Posted on 11/03/2020 11:44:30 AM PST by Sir_Humphrey
tocks traded sharply higher on Election Day, continuing their winning streak from the start of the week.
After opening higher, the rally continued and stocks are looking at their best day in a month. In the early afternoon, the Dow (INDU) traded nearly 2%, or some 530 points, higher, while the S&P 500 (SPX) -- Wall Street's broadest measure -- climbed 1.8%. The Nasdaq Composite (COMP) was up 1.8%.
Last week, all three indexes recorded their worst weeks since March on uncertainty about rising Covid-19 infections, the prospect of government stimulus and the election results.
Betting markets continue to favor former Vice President Joe Biden to win the election, with PredictIt putting his chances at 66% in the early afternoon.
(Excerpt) Read more at cnn.com ...
If stocks are surging it’s because they are expecting a Trump tsunami.
That’s not what a stock surge means, CNN.
Stocks going up means a Trump win is expected.
Absolutely PedoJoe and Skammala have already said their first order of business would be repeal of the tax cuts
Stocks don’t go up on that news
The fact that the market is up is a positive sign for a Trump victory.
Nothing Biden/Harris has said...is responsible for any spike in the market.
Wall Street is telling us they expect a Trump win. Period.
Yes. My thoughts, too.
They see a Trump win.
The first thing I checked was the market. This bodes well for Trump. The fact that Biden is still stumping also bodes well.
Why this headline? It makes zero sense.
In that case the market should crash if a Trump victory looks likely by tomorrow.
funny how they invert everything.
Starting 2 weeks ago when the polls were showing increasing leads for Biden, the market started selling off on the assumption of an inevitable Biden win until
it lost 10% of its value and had a dow loss of 1000 points in one day. When the polls started to tighten up mid last week reflecting that a Biden win was not inevitable, the market has come back culminating in over a 1000 point gain these last 2 days. And CNN would have us believe that a Marxist takeover of the government is a net positive for the market. Talk about Russian disinformation! Geeesh
Big Banks are insane if they want Fauxahontas running the Treasury. Their support isn’t going to buy any friendships with her.
The markets are hoping for a big porkulus package to bail out businesses (mostly big ones), no matter who wins.
They see the tsunami in FL which will repeat across America.
“66% in the early afternoon(Biden win).”
Started at 90% down to 66% and it is only 3PM EST.
What’s that say?
Actually, the market predicted a Trump Victory weeks ago and ranup to record levels. The runup was partially reversed by some bad news
The rise in averages today is returning to previous highs
CNN is literally a spoof site.
Why not just read the National Enquirer, change Bat-Boy to Trump and read your story.
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