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re: Stock Market
Posted on 8/30/20 at 12:50 pm to lsursb
Posted on 8/30/20 at 12:50 pm to lsursb
quote:Buying opportunity. I will have half of my investments cleared and liquid.
Didn’t it drop like 700 pts after Trump won?
Something to consider: when the S&P 500 has risen in the three months before an election, the incumbent party generally has gone on to win the White House. When it has fallen, the incumbent party has generally lost.
Since 1928, this trend has been broken just three times and not since 1980.
Of Note: on August 3rd, the S&P was at 3294.61. That's your benchmark. You could also use the Dow on August 3rd as a benchmark. On August 3rd it was 26,224.40.
This post was edited on 8/30/20 at 12:54 pm
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