We can come directly back to this post dated August 20th 2020 and I will be proven absolutely right. It does NOT matter who wins the election. Many months ago I believed it did but now it has absolutely zero effect on where the market goes. Markets will find a positive in either one. And if markets do initially fall on the outcome they will skyrocket soon after erasing any and all losses. I will repeat it will not matter who wins the election. The market will skyrocket into 2021.
Free money just continues By tomorrow morning we should be up at least a 1/2% across the board. US 30 27,775.0 DERIVED 20:22:27 | Futures +106.0 +0.38% US 500 3,391.88 DERIVED 20:22:25 | Futures +11.08 +0.33% US Tech 100 11,510.88 DERIVED 20:22:27 | Futures +33.63 +0.29% Small Cap 2000 1,568.20 DERIVED 20:22:22 | Futures +5.30 +0.34
It looks like that has already happened. Elon Musk said the stock was valued to high at $781 in May. No other stock has a relative strength remotely close to TSLA.
My guess is not. I have been making decent coin playing the TQQQ but I think next month it will flatten out, maybe even decline a bit going into elections. Now ask me about Christmas and I will tell you it will either hit 12150 and then some more, or it will hit 10k and keep dropping, one or the other. If we don't get a crash, Nasdaq in particular is going to go bananas this holiday season. Especially if we have a vaccine by then.
What positives are there in increased regulations and higher taxes in the business world that can be seen as a positive? Can you name the positives that Wall St. and the markets would find that would push the markets up if Biden won the presidency? There is a reason the markets skyrocketed to levels unseen in the past when Trump took office in 2016. If it didn't matter which candidate took office the markets would have cooked the rise that ended up taking place after election into the stock price pre-election, and there would have been no insane market boom such as has never been seen in any presidency. That did not happen and for good reason. I'd love to hear what you feel the markets will see as an expected reason to rise should Joe/ Kamala win, and the progressive left shit storm the Democrats have evolved into driving their mandate. Trump runs on business and jobs for America. Democrats run on LGBTQ, racial injustice, higher taxes to implement new programs, increased regulations/ scrutiny of business, and the results are business leaving the country for greener pastures, just as they did under Obama. The market almost doubled under Trump. Unlike Obama who came in when the markets were scraping the bottom of the barrel, where the Dow was down 50% in the 7,000's due to the 2008 recession with nowhere to go but up, Trump came in when the Dow was at 16,000 already. It nearly reached 30,000 under him. I'd love to know what a Democrat controlled presidency would do to spark economic confidence in America that you feel will drive the markets up.
sickening CME's NQ. now 7 digits. used to be 6 digits. too strenuous on my eyes. if they change tick size from 0.25 to 1 point, then you will get 5 digits!!! why can't CME NQ follow Eurex DJ Euro Stoxx bank which has only 3 digits ( eg 61.6) ?
I use the micros. You pay a bit more in commissions in correlation with ROI, but the moves and volatility are extremely nice. Each contract is like 50 cents and each tick is 50 cents. 1 point is only $2 vs $20 for the regular NQ. I can buy 2 or 3 NQ micro contracts and make $200 to $300 per trade, with multiple trades in a day, because of its volatility. I prefer them to ES.
$10,000 is a no brainer. TSLA will split 5:1 so will split down to $500 (will be at $2500 by time it splits). Then from $500 it will rally back to $2000 in a few months. Which is $10,000 in current money.
NQ is entering a parabolic blowoff. How high it goes, the duration and number of impulses is hard to call, but given the already huge size of the market and ultra-narrow breadth, 16k-20k seems like a reasonable target - at which point money will start to slosh elsewhere sending smaller and more marginal sectors / assets into similar parabolic rallies. Rinse and repeat so long as Powell has his foot on the gas...