I avoided Twitter stock, because Q. Thank you, Q.
This is an interesting week for the pundits who said the stock market was holding up well because of the high likelihood that Biden would win. Seems there's now some uncertainty about Biden's victory. ;-)
Personally, I think outside forces drove down the stock market this week in hopes it would be blamed on Trump. The purported COVID uptick was their last-gasp hope.
Three straight days of near 6-digit new cases is abject fluckery.
And, so obvious that no one is paying attention.
Not even the media are making it a “splash”.
Myself as well. I actually sold off some winners in order to buy into SPY call options for January. I’m convinced the market will hit highs by end of December after Trump wins. If I’m wrong, I’ll lose what I’ve made this year already and be back where I started.
I told my wife a few days ago that we might be in for another attempted tanking of the market, in an effort to sour would-be Trump voters. (It won’t work, she assures me!)
Trump’s enemies are desperate, and China—together with some Tech companies issuing worrisome “Guidance” even as they’re blowing out their numbers—are big enough to attack the market.
Our “Counterattack” is the capitalist, profit-motivated, free market where real-life investors are capable of believing in the great MAGA economy to come, and recognizing bargains when offered.
The financial markets are just another front in this war.