Dow futures dropped 150 pts in last hour.
Likely, average investors rely on Lamestream Media, and with this scandal building up, they see the “polls” tightening. Wall St. hates uncertainty and would prefer a blowout election.
It’s not clear what effect the scandal will have on the current Porkulus negotiations. Cornered Rats might just hide, adjourn the House to go home to campaign, and kill the Porkulus relief.
“Likely, average investors rely on Lamestream Media, and with this scandal building up, they see the “polls” tightening. Wall St. hates uncertainty and would prefer a blowout election.”
Those previously buying the reports of imminent Biden electoral victory are starting to see the cracks. Just like after the 2016 election the investors had to reset and there was a sudden adjustment in the stock market, then it took off. (I remember all the whining here about a “crash”.) Now they see it coming and they are making adjustments. It is going to be a good time to get in, over the next few days.
i’m sure the market drop has as much to do with the likely hood of no coronavirus stimulus in the near future as much as anything else.