Re: Financial topics
Posted: Sat Oct 24, 2020 9:25 pm
5th worst roads in the country.
But we have the highest gas tax.
Filth.Inc in control.
But we have the highest gas tax.
Filth.Inc in control.
Generational theory, international history and current events
https://www.gdxforum.com/forum/
I am not sure Biden will win but I do think the market should crash if he does. Kamala is too far left for these stock prices. The market should crash from inflation no matter who wins but not clear how soon. But if socialists are taking over in some country you don't want to be invested in businesses there. Enough people know this that selling should start soon after the election in that case.Higgenbotham wrote: Sat Oct 24, 2020 6:41 pm My best guess forecast goes like this.
The stock market has been putting up a brave front, saying it doesn't matter who wins the election. Who wins the election matters to the stock market and this time it matters a lot. Biden will win the election. The Deep State slipped up last time and they won't let it happen again.
The stock market may already be down considerably by the time Biden wins. After Biden wins, the market will slip November 4 and again on November 5. Several analysts will at that point call a bottom. On November 6, there will be a massive flash crash, a flash crash times 10, that takes the S&P down over 1,000 points in one day. The market will temporarily recover, then go on to make lower lows into November 12.
You probably have a better perspective on that than most in the US. A few months ago, the US futures tanked overnight and the reason given was that the Europeans sold because Sanders had won a few primaries. Nobody here in the US took it seriously, but just a hint of a socialist in the White House got foreign investors very concerned. Now that Biden has been widening his lead in the betting markets, US futures have once again been weaker overnight.vincecate wrote: Sat Oct 24, 2020 10:24 pm But if socialists are taking over in some country you don't want to be invested in businesses there. Enough people know this that selling should start soon after the election in that case.
Highly plausible scenario, Higg, I suspect that the market peaked some days ago just below 3600 and is now on a slow descent. The 3480 support level broke last week and is now a resistance which capped the rally last Friday, and by the time we get to the November 3 election the index could easily be 3200 or considerably lower, 3200 being 10% below the peak. So adding to the market discomfort of a Biden win, and since he is very old, the prospect of a socialist Harris presidency will not be welcomed, plus we have margin pressure on the short trading from the 10% decline. Could be extremely volatile as the short squeezes cause havoc!Higgenbotham wrote: Sat Oct 24, 2020 6:41 pm My best guess forecast goes like this.
The stock market has been putting up a brave front, saying it doesn't matter who wins the election. Who wins the election matters to the stock market and this time it matters a lot. Biden will win the election. The Deep State slipped up last time and they won't let it happen again.
The stock market may already be down considerably by the time Biden wins. After Biden wins, the market will slip November 4 and again on November 5. Several analysts will at that point call a bottom. On November 6, there will be a massive flash crash, a flash crash times 10, that takes the S&P down over 1,000 points in one day. The market will temporarily recover, then go on to make lower lows into November 12.