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Stock Market and Democrat Nomination

Posted on 8/2/24 at 2:20 pm
Posted by AUauditor
Georgia
Member since Sep 2004
1664 posts
Posted on 8/2/24 at 2:20 pm
Is it investor concern that caused the stock market to take a dump on the same day Harris was nominated for president by the Dem party or just a coincidence?
Posted by Jeb Busch Lite
Member since Apr 2016
2535 posts
Posted on 8/2/24 at 2:20 pm to
Do you believe in coincidences?
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
80337 posts
Posted on 8/2/24 at 2:22 pm to

It went way up after the assassination attempt. They were pricing in a Trump win.

They are taking it back with the polls tightening.
Posted by Bama Bird
Pittsburgh, PA
Member since Mar 2013
22742 posts
Posted on 8/2/24 at 2:23 pm to
Coincidence- jobs #s posted today

Posted by BuckyCheese
Member since Jan 2015
57778 posts
Posted on 8/2/24 at 2:24 pm to
quote:

Is it investor concern that caused the stock market to take a dump on the same day Harris was nominated for president by the Dem party or just a coincidence?


Had far more to do with the jobs report.
Posted by jizzle6609
Houston
Member since Jul 2009
17878 posts
Posted on 8/2/24 at 2:26 pm to
Im perfectly fine heading into another recession. A good couple of years of cheap pickups in the market.
Posted by SoloTiger
Member since Aug 2016
10732 posts
Posted on 8/2/24 at 2:28 pm to
Yen/Dollar was a big factor in the market correction today.

Bank of Japan raised rates.
Posted by EmmettFitzHume
Member since Dec 2023
22 posts
Posted on 8/2/24 at 2:28 pm to
quote:

Is it investor concern that caused the stock market to take a dump on the same day Harris was nominated for president by the Dem party or just a coincidence?


Please don't start with this crap. No....It's a myth! Presidents and most certainly nominees have very lil impact on markets.

Every time I have a client or prospective client tell me they want to wait to see who the next President will be always makes a massive mistake by not following my advice. 100% of the time 6-12 months later they regret it.
Posted by UncleFestersLegs
Member since Nov 2010
16657 posts
Posted on 8/5/24 at 11:26 am to
quote:

Yen/Dollar was a big factor in the market correction today.

Bank of Japan raised rates
quote:

you can't unwind the biggest carry trade in history without jumping out of a few windows
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