Stock Market Today: Dow Drops 943 Points as Investors Storm the Exits

Tribune Content Agency ^ | 10/28/2020 | KIPLINGER CONSUMER NEWS SERVICE

[Gator113]

Agreed.

[Huskrrrr]

Fidelity manages my account. They transferred some of my funds a couple days ago. My loss was small today.

[SmokingJoe]

Trump actually has some National Guardsmen from the south and federal marshals etc on standby in strategic positions for just such an insurrection. However, given that Dem governors/mayors would much rather allow the rioters and looters steal and burn everything down, Trump may have to invoke the Insurrection Act to be able to go in and crush the riots.

[sheehan]

profit taking.

cash on sidelines waiting for election to pass.... markets hate uncertainty (even though WS knows Trump will win).

[Cobra64]

Due to the media and everyone else hyping Covid cases. If people kept their mouths shut, circumstances wouldn’t be different. Even here, there is an obsession with this flu like it’s a religious cult.

[mmichaels1970]

Sold everything about a week ago. Figured I’d wait until after the election. It’s gonna be a wild ride.

[FreeReign]

I moved most of my 401k into cash a few months ago in anticipation of a Democrat party politically motivated market crash. The market manipulators are creating an opportunity for me. After Trump wins re-election, I'll buy back into the S&P 500 at bargain prices.

Dow Futures are up almost 1% so far tonight. It's very hard to jump back in at or near the bottom. The market usually turns on a dime.

[No_Mas_Obama]

Somewhat disagree. The woke financials believed in a Rat sweep and all kinds of corporate handouts. They even made up fake models to show that Rat hyperspending (i.e. handouts) would more than offset the negative impact of a massive corporate tax hike. So the woke financials aren’t happy that Trump and GOP have all the momentum heading into the final vote.

[TexasGator]

Stock Market Today: Dow Drops 943 Points as Investors Traders Storm the Exits

[meowmeow]

Did the same last month. And with some funds you can’t buy back for 30 days. I wanted to give myself buffer so I could pop back in after Trump wins again.

[roadcat]

Markets always sell off in the October of presidential election years. This was widely predicted.

Yep. I sold off a majority of my holdings several weeks ago. So did my wife. Too much scent of a crash coming. When the market bottoms and begins recovery we'll move cash back in. 33 years ago was the big crash of October 1987. Things don't go well in the market during October.

[meyer]

Democrats attempting to crash the market.
They’re creating nothing but buying opportunities.

[damper99]

Market is expecting Joe to win.

[roadcat]

And with some funds you can’t buy back for 30 days.

Same here with most of mine. But I figure this downward slide is not over, there's still uncertainty even into November. I can wait a couple months.

[Doctor Freeze]

So, everyone who is timing the market and getting out will know exactly when to get back in also? Smart people here!

[rolling_stone]

the chinese ccp is shorting imo..they want to hurt trump

[mmichaels1970]

So, everyone who is timing the market and getting out will kno So, everyone who is timing the market and getting out will know exactly when to get back in also? w exactly when to get back in also?

Nope, not me. I just knew a week ago that with potential chaos looming it was a good time to move it all out. I’m waiting til after the election before I’m getting back in. To each his own.

[Boomer]

Yesterday there was an article claiming Wall Street is expecting a Biden win.

I guess today they decided that won’t happen.

Sometimes I wonder how much of this is market manipulation by certain market players.

[dp0622]

that’s a staggering number no matter how you play around with it.

And now SC and PA can count votes for days after.

Things looked a lot brighter yesterday

[dp0622]

So you and others weren’t sharp enough to catch that huge fall in September?

At least you lost but not as much as if you had gotten out then.

Still lost though.

sorry