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Mid-terms and the stonk market?
Posted on 10/21/22 at 10:46 am
Posted on 10/21/22 at 10:46 am
Not to turn this into a political board, but I suspect that business and consumer confidence will rise quite a bit when Congress changes hands and the current directions are put in hobbles.
5
Posted on 10/21/22 at 10:49 am to Auburn1968
I agree for the short term things will rise.
Not sure long term.
Not sure long term.
Posted on 10/21/22 at 10:57 am to Auburn1968
quote:
when Congress changes hands
Why are you expecting this? Just curious.
Posted on 10/21/22 at 11:06 am to skewbs
I don’t check polls often but it seemed polling indicated a likely shift in the House and a 50/50 tossup in the Senate with polling also making a shift towards the Republican Party as of late, so I think it’s fair to forecast the Democrat ownership of both houses isn’t likely to survive the midterms.
This post was edited on 10/21/22 at 11:07 am
Posted on 10/21/22 at 11:31 am to Ross
Anyone that wants to continue the current shite show should have their heads checked
Posted on 10/21/22 at 11:36 am to Auburn1968
Sometimes stonk go up, sometimes stonk go down, always right, and never left.
Posted on 10/21/22 at 2:16 pm to Auburn1968
Crazy stat of the day: since 1934, in the 12 months following mid-term elections, US equities have never had a negative return.
Posted on 10/21/22 at 4:05 pm to Auburn1968
I don't think the market is as tied to the party in power as some do. Market went way up under both Obama and Trump. I do think government overspending is causing inflation.
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