Everyones predictions (now until end of election)
- Thread starter Tuneman
- Start date
I could see if the markets traded flat for the last 3 months leading up to this election on Tuesday but to say uncertainty, what uncertainty.....the markets rallied very hard these last 3 months. In the last few weeks articles have been showing that the democrats will take the House and the Senate most likely will stay with the Republicans.
My prediction is the Democrats win the House and the Republicans the Senate, most likely the markets may take a negative reaction to the democrats winning the house, even more downside if the democrats take the senate as well. Markets will most likely trade down by mid November. Everyone on Fox saturday morning was more bullish than the next talking about DOW 13,000 etc. Who knows, I see at least a 2-3% pullback before the next mini rally as for DOW 13,000, to early to tell.
I think that's very possible, for a couple of reasons. For one thing, the media has been reading the Republican Party's obituary for the last two or three months. Anything less than a complete, total wipeout of the Republicans will seem like a victory. Democrat gains have been hyped very, VERY hard.
Also, yes, we've had a big run already, but we're still in an uptrend and people are looking for an excuse to buy. Putting a contentious election behind us will be a relief for the market (and everyone else). Seasonal trends will probably help, too.
Mon +
Tues +
Wed -
Sell on the news
Akuma
Tues +
Wed -
Sell on the news
Akuma
Didn't the Rumsfeld resignation in my forcast ... oops!
Akuma
Akuma