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To: buffyt

[They just said on the news that the stock market will crash, starting tomorrow.]


Dow futures are doing just fine.

https://www.cnn.com/business/markets/premarkets

A Democrat Senate majority without the filibuster, a union with 52 states and a Supreme Court with 15 judges means a wide open throttle. Zimbabwe’s stock exchange is up 65x since 12 years ago.

https://tradingeconomics.com/zimbabwe/stock-market

I doubt the spending will be anywhere near that high, but you can expect fresh stock market highs for the next several years, as inflation re-asserts itself. That’s why stock markets go up during Democrat administrations. The dollar’s value goes down, so prices adjust upwards - not just of goods and services, but of long-term assets like stocks and real property. Anyone currently holding long term bonds, however is due for a haircut, since interest rates are about to go up.


94 posted on 01/05/2021 11:32:36 PM PST by Zhang Fei (My dad had a Delta 88. That was a car. It was like driving your living room.)
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To: Zhang Fei
"Dow futures are doing just fine"
Doesn't matter if Biden or Trump wins. Wall street wants more control. It's the small business that are being destroyed.
102 posted on 01/05/2021 11:50:00 PM PST by Steve Van Doorn (*in my best Eric Cartman voice* 'I love you, guys')
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