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To: Real Man who wrote (112546)10/28/2020 5:26:33 PM
From: Rarebird1 Recommendation

Recommended By
rdkflorida2

  Read Replies (1) | Respond to of 116753
 
Market tanked into the 2016 election also and then reversed and rallied strongly the day after the election.

Everyone is saying that market rallies on Dem sweep, which looks very likely. True, there will be relief from a no contested election. And Biden's spending with Dem Congress is bullish. But raising taxes could cause initial selling in November.

As for Gold, Dem sweep looks bullish, but who knows how market will react.

Two of the three uncertainties gets removed if Dems sweep big. No contested election and big stimulus plan in February.



To: Real Man who wrote (112546)10/28/2020 5:50:47 PM
From: Rarebird  Read Replies (1) | Respond to of 116753
 
You looking to buy? I've heard that tune before. I will believe it when I see it.

Maybe you should scale in, starting at 3050 SPX. I would stay away from SPX because I don't think FANGs will lead this time around and they make up, along with MSFT, over 20% of index. I like RSP much better.



To: Real Man who wrote (112546)10/29/2020 3:48:45 PM
From: Rarebird  Read Replies (3) | Respond to of 116753
 
In corrections, lots of stocks look like "falling knives" and have horrible charts. By the time you have a beautiful looking chart and a distinct uptrend, you have lost 20%-25% in many cases. That's where fundamentals and wave analysis comes into play in figuring out when to scale in.

And why are you so opposed to Kamala Harris? She is not a leftist. I don't like her either, but she may gain some polish in 4 years. But to say she would lose in a landslide is quite premature. What makes you say that?