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Are the markets foreshadowing a Biden victory? Some wealth management folks believe so.
Posted on 10/31/20 at 9:40 am
Posted on 10/31/20 at 9:40 am
Watching Cuckvuto just now and a couple of Wall Street wealth management folks believe money is flowing out of the market in anticipation of a Biden victory. This makes sense certainly in the short term, higher corporate taxes, higher personal taxes, higher capital gains taxes......yeah, probably a good idea to have a substantial portion of your investments in cash or if you're a gambler short the broad markets.
15
Posted on 10/31/20 at 9:42 am to Bass Tiger
Probably no more so than those who are standing pat but they receive no attention
Posted on 10/31/20 at 9:45 am to Bass Tiger
Markets have changed up into after after every election.
Posted on 10/31/20 at 9:46 am to Bass Tiger
The markets were foreshadowing a Clinton victory in 2016.
Didn't you people watch this movie 4 years ago?
I'm not saying Trump wins, he may not but the same entities and people doing all the foreshadowing then are the same ones doing it now.
Furthermore, they are the same people that have been wrong about just about everything over the last 4 years.
Take solace in that.
Didn't you people watch this movie 4 years ago?
I'm not saying Trump wins, he may not but the same entities and people doing all the foreshadowing then are the same ones doing it now.
Furthermore, they are the same people that have been wrong about just about everything over the last 4 years.
Take solace in that.
Posted on 10/31/20 at 9:46 am to Bass Tiger
You realize we hit ATHs last month right?
Posted on 10/31/20 at 9:46 am to Bass Tiger
It's called uncertainty. We don't freaking know who our president will be.
Posted on 10/31/20 at 9:47 am to Bass Tiger
Wall Street sees Biden as predictable and not volatile like Trump. They want stability and no drama. They don’t believe he will go full progressive and get all the tax increases. They don’t care about manufacturing anything in the US or restricting illegal immigration. They don’t care about flyover country, just making money for themselves.
Posted on 10/31/20 at 9:47 am to Bass Tiger
Anyone who invests in biden is a fool
Posted on 10/31/20 at 9:48 am to Bass Tiger
I was pitched by a bank’s wealth management team this week. They seemed to think a Biden victory is assured. Suffice it to say, they aren’t getting my $$$!
Posted on 10/31/20 at 10:21 am to Bass Tiger
Probably some protecting themselves just in case Biden wins and expect a big drop in the market should that happen.
Posted on 10/31/20 at 10:23 am to Bass Tiger
Those guys are famous for saying one thing and then playing the other side of the trade.
Posted on 10/31/20 at 10:23 am to Bass Tiger
quote:
Watching Cuckvuto just now and a couple of Wall Street wealth management
Lol
Posted on 10/31/20 at 10:34 am to Bass Tiger
They don't know anymore than you do.
Posted on 10/31/20 at 10:36 am to Bass Tiger
Nah, market has been choppy. More cash allows institutions to pounce once direction is established.
Posted on 10/31/20 at 10:53 am to Bass Tiger
Europe is already goimg back into lockdown. That's why the markets spooked.
Posted on 10/31/20 at 10:57 am to Bass Tiger
The investors I know are pulling out everything for themselves and all their clients just as a safety measure to see what the market does after the election. Strictly a precaution. I suspect lots are. I wouldn't read too much in to it.
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