jittery about the future wrote:
It seems like there is a good chance that there could be weeks of chaos after the election with millions of mail-in ballots needing to be counted to determine a winner.
And that seems like the making of a big drop in the market.
I’m thinking of moving all my 401k into the stable fund until it’s over. Is that a stupid move?
markets don't like surprises. I think everyone knows by now that both sides are lawyering up in expectation of multiple legal fights in many states and jurisdictions.
Usually when people know something is coming...it doesn't affect the market much.
But sure, political instability is generally *not* priced into US shares. if it is truly not clear how things will resolve, the market will likely fall.
Although keep in mind the german stock market was fine until stalingrad. Markets are not meters of current issues. They can overlook a lot.