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Now seems to be a good time to be in the stock market.


               
2020 Aug 25, 5:35am   460 views  6 comments

by Al_Sharpton_for_President   follow (6)  

But if Beijing Biden wins, look out!


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1   clambo   2020 Aug 25, 10:11am  

No shit it's a good time.
2   AD   2020 Aug 25, 11:55am  

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Well the S&P 500 broke out of its 200 day moving average.

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3   AD   2020 Aug 25, 11:57am  

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The problem is the S&P 500 is not representative of the economy because its not a balanced index.

It represents mostly growth stocks versus value stocks.

about 25% of the S&P 500 capitalization is the Top 5 : google, microsoft, apple, amazon and facebook

about 45% is the top 25 like Home Depot, Walmart, Disney, Paypal, etc.

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4   Patrick   2020 Aug 25, 12:17pm  

2016 seems like it would have been the beginning of a long downturn, but then Trump got elected, reversing that.

I agree, Biden would be a disaster for both the stock market and for American workers, because Biden would immediately resume the mass outsourcing of jobs to China and insourcing of illegals.
5   clambo   2020 Aug 25, 4:07pm  

It doesn’t matter to the stock market too much if “Main Street” or “the economy” isn’t so robust.

New money from around the world is seeking a home; bonds, stocks (or other things sometimes).

If interest rates are low, a lot of new money will go into stocks.

Biden would fuck up the market but he wouldn’t kill it, neither did the clown Obama.

Taxes are worse than a dropping stock market, and Biden will raise taxes.
6   Al_Sharpton_for_President   2020 Aug 25, 4:40pm  

ad says
The problem is the S&P 500 is not representative of the economy because its not a balanced index.
I don't disagree with the facts you state, but why is that a problem if you are long the S&P 500?

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