But but but, Trump said the markets would crash big time.
Why a Democratic win doesn't crash the stock market?
- Thread starter CoolTrader
- Start date
Yeah. Prior to Trump's election, the talk was of a market crash if he won. Opposite happened. Same thing here... "Biden win = market smash".... NOT... at least, not today!
(Market bubble likely WILL burst/smash under Biden... but will be "blown/stretched bigger" first..?)
Any ETers buying calls on the VIX?
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https://www.taxpolicycenter.org/briefing-book/what-reconciliation
Reconciliation legislation is passed through an expedited process. First, Congress passes a budget resolution containing “reconciliation instructions” telling congressional committees how much they need to change revenue and mandatory spending to conform to a new budget resolution. The committees’ responses are then bundled by the House and Senate budget committees into a single reconciliation bill for consideration in each chamber.
Reconciliation bills are subject to special rules in the Senate. Debate on reconciliation bills is limited to 20 hours. If the law is free of points of order, it can be passed in the Senate by a simple majority; the 60 votes necessary to shut off a filibuster are not required. Any member, however, can raise a point of order against a reconciliation bill if it violates the spending and revenue targets in the budget resolution or other budget rules and laws. Sixty votes are needed to overcome a point of order. The House can set procedural rules on any legislation, including reconciliation bills, by adopting a special “rule” determined by the House Rules Committee. Debate is limited in the House to whatever time the Rules Committee allows.
The George W. Bush tax cuts of 2001–03, a substantial portion of Barack Obama’s health reform, and Donald Trump’s more recent tax cut and reform bill of 2017 were passed using reconciliation procedures. The content of reconciliation laws is limited in the Senate by the Byrd rule, which generally disallows items that do not affect outlays or revenue. The Byrd rule also prohibits initiatives that would increase the deficit beyond the fiscal years covered by the budget resolution.
" Legislate in haste. Repent at leisure."
The filibuster rule is a necessity to stop politicians from their selfish greedy power hungry grabs.
The only thing Trump knows about financial markets is how to issue junk bonds to the greedy public, before the eventually bankruptcy of his companies.
We will will we?
Make you a deal, I won't mess with Norwegian politics if you won't mess (ignorantly) with U.S. politics.
Market indices are a reflection of "general psychology".
Individual stocks may be outside that.
As a general rule, Dems and Repubs are actually two sides of the same coin. The only diff is that "DemoCraps deserve to be shot first".