i have to believe this stimulus is priced in. we know they are going to come up with something. but i think its a crapshoot what happens tommorow myself. anxious to see.
stimulus when passed will equate to a 300+ point rally in dow if it includes republican compromises of more tax cuts
economic stimulus is unlock capital or release capital or get capital moving again. fiat money makes the world go around.
economic stimulus creates jobs and creates a wealthe effect. if investors see their portfolios growing they are more confident and feel better about spending.
I am soooo glad I sold 90% of holdings yesterday in anticipation of the coming "change" and "hope", bought some FAS late today and will average down in the next few days. Obama is such a fraud and it pays to recognize that I guess. Sign in gun shop the other day... "Salesman of the year" and guess who's flappy-ear'd pic was up there. Great trading days ahead IMO
Ok..so first is a big DUMP....THEN the Rally. Told ya I don't know the time frame! Actually, as the question of the thread states.."What will the Stimulus do to Mkt?" Answer? Kill it.
Well, after that little route on the zero content bank rescue plan, I have a feeling people are going to have a whole new appreciation for a passed Stimulus plan. ANY stimulus plan. And if it gets burried in gridlock, somebody is going to bend over and light a fart to spark the huge rally to 9000. Keep an eye peeled on CNBC video for the sudden flash that ignites the markets into frenzy.
The big selloff was just a knee jerk sell-on-the news reaction. I would not be surprissed if all of todays losses are recovered in the next two days.
Yea, I have no doubts. Bargain hunters just cant resist and I already loaded up for the bounce back up. Buying these selloffs is like taking candy from a baby.