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11-05-2020, 07:24 AM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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Post Election Rally - Wall Street Like Gridlock
The Dow was up 300 and the NASDAQ had its best single day rise ever the day after the 2020 election. Why?
https://www.cnbc.com/2020/11/04/elec...lose-news.html
“Markets are reacting very positively to the fact that a great deal of the election uncertainty has passed. Not all of it, but at least the worst outcomes seem to have been avoided. Markets hate uncertainty, and this is likely to be a tailwind for a while,” said Brad McMillan, chief investment officer at Commonwealth Financial Network.
Even with the president-elect unclear, stocks rose broadly during Wednesday’s trading session as hopes for a blue wave in Congress dwindled, which some argued would have been a headwind for areas of the market including Big Tech.
Watching CNBC this morning, a number of analysts have repeated these themes:
- No blue wave
- Tax policy should remain largely unchanged
- No advancement of the far left agenda (Joe Lieberman is speaking right now on CNBC and expressing some relief about this and would look for a Biden presidency to have a Cabinet of moderates)
- No legislative attempts to "reform" on big tech
- No structural changes to the SCOTUS
In other words, stocks think it'll be pretty quiet with limited legislative fireworks. That's not a bad thing.
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11-05-2020, 08:14 AM
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Rational Anarchist
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Join Date: Jul 2014
Location: DFW
Posts: 7,315
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Biden is status quo.
And stocks don't think.
__________________
"We have met the enemy and he is us."
Last edited by nailer; 11-05-2020 at 08:31 AM.
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11-05-2020, 10:36 AM
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Senior Member
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Join Date: Mar 2017
Posts: 13,366
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Management company owned by Jared Kushner files to evict hundreds of families as moratoriums expire
White House adviser’s company, Westminster Management, and other landlords prepare to remove tenants behind on rent during the pandemic.
https://www.washingtonpost.com/busin...er-management/
Renters, typically, don't own stocks.
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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11-05-2020, 02:41 PM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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Quote:
Originally Posted by Chicks
Management company owned by Jared Kushner files to evict hundreds of families as moratoriums expire
White House adviser’s company, Westminster Management, and other landlords prepare to remove tenants behind on rent during the pandemic.
https://www.washingtonpost.com/busin...er-management/
Renters, typically, don't own stocks.
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It doesn't take long for Chicks to enter a thread and try to change the topic.
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11-07-2020, 10:53 AM
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reflexionar
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Join Date: May 2009
Location: Central Oregon
Posts: 2,273
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Quote:
Originally Posted by Chicks
Management company owned by Jared Kushner files to evict hundreds of families as moratoriums expire
White House adviser’s company, Westminster Management, and other landlords prepare to remove tenants behind on rent during the pandemic.
https://www.washingtonpost.com/busin...er-management/
Renters, typically, don't own stocks.
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I know renters who have retirement plans. They are interested in how the markets are doing. The couple of renters I do know that are worried about eviction were never un(der)employed and chose to defer their rent to blow money because they could, not because they needed to. Now it is biting them in the ass. May not be "typical", but it is what I see.
__________________
“Anyone who is capable of getting themselves made President should on no account be allowed to do the job.” Douglas Adams
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11-05-2020, 10:56 AM
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Rational Anarchist
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Join Date: Jul 2014
Location: DFW
Posts: 7,315
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Damned pigeons!
__________________
"We have met the enemy and he is us."
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11-05-2020, 03:27 PM
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Senior Member
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Join Date: Mar 2017
Posts: 13,366
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Why am I not surprised that Whell can't grasp the obvious relevance?
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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11-07-2020, 08:57 AM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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Quote:
Originally Posted by Chicks
Why am I not surprised that Whell can't grasp the obvious relevance?
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You're right. I can't. Maybe you can help me understand how, in a thread about Wall Street's view of futures in a post-election economy, inserting a news article about Jared Kushner's property management company starting legal processes for evictions is relevant.
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11-07-2020, 09:13 AM
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Senior Member
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Join Date: Mar 2020
Posts: 6,123
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Quote:
Renters, typically, don't own stocks.
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If you don't own stocks you can't participate in the post election rally.
If you don't own stocks you don't matter to tRump and the boy prince.
If you don't matter to tRump and the boy prince they don't care if you get kicked out on the street.
It's a stretch but there it is, sort of.
__________________
Joe whupped him before and he'll do it once more.
BIDEN/HARRIS IN 2024
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11-07-2020, 09:06 AM
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Rational Anarchist
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Join Date: Jul 2014
Location: DFW
Posts: 7,315
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Because it's business related and about Trump's 'criminal' family. And don't forget, Chicks made a killing in the market so he has insight that you and I don't. He also is deflecting from a reality that doesn't mesh with what he's selling.
__________________
"We have met the enemy and he is us."
Last edited by nailer; 11-07-2020 at 09:09 AM.
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