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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: ajtj99 who wrote (14939)1/11/2021 10:35:39 PM
From: Lee Lichterman III  Read Replies (4) of 97962
 
I was basically just responding to your comment that there wasn't a likely spark for a sharp drop in the market anytime soon. I was just pondering how the market would react if Biden was suddenly out, Kamala in with little experience.
As for day to day "normal" business, yes there is continuity and I'm sure Obama, Clintons etc would be helping a LOT. However, what if Korea/Iran launched a nuke or our sensors malfunctioned and showed an all out inbound strike on the way from Russia/China? Etc. Not the time to have a newbie in charge.
I was just thinking that the market might react to something happening to Biden in the first few months. Yes, after a year or so, it would be less of a risk as time went on.
Despite today's weakness and the overbought condition the market was at leading up to today, I think the R2K strength shows this is just triple witch games and letting off some steam. We'll see.
I didn't get to watch much of it. We had an ice storm last week and my car was totaled by a huge oak tree. Insurance paid off so went out and bought a new to me Towncar. Tomorrow I get it inspected, get plates etc etc. Of course I had just put 4 new tires on my old car.
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