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Started By
Message
Why is the market down so bigly this week?
Posted on 10/28/20 at 5:09 pm
Posted on 10/28/20 at 5:09 pm
I had to go hide my you invest (IRA) account today
12
Posted on 10/28/20 at 5:11 pm to LSU6262
Fears of global recession
Rising Covid-19 cases
Rising Covid-19 cases
Posted on 10/28/20 at 5:12 pm to LSU6262
Basically a bunch of insignificant Covid concerns. This crap kills nobody but old people but here we are, holding an economic gun to our head again.
Posted on 10/28/20 at 5:25 pm to DiamondDog
quote:
This crap kills nobody but old people
not even close to being remotely true
Posted on 10/28/20 at 5:28 pm to LSU6262
Europe is apparently stupid enough to do another batch of lockdowns is why.
Also possible election fears.
Also possible election fears.
Posted on 10/28/20 at 5:40 pm to LSU6262
quote:Say what??
I had to go hide my you invest (IRA) account today
Posted on 10/28/20 at 5:45 pm to cgrand
While it is false the average age of death is still in the upper 70s
Posted on 10/28/20 at 6:15 pm to LSURussian
quote:
Say what??
Hide the account on Chase app so I can't see it
Posted on 10/28/20 at 7:04 pm to LSU6262
No stimulus
Covid kicking up will cause double dip and reduce voter turnout
Long term cap gain taxes going up under Biden so selling now
Covid kicking up will cause double dip and reduce voter turnout
Long term cap gain taxes going up under Biden so selling now
Posted on 10/28/20 at 7:53 pm to LSU6262
Just think how long America has been hugely shut down and S&P was up 5% for the year.
Posted on 10/28/20 at 7:58 pm to LSU6262
The real reason is there was more selling than buying. The rest is made up narratives.
Posted on 10/28/20 at 8:46 pm to wutangfinancial
Worries Biden will shut down again, which he will. Thank goodness Trump wins.
Posted on 10/28/20 at 9:09 pm to LSU6262
Election uncertainty
Economic uncertainty
No stimulus until December
No sleep til Brooklyn
Economic uncertainty
No stimulus until December
No sleep til Brooklyn
Posted on 10/28/20 at 9:11 pm to Nguyener
Election uncertainty. Biden said he would have us in masks until 2022. You know that includes a national lock down.
Posted on 10/28/20 at 9:18 pm to tenderfoot tigah
quote:
Biden said he would have us in masks until 2022. You know that includes a national lock down.
I thought a national mask mandate was to prevent another lockdown.
Posted on 10/28/20 at 9:47 pm to Nguyener
Which active fund managers did you interview that you concluded they sold because of your 4 bullet points? And how much did they sell?
Posted on 10/28/20 at 9:56 pm to wutangfinancial
quote:
The real reason is there was more selling than buying. The rest is made up narratives.
This
Posted on 10/28/20 at 10:18 pm to TigerMan327
quote:
While it is false the average age of death is still in the upper 70s
Correct. Half in nursing homes and most of the rest with very serious health problems unrelated too Covid. Basically it takes people who are near death and pushes them over the finish line. It is what respiratory illnesses do.
Posted on 10/29/20 at 7:03 am to wutangfinancial
quote:
The real reason is there was more selling than buying.
Exactly. Very simply put, profit taking. That's the market.
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