Loading ...Stock Market Isn’t Waiting
I thought the stock market was going to stay quiet, to down, for these first two days before the election was decided. It isn’t waiting. It has already declared a red wave sweep by President Trump, pick ups in the Senate and a distinct possibility that the House of Representatives will also flip red. This is probably just the euphoria I thought we were going to see up till the election(I was looking for the DJIA to reach 30,000). It may happen in the next few days but even if it isn’t a few day spike, it will probably get there by New Years Eve.
Love the enthusiasm Chartsmaster
Can’t imagine if the markets were concerned about a close contested result Stocks would be rallying.
I’ve been thinking the same, Chartmaster.
Am I the only one who’s a pessimist here? LOL
We are underestimating the chaos about to be unleashed by the left, once they lose.
My “prepper” instinct led me to go to Costco yesterday. What about Lockdown #2? Has it already started in the US too?
The Covid hoax was to prep Trump for a failure.
Why are we thinking the left will let go so easily if Trump gets reelected?
It is not about a close contest. The Left ruled states, like CA, will terrorize their citizens. Pelosi, Newsom et al
GL
That may all be true GL, but the stock market doesn’t care. It should rally on a Trump victory but I still believe the FAANGS have already topped and the overall top gets put in between now and year end.
As easy as it is for you, Sir Chartsmaster, to somehow “see” this dichotomy … Dow getting to 30k and, at the same time, Nasdaq even having trouble just to get to even 11400 or 1150 at the most (not even thinking about 11900 or 12k again) … I am on the other side … just like I have been on the USDX’s much vaunted (and not wanted, LOL) bounce, time and time again on the Tent.
But that’s just me.
I’m still a learner, not a chartist or TA specialist.
Cheers to all.
GL
To clarify my last comment, I don’t see either Dow going to 30k or Nasdaq going up back up to 12k.
GL