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(CNBC)   Majority of stock market strategists expect Biden to win, but split on what that means for the markets   (cnbc.com) divider line
    More: Interesting, George W. Bush, Democratic Party, majority of stock market strategists, President of the United States, United States Senate, Democratic candidate Joe Biden, Vice President of the United States, United States  
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250 clicks; posted to Business » on 24 Aug 2020 at 7:50 AM (9 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



13 Comments     (+0 »)
 
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2020-08-24 9:18:50 AM  
I can pretty much guarantee you that if Biden wins, Trump is going to do everything he can between November and January 20 to crash the farking Market.
 
2020-08-24 9:57:40 AM  

WTFDYW: I can pretty much guarantee you that if Biden wins, Trump is going to do everything he can between November and January 20 to crash the farking Market.


Well he's spent the last 3 and a half years setting the dominoes up. Should be easy even for the dotard to knock the first one over.
 
2020-08-24 10:05:35 AM  
That's fair to consider. But that makes it easier for Biden - the fall of the stocks would then be fully under Trump, not a market indictment. Anything Biden does after that looks good to Wall Street.
 
2020-08-24 10:50:25 AM  
Biden's people will be making the money printers go brrrrr just as much or moreso than Trump. Which is probably what *should* happen in a recession / depression, but eventually the debt math is going to get scary. I'm not sure when that will be, but I'm sure it will be eventually unless things turn around somehow.
 
2020-08-24 11:25:18 AM  

Andy Andy: Biden's people will be making the money printers go brrrrr just as much or moreso than Trump. Which is probably what *should* happen in a recession / depression, but eventually the debt math is going to get scary. I'm not sure when that will be, but I'm sure it will be eventually unless things turn around somehow.


There's another shoe - they can't just keep sitting on interest rates forever, either.
 
2020-08-24 11:57:17 AM  

Andy Andy: Biden's people will be making the money printers go brrrrr just as much or moreso than Trump. Which is probably what *should* happen in a recession / depression, but eventually the debt math is going to get scary. I'm not sure when that will be, but I'm sure it will be eventually unless things turn around somehow.


Nothing a round of inflation can't fix. In 1969, you could still buy some full-sized candy bars for a nickel. Gasoline was around 35 cents a gallon. The Consumer Price Index really doesn't capture inflation any more.
 
2020-08-24 12:20:11 PM  
Nothing, because the markets price in the expected outcome. If everyone expects Biden to win, then a Biden win isn't a surprise that's going to shock the market. The question should really be, what will the markets do if Trump somehow wins?
 
2020-08-24 12:24:45 PM  

jso2897: Andy Andy: Biden's people will be making the money printers go brrrrr just as much or moreso than Trump. Which is probably what *should* happen in a recession / depression, but eventually the debt math is going to get scary. I'm not sure when that will be, but I'm sure it will be eventually unless things turn around somehow.

There's another shoe - they can't just keep sitting on interest rates forever, either.


Why not. Japan has had sub 0.5% rates for 20 years. Not saying I like it, but it is possible.
 
2020-08-24 1:14:06 PM  

Bill the unknowing: That's fair to consider. But that makes it easier for Biden - the fall of the stocks would then be fully under Trump, not a market indictment. Anything Biden does after that looks good to Wall Street.


Except the Trump-y spin (assuming they have THAT much control over the market) would be "Look at how the markets crashed because of Biden's win!"
 
2020-08-24 2:26:00 PM  
Back in 2016, I said Trump could do to the economy what Bush did in just half the time.

Now that Biden is looking good, I'll make the same prediction I bad when Obama took over... Republican's will suddenly think the economy sucks and then do everything they can to make it so. The stock market should see a good sell off too.

After that, us analysts can get back to 'normal' sometime in the second year of a Biden presidency.
 
2020-08-24 3:34:35 PM  

Andy Andy: Biden's people will be making the money printers go brrrrr just as much or moreso than Trump. Which is probably what *should* happen in a recession / depression, but eventually the debt math is going to get scary. I'm not sure when that will be, but I'm sure it will be eventually unless things turn around somehow.


The difference is that a Biden administration would use the newly minted money to help average Americans, not buying stocks to prop up the market.
 
2020-08-25 7:21:21 AM  

TDWCom29: Bill the unknowing: That's fair to consider. But that makes it easier for Biden - the fall of the stocks would then be fully under Trump, not a market indictment. Anything Biden does after that looks good to Wall Street.

Except the Trump-y spin (assuming they have THAT much control over the market) would be "Look at how the markets crashed because of Biden's win!"


This is true.
 
2020-08-25 10:16:57 AM  
If Biden wins the democrat governors will then open up their states on 1/21/21. The COVID scare will recede into the back pages of the news cycle and the US will experience a financial "dead cat bounce" as businesses reopen. Biden will be hailed as miracle worker until all the "green new deal" initiatives go into law. 3 years into his term the country will then experience an epic economic collapse.
 
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