republicans will have full control of the House, Senate and Presidency.
From your lips to God’s ear ! Getting Nancy out of a position of power would be a God-send!
Surely it’s because they think Biden is going to win. I mean, with all the lockdowns coming, tax increases, regulations, and war on small businesses, he HAS to win.
yeah...because business wants more lockdowns! NOT!
I gambled and kept my retirement fund in stocks instead of pulling it out into the zero interest money market fund.
Hopefully there won’t be a giant crash today or tomorrow as election returns come in.
Gold is up.
Hi, I’m an institutional equities trader ... retired, in her 70s. Howdy!
It might be merely a Trump win, but I like your interpretation better.
Let’s hope it’s a giant middle finger to the left.
Wall Street donates big time to Biden, but Wall Street knows that Trump drives the market.
They are also smart enough to know the polls are BS.
The smart money is telling us Trump has won...BIG.
They gave us a “peek” yesterday with a 400 point gain.
Last week it looked like a Biden romp. This week, not so much.
I also think the markets are pointing to a Trump win. I am recently retired and my stock market gains so far today are about 150% of my highest annual salary when I was working.
I bought a QQQ 11/6 $285 Call this morning at $.67 ($67) and it is at $1.45 ($145) at the moment. Gonna sit on it until later today unless it starts bouncing around.
I did the opposite, in case the hoodlums significantly interrupt our infrastructure after Trump’s win.
If Biden wins, the market will thrive until January. Once in office, the first mention of taxes or financial reform short everything and if you have a retirement account, take the hit and move your money out of it. It will be cheaper than leaving it in and getting hammered.
The "logic" of anticipating Biden spending seems irrational given all the resulting destruction of true economic engines.
Also, keep in mind that “Wall St” usually means the Wall St broker/dealers. They do not drive the market. The investors (institutional and retail) drive the market.
Correct. With Biden’s lockdowns coming, can’t spend money on vacation travel, restaurant dining, shopping at high end malls, no need to trade in the car with no place to go.
So the money has to go somewhere.. the stock market!!
Hahahaha
That's protection money paid to the Biden shakedown racket.
Wall Street always donates big time to Democrats. (Hillary 2016.) They know what the Republican business positions are, so they hedge their bets in case a Democrat wins, and their donations will give them a seat at the table.
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