Posted on 01/06/2021 4:50:19 AM PST by Oldeconomybuyer
Futures tied to the tech-heavy Nasdaq 100 index sank 2% on Wednesday as the possibility of Democrats gaining control of the Senate sparked fears of tighter regulations on technology mega-caps.
A so-called “blue wave” would give more scope for President-elect Joe Biden to act on his reform plans including new COVID-19 stimulus, but it could also mean higher corporate taxes and more regulations for technology behemoths, which had led Wall Street’s recovery from a coronavirus-driven crash last year.
“If Democrats hold both Houses then there will be more pressure to regulate some of the bigger play within growth and most of the (market) gains are concentrated in them,” said Sebastien Galy, macro strategist at Nordea Asset Management.
Apple Inc, Microsoft Corp, Amazon.com Inc, Google-parent Alphabet Inc and Facebook Inc dropped between 2.2% and 3.2% in early premarket trading.
(Excerpt) Read more at reuters.com ...
If PDJT comes through today, the senate steals will be reversed.
https://www.neonrevolt.com/2021/01/06/at-the-highest-levels-part-3-of-3/
Read parts 1 & 2 also.
https://mobile.twitter.com/LLinWood
https://mobile.twitter.com/CodeMonkeyZ
Believe, and be sitting down when you read these.
Good. They brought this on themselves.
Yep, this is what big corporations wanted. Now they have it!
You’re still crazy.
Where will you place the goalposts tomorrow?
You’re still crazy.
Where will you place the goalposts tomorrow?
Nasdaq futures slump 2% on prospects of Democrat-controlled Senate
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The Wall Street, Big Tech, and Big business in general will be just fine under the Dems as long as they continue to push all the Woke philosophy.
The Dems are now in bed with the 21st century “Captains of Industry”.
Entertainment...curiosity.
Big Tech will pay-to-play their way through this, including ramping up their efforts to silence conservatives. Small cap Russell 2000 index is up over 2% on the other hand - likely betting there will be even more stimulus.
Gutless Republicans gave away our country.
[Yep, this is what big corporations wanted. Now they have it!]
But the Russell 2000 futures are up 2% to an all-time high, on increased prospects of massive deficit “stimulus” spending by Biteme.
GOP is dead. Long live MAGA!
Entertainment...curiosity.
‘’’’’’’’’’’
Do some due diligence then and don’t be an ostrich. Really, wake up. This is real. I make a prediction for your curiosity and entertainment at the following post:
https://freerepublic.com/focus/f-news/3921961/posts
20 years ok, yes conservative. Now they support the Lib. Best government they can buy!
2%? Hell, it should be a triggered stoppage of the markets. But there is far too much liberal money to allow that to happen.
[Yep, this is what big corporations wanted. Now they have it!]
https://www.opensecrets.org/political-action-committees-pacs/C00104299/summary/2020
Huntington Bank, headquartered in OH, donated 70% of its PAC dollars to the GOP.
https://www.opensecrets.org/political-action-committees-pacs/C00165589/summary/2020
No offense, but how old are you? The big corporations are completely in bed with the Democrats. They team with them to limit competition etc. The change over the last two decades has been dramatic.
Yep they will use new tech regulations to shut out competition.
Tech-heavy? NASDAQ should be rocketing up, with all the cheap Indian labor Hiden/Ho is about to let in to the US.
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