To: freespirit2012
Stock market is ho-hum because they think Biden still has a chance of winning. Stocks have been pricing in a Biden victory.
12 posted on
10/29/2020 9:05:55 AM PDT by
palmer
(Democracy Dies Six Ways from Sunday)
To: palmer
I personally don’t believe stocks have been pricing in a Beijing-Biden victory. Stocks I believe, have been pricing in an “I don’t know what is going to happen in the election” viewpoint.
To: palmer
Nope. They priced in a Trump victory and a solid recovery. The market is now waiting to see if its true. The economy got the shit kicked out of it. Major industries (entertainment, travel, retail, automotive, ....) are down hard. I am very surprised by the stock market response. Many well known brands will be gone in 12 months. I personally think the market was way opportunistic about recovery. I believe COVID aka China communist virus will have a 2-3 year impact on growth. The market will fall. How fast depends on who is president.
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