TODAY – Hostage Situation – Probably higher, unless more failed stimulus talks.
Eight days until the election. Hunter Biden's laptop is a treasure trove of potential felonies, which is being hidden by the media who is trying to carry Joe Biden to the finish line. This is prompting the Senate to subpoena the heads of Facebook and Twitter, and that can also bring down the entire tech sector. As the tech sector goes, so goes the market.
We also have concerns that the stimulus is not going well, and people are changing from optimistic to fatalistic about a stimulus being done.
We also had Biden talk this weekend saying assembling “The most extensive voter fraud organization in history”. Stalin would be proud. To those people who say he misspoke, his gaffes are even a bigger concern (to me). I think both sides try to cheat anyway they can.
This will not help the market bounce.
The link below is to illustrate that this is not FAKE NEWS for people thinking I am being politically aligned to one candidate over the other. I point this out as it will likely contribute to weighing on the market a little. A fair election is all that matters in America, and if that is potentially compromised the markets will not like it. With Joe it is probably a gaffe, but still.....
PEOPLE: I have predicted every winning president since Clinton could not win, but did. Trump could not win, and I said he would. I am trying to understand the markets – not get involved in politics. When not emotionally involved it makes for more objective decisions.