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To: Real Man who wrote (112906)11/8/2020 6:25:26 PM
From: Rarebird1 Recommendation

Recommended By
rdkflorida2

  Read Replies (1) | Respond to of 116957
 
The stock market has not yet discounted the removal of tariffs, which will increase profit margins and earnings.

Moreover, if Trump thinks he really won the election, then a new stimulus deal may be arriving during the lame duck session.

Clearly, the Market is celebrating a Joe Biden victory with little to no chance of cap gains tax hikes. Even with a 50/50 split, which is unlikely, I don't see conservative Democrats Joe Manchin and Kristin Sinema voting for increase cap gains taxes.

Wall Street got the best of both worlds during the election.

Plus, stocks are dirt cheap in relation to the 10 year bond.

I see nothing to be bearish about.

Contested elections are bullish.



To: Real Man who wrote (112906)11/8/2020 6:33:56 PM
From: Rarebird1 Recommendation

Recommended By
rdkflorida2

  Read Replies (1) | Respond to of 116957
 
Stock market likely headed quite quickly to SPX 4800 before you know it.



To: Real Man who wrote (112906)11/8/2020 6:35:53 PM
From: Rarebird  Read Replies (1) | Respond to of 116957
 
Gold and Silver celebrating the contested election in early trade this evening.



To: Real Man who wrote (112906)11/8/2020 6:44:22 PM
From: Rarebird  Read Replies (1) | Respond to of 116957
 
Talking about Zimbabwe, the USD is headed to the crapper.