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L.A.
New Orleans Saints Fan
Nevada
Member since Aug 2003
53872 posts

Wall Street chief strategist says a Biden blue wave could spur a 5% drop in the S&P 500
quote:

The S&P 500 and Dow Jones could lose 5% if the Democrats win the White House and both chambers of Congress at the election next month, because of a lack of clarity over some of the party's key policies, one Wall Street strategist said.

Steve Kalayjian, chief market strategist and co-founder of trading platform Ticker Tocker said a "blue wave" victory by the Democrats could ignite a sell-off in the S&P 500. "

I don't think the Democrats are being forthright with the policies they are prescribing with the Green New Deal, Supreme Court, and new tax policy both corporate and individual," Kalayjian said.

"The S&P 500 is fine now, but if Biden wins, there will be a sell-off. If Trump wins, you'll see the Dow and S&P easily climb to new highs," Kalayjian added. "I see a decline of 5% or more."

business insider


9Fiddy
Louisiana Tech Fan
19th Hole
Member since Jan 2007
57578 posts

re: Wall Street chief strategist says a Biden blue wave could spur a 5% drop in the S&P 500
It’ll be way more that that IMO.


Alltheway Tigers!
LSU Fan
Baton Rouge
Member since Jan 2004
5860 posts

re: Wall Street chief strategist says a Biden blue wave could spur a 5% drop in the S&P 500


Surprising with the amount of Wall Street money behind Biden.


lsufan1971
LSU Fan
Zachary
Member since Nov 2003
9929 posts
 Online 

re: Wall Street chief strategist says a Biden blue wave could spur a 5% drop in the S&P 500
Muh Moodys doe


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TigerCruise
Missouri Fan
Virginia Beach, VA
Member since Oct 2013
11002 posts

re: Wall Street chief strategist says a Biden blue wave could spur a 5% drop in the S&P 500
If Democrats destroy the energy sector you will see the single worst stock market losses since black Thursday
This post was edited on 10/17 at 9:38 pm


udtiger
LSU Fan
Louisiana
Member since Nov 2006
71049 posts

re: Wall Street chief strategist says a Biden blue wave could spur a 5% drop in the S&P 500
That's the best case


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Flashback
LSU Fan
reading the chicken bones
Member since Apr 2008
4649 posts

re: Wall Street chief strategist says a Biden blue wave could spur a 5% drop in the S&P 500
It will be more than 5%.


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90
obdobd918
Member since Jun 2020
392 posts

re: Wall Street chief strategist says a Biden blue wave could spur a 5% drop in the S&P 500
quote:

"The S&P 500 is fine now, but if Biden wins, there will be a sell-off. If Trump wins, you'll see the Dow and S&P easily climb to new highs," Kalayjian added. "I see a decline of 5% or more."


5% or more. IT will be waaaayyy more.
A Biden win will cause a large drop in the market.
IF you want to lose your job, lose money in your investments, pay higher taxes (if you still have a job), and be susceptible to crime (US will be a sanctuary country), then vote for Biden and other democrats.
IF you want to keep your job, make more money, and have a safer city, then vote republicans, especially TRUMP.


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81
gthog61
Georgia Tech Fan
Irving, TX
Member since Nov 2009
63076 posts

re: Wall Street chief strategist says a Biden blue wave could spur a 5% drop in the S&P 500
5%


quote:

business insider


There is your problem, the Alex Jones of leftist economic bullshite


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42
Nosevens
Member since Apr 2019
685 posts

re: Wall Street chief strategist says a Biden blue wave could spur a 5% drop in the S&P 500
5% might be all that’s left


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80
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Jimmy2shoes
LSU Fan
The South
Member since Mar 2014
8165 posts
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re: Wall Street chief strategist says a Biden blue wave could spur a 5% drop in the S&P 500
Fudge that try 50%


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30
TerryDawg03
Georgia Fan
The Deep South
Member since Dec 2012
9216 posts

re: Wall Street chief strategist says a Biden blue wave could spur a 5% drop in the S&P 500
15%+


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50
TigerAxeOK
USA Fan
Kaer Morhen
Member since Dec 2016
12369 posts

re: Wall Street chief strategist says a Biden blue wave could spur a 5% drop in the S&P 500
A 5% drop???

Yeah, put a 3 or a 4 in front of that 5%.


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Angry Bruce Pearl
Auburn Fan
Florida
Member since Jul 2020
305 posts
 Online 

re: Wall Street chief strategist says a Biden blue wave could spur a 5% drop in the S&P 500
This is why I'm holding TLT calls.


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EthanL
LSU Fan
Auburn,AL
Member since Oct 2011
6572 posts

re: Wall Street chief strategist says a Biden blue wave could spur a 5% drop in the S&P 500
Just 5%? We did that two weeks ago over Trump tweets


Errerrerrwere
LSU Fan
Member since Aug 2015
29689 posts

re: Wall Street chief strategist says a Biden blue wave could spur a 5% drop in the S&P 500
quote:

EthanL




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41
YipSkiddlyDooo
Member since Apr 2013
3103 posts

re: Wall Street chief strategist says a Biden blue wave could spur a 5% drop in the S&P 500
quote:

Surprising with the amount of Wall Street money behind Biden


Why? They make money on the way down too...

In fact, I’d wager that they make more money shorting stock after a biden win and buying it back cheaper than just riding a steady increase after a Trump victory.


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Tbonepatron
LSU Fan
Member since Aug 2013
4137 posts

re: Wall Street chief strategist says a Biden blue wave could spur a 5% drop in the S&P 500
5%?

You mean like, on the first day?


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gthog61
Georgia Tech Fan
Irving, TX
Member since Nov 2009
63076 posts

re: Wall Street chief strategist says a Biden blue wave could spur a 5% drop in the S&P 500
quote:

Just 5%? We did that two weeks ago over Trump tweets




and you whiny mother frickers wailed and it was right back where it was a few days later, meaning your stupid analysis that it was "Trump tweets" was just another shovel full of horse shit

What made it go right back up? Did he tweet again?


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xxTIMMYxx
Member since Aug 2019
4051 posts
 Online 

re: Wall Street chief strategist says a Biden blue wave could spur a 5% drop in the S&P 500
The energy sector is already down


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