Posted on 10/28/2020 1:16:34 PM PDT by jdsteel
Preliminary Q3 GDP is due on Thursday. I have heard estimates it will come in at a whopping 30% to 35% (annualized), making it one of if not THE biggest quarterly GDP in US history.
Twitter and Facebook will not allow people to share it: the rest of the media will have warnings about it, call it “unverified”.
The market doesn’t care about the election. Shorts do shorts and longs do longs.
I have feeling that the socialists and their cohorts will do everything in their power and pull out all the stops to do as much damage as possible including causing the stock market to crater and to blame it on Trump.
“ The market doesn’t care about the election. Shorts do shorts and longs do longs.”
On that we disagree.
Well, someone knew something. Markets nosedived today.
Atlanta Fed’s GDPnow (analysis of current situation, not a predictor) says 37%. The record would be 17%, a one-time fluke created by sudden end of 70s oil crisis.
The Dow is taking because they’re getting nervous GOP will lose.
34% - which is 2 x 17, 17=”Q”, the 17th letter in the alphabet. Too much time on my hands, sorry.
Atlanta Fed’s GDPnow says 37.0% as of today, up from 36.2% yesterday. Largest increase in history.
Oops, didn’t read all the comments first...
I sold off two weeks. Typical what is happening. Uncertainty, nervousness in the market. COVID, COVID, COVID. On November 4 we will be back on track.
Meh, right now not a lot of people looking at the Dow. I don’t think this is having much effect.
Actually, I’m wondering if the stock market isn’t already baking in another 4-6 months of lockdowns by blue state govs based on a Trump win.
Trump knows...says it’s going to be huuuuuggggeeeeee.....
Yep. Also, however, I’m wondering (as with the Boeing decision) if there isn’t concern over blue state governors’ continuing lcokdowns AFTER Trump wins.
It would be illegal if Trump has the numbers, so you would lose that bet.
These slimy blue states are praying that Biden wins so they can get a Covid related bailout and also be bailed out for decades of fiscal mismanagement.
The problem for them is, Trump will win and give them nothing. So they have to open for their very survival.
I say when the blue states are drowning to toss them an anchor.
Doesn’t the DOW historically go down because of the uncertainty of the election results?
Investors are taking profits now and, if the results are what they like, they will reinvest in the market at lower prices.
Oh well if it’s illegal.....
It's illegal and President Trump would not participate in it.
The man cannot trust any one that in gummint.
Do you think that he is so stupid as to receive information from a swamp dweller so that they could come out the next day and claim that he knew in advance?
Is 15 your age or IQ?
Well, let me try and explain how it could work. I’ll juse small words so you will possibly understand.
1. The President would not accept ANYTHING directly from a deep State scumbag.
2.Someone, perhaps SecTreas Mnuchin could I am sure get a serious estimate (which I am positive he already has and has had for some time based on evidence accumulating through the quarter.
3. This information of the economies direction is given to the President along with projections which are certainly not violating any laws.
4. From this info the President (no slouch himself when it comes to numbers) can get a real sense of where we will end up as he has already done on numerous occasions. Where do you think he is getting the projections he has already made?
5. Ok, class is over. I hope you took notes.
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