The big boys (hedge funds, banks, brokers, mutual funds) move the stockmarket. Not the legions of uninformed market participants trying to decipher every little bit of noise that occurs in the stockmarket. They do not have the monies to move the stock of any large company. Only in penny stocks where there is a small amount of float, that the gurus and their students trade against each other practically. So, pick your poison if you are dumb enough to be in the stockmarket and have no clue what the hell you are doing. Bet it all on your supposed wisdom that way, you lose your monies all in one fell swoop. Then, you can come back to the ET forum and post your horror story of how you lost everything.
Why is the stock market rejoicing if republicans have not clearly won the senate?
- Thread starter zdreg
- Start date
Because Wall Street owns both Political Parties.
%%.
XOM sector is still downtrending\ mostly.
WALL Street most likely thinks the tax cutters win in the US Senate.
FOX news prejudged AZ race/ WH could easy win. CPAs can win, no matter who wins.
US Senate has a larger leverage now as nothing gets passed if they object to it. Gloves come off as election is over. I see a stimulus bill passing although, it would be much smaller than that $1.9 trillion President Trump was already giving Nancy Pelosi. Nancy Pelosi has lost because she was more about making President Trump look bad. Now, her leverage is gone.
Because Joe Biden has about the worst situation you could imagine - Mitch McConnell, a conservative Supreme Court, and a Congress that badly overplayed it's hand with some genuinely insane ideas that obviously turned voters off.
And in November '22 it's mostly Democratic seats up for election.
Wall Street loves gridlock, and they have it in spades.
And in November '22 it's mostly Democratic seats up for election.
Wall Street loves gridlock, and they have it in spades.
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As for me, that's an ideal situation for the country. Divided congress and Trump gone.
Apparently it's all one big scam
You forgot 2 words:The real scam was shown in the Lincoln Project.The real scam was the Lincoln Project.