Posted on 11/06/2020 9:37:23 AM PST by Robert A Cook PE
Summary: Although the WSJ will never admit this, the stock markets rose or held their own through election day itself (Nov 3), Wednesday, and Thursday (Nov 5).
But today? Friday Nov 6, as Biden-Harris voters continue to increase at Trump's expense?
All markets are slipping.
(Excerpt) Read more at wsj.com ...
Yes, when Trump preserves his position, you'd take a loss getting back in the market. But otherwise, are you not looking at a 30% dro over the weekend as the fraud continues?
Decision time.
Buy on the rumor, sell on the news.
The Big Banks and "Money Managers" have been saying for months that the markets will do well even if China Joe wins. My Financial Advisor has been parroting that to me, despite my objections. I had been expecting a meltdown, but due to the outcome uncertainty and I suspect, some intervention by deep pocket libs who will benefit from the offshoring of American jobs, it has been postponed, but will come.
I don’t have a large portfolio but I have my Roth and a separate account. The separate account I can liquidate. The Roth is more complicated.
Decisions, decisions.
Dow: -76.71 / 28,313.47 / -0.27%
Nasdaq: -20.12 / 11,870.81 / -0.17%
S&P: -4.49 -/ 3,505.96 / -0.13%
At best, I don’t see a lot of upside here.
Wall Street, China, and the globalists want Biden. If Biden prevails, the stock market won’t do anything special short-term. They’ve already maxxed it for now.
There will likely be some pain in the small caps if Biden prevails. Big Tech and the SP 500 are good with Biden. The new oligarchy.
But unless there is the beginnings of a real, blood-spilling civil war (and I don’t count that out), there won’t be a devastating sell-off of the kind you suggest.
IMHO.
If they take the Senate, I fully expect an effort to nationalize the 401-Ks. Big gubmint will “protect” our hard earned investments.
It’s just one day after a huge runup.
Pretty small drop compared to the blood in the streets of last week.
I wouldn’t see today as anything more than a normal trading day after a HUGE run the past 4 days.
What happens next week and beyond is anyone’s guess.
Move your money into Emerging Markets funds. Those funds are stuffed with securities from CCP firms and banks. They will grow like topsy under Beijing Biden. Keep your money in US manufacturing if you want to go broke.
Yeah well, we will see.
Was just about to pull the trigger on a large sale of S&P but cancelled as I can tell I’m too worked up about the election...I sold a ton when Odummer got elected and the market did ok so I lost there.
Dow’s down 63. Panic in the streets. </sarcasm>
Doubtful the market drops 30% over the weekend.
1: I don’t see any reason for the market to go up or down significantly EXCEPT that being winterish, we can expect CV-10 cases to RISE, but this will be under-reported since there is no continuing need to overblame Trump if he has lost. Net effect = appx nothing.
2: It is impossible to escape a feeling of disappointment over Trump’s apparent loss for forum members here. That is immutable, inescapable.
3: Therefore, “today” decisions are likely to be overemotional.
4: My best assessment is that the market DOES NOT CARE whom the winner is. It is overjoyed that the event, the election is over. However, that is already in the market and we’ve already had a massive runup this past week or so.
5: I *DO* expect a considerable market drop into early next year. Circa Feb. Not yet and not now.
Let the Dow Jones, the S & P and other markets slip, slip, slip. The ones that voted for Hiden Biden and Heels up Harris get what they deserve. Unfortunately the rest of us are going to get hurt.
Market is down today because they are waking up to the fact the Senate will also be stolen.
What IMHO we should be watching is IF the Dems win these GA Senate races taking the majority of the Senate.
The market does not like when one party has complete control.
I try not make any decision based on emotions, especially financial ones. I’ll probably hold my ground for a bit longer.
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