Why is it back up? A few days ago we were told some earnings reports would be unfavorable, COVID is spiking and election day concerns had it diving. None of that has changed. Today is election day and we still don't know what to expect, yet the DOW is up over 600 points. Why? Layman terms only please.
Stock Market
- Thread starter TNT.sixpack
- Start date
Your mistake is thinking the people a few days ago that told you why it was diving knew what they were talking about. Hardly anyone knows **** when it comes to short-term volatility, but tons of people like to think they do. You'd need daily polling to know with any certainty *the* reason the market went up or down on a particular day.
Over sold market and a big uncertainty over hang will soon be lifted and that goes for House, Senate and President.
The virus news will drive the markets this next quarter in my opinion. Massive stimulus (no matter who is in the WH) is coming and maybe that can negate the negatives covid may cause.
Shutting down the economy even if stimulus passes would harm the market I would think.
Buckle up. It's going to be wild the next few months. I don't see us going back to March lows though unless Biden wins and he issues a lock down and the majority of states follow the order.
The virus news will drive the markets this next quarter in my opinion. Massive stimulus (no matter who is in the WH) is coming and maybe that can negate the negatives covid may cause.
Shutting down the economy even if stimulus passes would harm the market I would think.
Buckle up. It's going to be wild the next few months. I don't see us going back to March lows though unless Biden wins and he issues a lock down and the majority of states follow the order.
Disagree- the market looks for reasons to move on either direction. A few days ago it was Covid and UK lockdown. Last two days it is Trump polling.
Just because it is up today means nothing for tomorrow, could be down tomorrow to offset today's gains. I'm getting out today.
If you'll watch the overseas markets tonight they'll tell you who's gonna win about an hour before the talking heads.
Who is going to pay for said stimulus, America is already too far in debt. I haven't received a dime of stimulus and I am sure I won't on the next one, but I sure as Hell will be paying for it.
You just said who's going to pay for it lol. Our debt load is past the point of no return until gov't jobs become more automated.