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Election
Posted on 9/25/20 at 2:44 pm
Posted on 9/25/20 at 2:44 pm
I have a couple of family members one of which is my dad, who work in the financial business. I've heard the election is going to kill the stock market. I've heard we won't hear the results for 2 to 3 weeks from voting. All in all my dad is worried about the stock market, And he never gets this worried.
9
Posted on 9/25/20 at 2:46 pm to rebel cat
Glad he can see the future.
If that happens, I recommend buying on every day it is RED. It will either 1)come back up or 2) we have much bigger problems than our investment accounts.
If that happens, I recommend buying on every day it is RED. It will either 1)come back up or 2) we have much bigger problems than our investment accounts.
Posted on 9/25/20 at 3:06 pm to rebel cat
There will be extreme volatility, no doubt!
Posted on 9/25/20 at 3:13 pm to rebel cat
As someone with a long-term investment horizon this excites me.
Posted on 9/25/20 at 3:57 pm to rebel cat
quote:
I've heard the election is going to kill the stock market.
Have you alerted Wall Street yet?
Posted on 9/25/20 at 5:20 pm to rebel cat
Your dad should be worried. He’s just now repeating information that Goldman Sachs put out back in early July.
Posted on 9/25/20 at 5:22 pm to Jag_Warrior
quote:
Goldman Sachs
They have had the treasury the last 40 years.
Posted on 9/25/20 at 5:22 pm to Jag_Warrior
I never said it was new information.
Posted on 9/25/20 at 8:16 pm to rebel cat
your dad sounds dumb dude
Posted on 9/27/20 at 2:13 pm to rebel cat
The markets react poorly to uncertainty. See what happens a few days after the elections before making a decision.
Posted on 9/28/20 at 11:49 am to rebel cat
Heard this preached 1k times in 2012. Kept my money in the market and I killed it. If there is is a rough patch coming it’s because the evictions, foreclosures, and bankruptcies by the little guys starts to make it’s way to the banks and so on. A lot of carnage hasn’t been felt yet, let’s see what happens when a few million forebarences come due.
Posted on 9/28/20 at 12:13 pm to BearsFan
Red days are buying days.
Posted on 9/28/20 at 1:24 pm to rebel cat
This happens during every election year. Get used to it.
Posted on 9/28/20 at 3:03 pm to btnetigers
I don't think this will be a normal election season any more than this has been a normal year. The question is how to stay protected beyond buying Smith and Wesson.
I'm thinking I'll up my cash ratio for any bargains that pop up and rely more on January calls with some post covid future factors.
I'm thinking I'll up my cash ratio for any bargains that pop up and rely more on January calls with some post covid future factors.
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