Posted on 10/28/2020 4:37:08 PM PDT by aimhigh
So much for the market’s best day of the year. Oct. 28, on average the S&P 500’s best-performing day over the past 70 years, was instead one of 2020’s worst as COVID-19 concerns continued to flare up in the U.S. and Europe.
Cities such as Chicago and Newark are renewing restrictions on businesses and public gatherings amid not just record-high new caseloads in America, but rising hospitalizations and deaths as well. In Germany, restaurants and theaters will be shut down for four weeks, and other European countries are stepping up their own measures to fend off a second wave.
(Excerpt) Read more at tribunecontentagency.com ...
Apparently they are.....that’s a BIG drop!
Investors are preparing for the GDP numbers. Selling off to get good deals tomorrow.
I think they’re worried about LOCKDOWNS.
Biden must be up in the polls
No they are doing this to hurt Trump!
Yes
Long term investors should not be selling here. If anything they should be buying,
Markets always sell off in the October of presidential election years. This was widely predicted. Those of us who put the indices are feeling quite satisfied. A couple more days and time to cash in. After the election hubbub subsides, the market will recover and move on to the Christmas rally.
Or Wall Street is trying to depress Trump voters.
The Wisconsin poll. Biden +17. Only institutional investors would believe that.
That’s what I think. We froze everything the week before the election, expecting this. I can’t imagine what we’ll do with a Biden, excuse me, Harris presidency.
Maria Bartiromo said this morning that the dip was (at 6am CDT) due to the closing of businesses in Europe for fear of Wuhan Virus. And she saw some political anti-Trump manipulation as possible during the day.
Put my IRA in cash today...should have done it on Monday....will wait out the election.....Have never sold before.....hoping Trump wins and the riots and virus will kill the market for a few weeks...
Recent revelations have made them doubtful that it will happen - thus the big drop.
IF ALL governors imposed a curfew and called out their national guard units with a premessage saying that all rioters would be dealt with as hardened criminals, there would be no riots or “unrest.”
If they don’t protect their states, they should be subject to arrest and have to pay for all the damage out of their own pockets.
We’ve been through all this riot shit before and there’s no JUSTIFICATION for governors allowing it.
The woke financial sector would gladly work hand in hand with the Democrats to destroy the economy and blame it on Trump’s policies on COVID-19.
“Investors are worried about a Biden presidency.”
Many of them would prefer Biden. They can handle him with pocket change. Trump will give them every opportunity to make money, but he will want it done legally and he likes helping the little guys too. And Trump is after some of the BIG boys. Biden wouldn’t do that, they are already partners.
The two largest investment sites, MarketWatch and CNBC are in the tank for Biden all the way.
They are worried about the economy due to the COVID. When cases peak and start down the market will go to new highs, no matter who is president.
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