Posted on 11/05/2020 5:48:33 AM PST by tired&retired
I just checked and the futures are up today. What is going on?
It doesn't take a genius to know that increased taxes equals lower after tax corporate profits available to shareholders.
Per Investor's Business Daily
"Dow Jones futures rose sharply Thursday morning, along with S&P 500 futures and especially Nasdaq futures, signaling a powerful post-election stock market rally will continue. Wednesday's rally points to a decisive change in market character, even with the Trump vs. Biden race and Senate control still in doubt."
You can’t increase taxes if you can’t pass a bill through the Senate.
I’m out for a bit while things shake out. It might turn into all-out war.
the market doesn’t like uncertainty. The more clear it becomes who will win, the more the market likes it.
I am not confused at all. The fact that the Senate is in the hands of the sane people means no Socialistic changes.
Trump won the election.
The market is happy that the GOP retained the Senate.
Repubs kept senate. No sweeping changes.
The GOP Senate will blunt the worst instincts of the Democrats.
Same here. Liquidated 2 weeks ago just before the big drop.
Money is going worthless so the market, measured in dollars, is going up.
No matter who wins the election, they are going to be leading a country in economic mayhem next year, thanks to the collapse of our economy and state tax revenues.
If Biden wins, it may be a blessing in disguise.
This: “They know Trump won the election.”
True, but take a look at what is about to happen in Georgia, dual Senate run offs, you think those are going 5o be legitimate after what has transpired this year?.
No way in hell.
They have allready screwed over the guy in Michigan, more will follow.
My guess is that the market is just glad that the election is over. It doesn’t like uncertainty.
Except it’s not. The court challenges are on the way.
So yes, I am curious about it as well.
Split party Congress. Market manipulation by Soros, high tech, China, ...
I think they figure, even if they don’t get a Trump presidency, the house margin narrowed considerably and Republicans kept the senate.
Even if Joe gets the presidency it will be under a cloud of voter fraud and criminal investigations. Maybe they are counting a weak president to not move any legislation. They figure this a lot better than what might have been if it was a Biden and senate blowout like the press claimed.
Then what about 'Executive Orders'? Obama did them. Trump did them. Wouldn't Biden/Harris do them?
And gained seats in the house.
Probably a lot of movers and shakers are counting on profiting from a corrupt Biden administration. Paying taxes and following the rules are just for the deplorable little people.
The stock market is a rigged game. They are out to make large amounts of money.
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