Markets anticipate big govt stimulus bailouts for democrat states
Markets have been up and down over past 5 days - doesn’t know what to really anticipate which lends to the volatility. I’m anticipating they close down this afternoon and am trading accordingly between work meetings - mainly driven by the uncertainty that the afternoon will drive.
I’ve also been expecting a drawback if the market assumes it will Dem across the board as Wallstreet never likes 1 party rule of either party.
Between both I’m thinking next 2 weeks will be all over the place and we’ll finally start to settle/consolidate and head back up in February.
I’m still debating placing long term puts on some of the big tech stocks. I have one on twitter, but think I should add Facebook. Google, and Apple... hard to pull the trigger on those though.
thanks,..
erg.