Down goes the Dow

Don't forget too, we didn't know if we were going to get nuked or not.

Try to keep up wrote:

Ghost of Igloi wrote:

I suppose one can believe markets move up on hope or optimism.

That’s not how it works. Try to keep up.

How does it work?

agip wrote:

[quote]Maserati wrote:

We came back from that and we can come back from this.

Didn't watch last nite's debate I guess.

agip wrote:

the worst time in america in the last half century was 1968-1976. That was worse in almost every way. Every problem we have now, and add in assassinations, far more poverty, a miserable unpopular war and the oil crisis.

We came back from that and we can come back from this.

Did we really come back? The problems are the same. Rather than solving things directly, we tried the “rising tide lifts all boats” approach by, basically, devaluing the dollar. It has been a fake-it-till-you-make-it period. The “rich”!used to own actual physical wealth properties—land, businesses, commodities, etc and hold them in their own companies; now they have a statement. The wealth gap has increased, etc

It hasn’t worked, structurally speaking, because government has been incompetent at managing and has both let people game the system, and played It directly via corruption ( public contracts, the lobby system, campaign contributions, and of course the revolving door).

So here we are. Yes some things are different, but the really corrosive problems remain.

Stimulus maybe on the table, and dxy rises. It will be a rough day for me, worked too hard the last week. Today will sit back and see what happens. And go for a run, of course?

bottom line is that living standards are much higher now than in the 1970s or 1980s. Yes, we did come back and we came back bigtime.

Boats did all rise.

looks like markets really, really don't want 4 more years of Trumpism.

agip wrote:

looks like markets really, really don't want 4 more years of Trumpism.

Trying to get a grasp of this. Is it a matter of markets thinking Biden would put the economy back in order, start reeling in the debt again? Get a more sustainable plan on the table? That's all i can figure.

And I would think that emerging markets would benefit massively from a change of strategy. That calculation seems a little more straightforward at least.

seattle prattle wrote:

agip wrote:

looks like markets really, really don't want 4 more years of Trumpism.

Trying to get a grasp of this. Is it a matter of markets thinking Biden would put the economy back in order, start reeling in the debt again? Get a more sustainable plan on the table? That's all i can figure.

And I would think that emerging markets would benefit massively from a change of strategy. That calculation seems a little more straightforward at least.

I think markets want the old america back. No trade wars, no tariffs, no broken deals left and right, no US stability, no intentional sabotage of NATO and the western alliances, etc.

Trumpism is unstable. Markets hate instability and surprise. Biden is a return to normalcy.

agip wrote:

seattle prattle wrote:

Trying to get a grasp of this. Is it a matter of markets thinking Biden would put the economy back in order, start reeling in the debt again? Get a more sustainable plan on the table? That's all i can figure.

And I would think that emerging markets would benefit massively from a change of strategy. That calculation seems a little more straightforward at least.

I think markets want the old america back. No trade wars, no tariffs, no broken deals left and right, no US stability, no intentional sabotage of NATO and the western alliances, etc.

Trumpism is unstable. Markets hate instability and surprise. Biden is a return to normalcy.

some other valid ideas:

agip wrote:

seattle prattle wrote:

Trying to get a grasp of this. Is it a matter of markets thinking Biden would put the economy back in order, start reeling in the debt again? Get a more sustainable plan on the table? That's all i can figure.

And I would think that emerging markets would benefit massively from a change of strategy. That calculation seems a little more straightforward at least.

I think markets want the old america back. No trade wars, no tariffs, no broken deals left and right, no US stability, no intentional sabotage of NATO and the western alliances, etc.

Trumpism is unstable. Markets hate instability and surprise. Biden is a return to normalcy.

For the moment, the market is all about stimulus or lack thereof. Little to do with Trump or Biden,

agip wrote:

looks like markets really, really don't want 4 more years of Trumpism.

You have no idea what you are talking about. The markets are heading upwards and when a viable vaccine for Covid is announced the markets will take off.

agip wrote:

seattle prattle wrote:

Trying to get a grasp of this. Is it a matter of markets thinking Biden would put the economy back in order, start reeling in the debt again? Get a more sustainable plan on the table? That's all i can figure.

And I would think that emerging markets would benefit massively from a change of strategy. That calculation seems a little more straightforward at least.

I think markets want the old america back. No trade wars, no tariffs, no broken deals left and right, no US stability, no intentional sabotage of NATO and the western alliances, etc.

Trumpism is unstable. Markets hate instability and surprise. Biden is a return to normalcy.

Biden a return to normalcy? Biden is a return to 35% corporate tax rates. Do you really want that? Or to higher capital gains tax rates. Do you want that as well?

Sally Vix wrote:

agip wrote:

I think markets want the old america back. No trade wars, no tariffs, no broken deals left and right, no US stability, no intentional sabotage of NATO and the western alliances, etc.

Trumpism is unstable. Markets hate instability and surprise. Biden is a return to normalcy.

Biden a return to normalcy? Biden is a return to 35% corporate tax rates. Do you really want that? Or to higher capital gains tax rates. Do you want that as well?

I do. I’m tired of irresponsibly kicking the can down the road. We should be reducing our national debt instead of increasing it...especially when the economy is doing well. Why should our kids and grandkids be saddled with this?

agip wrote:

seattle prattle wrote:

Trying to get a grasp of this. Is it a matter of markets thinking Biden would put the economy back in order, start reeling in the debt again? Get a more sustainable plan on the table? That's all i can figure.

And I would think that emerging markets would benefit massively from a change of strategy. That calculation seems a little more straightforward at least.

I think markets want the old america back. No trade wars, no tariffs, no broken deals left and right, no US stability, no intentional sabotage of NATO and the western alliances, etc.

Trumpism is unstable. Markets hate instability and surprise. Biden is a return to normalcy.

You really need to stop watching so much Fake News CNN. You sound ridiculous.

Johannes wrote:

Sally Vix wrote:

Biden a return to normalcy? Biden is a return to 35% corporate tax rates. Do you really want that? Or to higher capital gains tax rates. Do you want that as well?

I do. I’m tired of irresponsibly kicking the can down the road. We should be reducing our national debt instead of increasing it...especially when the economy is doing well. Why should our kids and grandkids be saddled with this?

Me, too. And add to that our lack of an effective strategy on the environment, and I consider it shameful what we are leaving for the next generation(s). It not's because we don't know, because we do. It's because it benefits us to drag our feet and feign indifference. I think it's more critical than ever to get leaders in place who can start us on the hard work necessary to curb the burdens we are leaving for those to come after us to deal with.

Tesla back to $440 in pre opening trading.

This was the approximate price when the stock split.

Now onto $500 which was the peak right after the split.

agip wrote:

Maserati wrote:

Middle of the night here, nervous. Debate was a human disaster. What to do? It is the end of the empire, an historic point in time, and we are here to see it. Fascinating, and scary.

hey you lived through the 70s - at least we are rich now and not poor and dependent on OPEC for our existence.

I've said a lot - the worst time in america in the last half century was 1968-1976. That was worse in almost every way. Every problem we have now, and add in assassinations, far more poverty, a miserable unpopular war and the oil crisis.

We came back from that and we can come back from this.

The average white family is far worse off now that it was in the 50s, 60s, and 70s.

Nonwhites have always been screwed in America

The Unkle wrote:

agip wrote:

hey you lived through the 70s - at least we are rich now and not poor and dependent on OPEC for our existence.

I've said a lot - the worst time in america in the last half century was 1968-1976. That was worse in almost every way. Every problem we have now, and add in assassinations, far more poverty, a miserable unpopular war and the oil crisis.

We came back from that and we can come back from this.

The average white family is far worse off now that it was in the 50s, 60s, and 70s.

Nonwhites have always been screwed in America

absolute nonsensical nonsense.

like saying the world is flat or reptiles run the federal gummint.

Well if Goldman Sachs wants Biden, Biden must be good for the American people.