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re: Are the markets foreshadowing a Biden victory? Some wealth management folks believe so.

Posted on 10/31/20 at 9:46 am to
Posted by Tiger985
Member since Nov 2006
6489 posts
Posted on 10/31/20 at 9:46 am to
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.
Posted by Bass Tiger
Member since Oct 2014
46521 posts
Posted on 10/31/20 at 9:59 am to
quote:

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.


Markets wanted Clinton because she was their girl, literally bought and paid for, and you're right, Hilldawg was a known Wall Street groveler and Trump was the unknown. It's flipped to a degree and Wall Street knows Trump's policies are pro growth for America but not necessarily good for China. Do you believe the Wall Street types would take higher taxes if it means they can have their China back? No need to answer, of course Wall Street prefers China's market access over Trump's America First economic policies.
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