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re: Getting out of the market before election
Posted on 10/9/20 at 10:55 pm to Jag_Warrior
Posted on 10/9/20 at 10:55 pm to Jag_Warrior
quote:
What does that have to do with the probability of a Biden win or the market pricing that probability in? Tax and spending bills must be passed by the legislative branch before ever reaching the President’s desk. No one has mentioned the probability/possibility of a blue wave sweep or the market pricing that in, have they?
Really? The main topic is the possibility of a correction and some saying a Biden win being digested right? All i'm saying is you never know how investors will react and that's a fact. Markets were all over the place in 2016.
1
Posted on 10/9/20 at 11:32 pm to Tigers4life
quote:
The main topic is the possibility of a correction
A correction? I think the OP and others in this thread are talking about way more than a correction.
We just experienced a health correction and are rebounding solidly. Another correction in the 4th quarter might happen, but would you really go 100% cash on the possibility of another 10% drop? That basically just puts us back where we were t the end of June/early July and the run after that has been pretty great, even with September's correction. How do you time getting back in? The smart thing to do is to rebalance, trim, and have SOME cash ready when opportunities present themselves. But the total panic and fear mongering about a possible Biden win is ludicrous.
There's certainly going to be volatility and irrational market reactions for the foreseeable future, but the outcome of the election won't cause the market to drop 30+%.
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