Bloated orange moron has already trashed your economy and status in the world- but keep up with the death and infection rates- looking peachy for a Covid victory. Nobody thinks Trump is a good idea
Stock Market Falls on Fears of Biden Win
- Thread starter FortuneTeller
- Start date
No the Virus has killed people there is no way to stop that, the lockdowns have bankrupted everybody and Trump was against the lockdowns so not responsible for either.
Total Muppet but he's been 100% right on the Covid and forced into all the crap sadly.
The "market" has been sure of Biden's win since late summer. The market is falling for reasons both fundamental and technical. The biggest fundamental head wind is the failure bu the Pelosi/Trump/McConnell Triumvirate to pass a meaningful stimulus. The market is now assessing if any stimulus will now be too late to prevent a true economic calamity.
This is simply partisan or careless opinion-"journalism" ... when Wall Street traders and firms give Biden $5 to $1 over Trump, they already know who is the likely winner.
Odds are based around how much $$$$ wise is on both sides of the Bet.
So if Biden has 6Mil bet on hit to win and Trump has 1Mil bet on him to lose, the odds will be set so which ever way it goes the bookies will always walk away with 1Mil profit or there abouts.
I'm not talking betting markets. I think the betting markets have it closer actually. I speaking of direct contributions to the two campaigns.
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Naaa.
Politics aside, tech was bloated and it needed, and still needs, a healthy pullback.
When you get down-drafts like last week initiated by one sector, they always take a lot of good long term stocks down with them. That's why its always good to have at least 30% dry powder in any kind of self directed non-trading type (long term) retirement account and a wish list of good companies to buy at a discount. For example, I hesitated buying into the airlines this spring as there were too many unknowns, but I think its all out there now and took the opportunity last week to open an initial position with LUV.
You know what the ultimate irony will be... is a huge rally on a Biden win. Boy that'll piss Trump off. If MI and PA come in strong Tuesday for Biden... the whole carnival will be over by Wednesday morning. Monday will be flat. Any further weakness in AMZN on Monday should be bought.
-vz
Wall Street is betting on China and globalists at the expense of the US, and Trump is an inconvenience. That simple.
China declared a war on US on May 19, 2019 [in case your media forgot to tell you this]. They call it People's War. Research it.
The virus has followed. This is a bogus one, the next one will be deadly.
China declared a war on US on May 19, 2019 [in case your media forgot to tell you this]. They call it People's War. Research it.
The virus has followed. This is a bogus one, the next one will be deadly.
%%I happen to know on a first name basis more than a few traders using a system who have done quite well swing trading trends - position holding time frames days, weeks, sometimes months depending on the set up.
He must have looked @ wrong system/LOL;
I've done that 2.
But like my USA banker dad said, ''operator trouble''...……………………………………………………………...IF I had to trade trends/noise on a 5 minute chart, I would most likely have operator trouble also.