I’m tempted to transfer my Vanguard 401K portfolio into their zero interest money market fund, and sit things out until after the election.
Talk me off of the ledge, please...
According to CNN Business, the stock market is surging on expectations of a Biden victory.
Numbers reported here for today are incorrect.
As of Wed close
DJIA up 454 to 29100
S&P 500 up 54.19 to 3580
NASDAQ up 116 to 12056
My guess is the markets recent surge is a combination of the China Virus becoming much less of an issue as people are fed up with the lock down and the rapidly improving economic outlook.
The lock down is quickly winding down and as others have said and I agree, this will never be allowed to happen again in this country. I don’t believe the people will stand for it again after what we have learned.
...and the prospects of President Trump's re-election!
As investors fill their wallets with more covid cash. Most notably the vax producers. Its an rna virus, so they could inject saline for about the same efficacy.