Corona Virus Influence on the Market

Discussion in 'Money and Business' started by Luv2hunteup, Jan 29, 2020.

  1. Gamekeeper

    Gamekeeper

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    The guy from Barron's pretty much described the current state of the American equities market.
    Pricing Has Absorbed whether or not Trump stays in office And it's just ready to move on.
    He factored in the primary influences he saw with a Biden win as well.
    Ain't gonna be no sweeping tax reform for the little guy. :(
    Trump's people got their's, and Biden isn't going to roll it back.

    I took profits, cut back my earlier oil position, and sold a property.
    I've been selling into this housing shortage to simplify my life.

    Saving a stack for whatever pre/post election volatility buying opportunities arise.
    There's gotta be a thousand point swing coming up anytime now.

    It's the unleashing of election insecurity.
     
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  2. kroppe

    kroppe

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    I can relate to most of the points except the 1,000 point swing. You mean election driven, right? Is there a precedent for it on a percentage basis?
     

  3. sureshot006

    sureshot006 Staff Member Mods

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    So wait the market has already factored in who wins the election but the market will be unstable because of election insecurity?
     
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  4. Gamekeeper

    Gamekeeper

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    Seems like the Fall is when it happens.
    I'm sure somebody out there has been using straddles to bracket election volatility. I can't remember who though.
     
  5. Gamekeeper

    Gamekeeper

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    What can I say. We have days of unanticipated market volatility, which would be at odds with the notion that the market is continuously efficient.
    I think we are headed to 30+, but not without some big bumps.
    I'll be buying those.
     
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  6. kingfisher 11

    kingfisher 11

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    I plan to pull back if Biden wins. I am sure I am not the only one. It may start out good but sooner or later the parents are coming home.
     
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  7. Gamekeeper

    Gamekeeper

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    We don’t have an endless ability to print money.
    The top folks got theirs, now it’s time to pay for the party.
    I expect a renewed interest in fiscal conservatism by the next mid terms, whomever wins.
     
  8. Gamekeeper

    Gamekeeper

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    I'm buying tomorrow.
     
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  9. kroppe

    kroppe

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    What and why?
     
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  10. BumpRacerX

    BumpRacerX

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    I set everything up to sell at the open and am moving into safer spaces. Made a nice amount on earnings season. But then have watched a fair amount of my core holdings disappear. Account is 12.75% up for the year. If I lose another ~1% at the open...oh well.

    Taking my ball and going home until I know we're not going off a cliff.
     
    motdean likes this.
  11. BumpRacerX

    BumpRacerX

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    To expound further-

    Putin and the Russian mask situation has me spooked a bit.
     
  12. Grouse Hunter

    Grouse Hunter

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    Historically the election has had little impact on the stock market. Sure there are some things the president can do to enhance th economy but overall there is little impact. It’s bigger than the presidency. Under Clinton the economy was booming, I don’t see politics impacting the market for anything longer than a blip.
     
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  13. kroppe

    kroppe

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    Yes, this. Buffett would agree. He says the market in the short term is a voting machine, in the long term it is a weighing (value measuring) machine.
     
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  14. motdean

    motdean

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    ???
     
  15. Gamekeeper

    Gamekeeper

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    Buffett has been a very smart and successful long-term investor.

    He has also had the benefit of massive amounts of cash being generated all the time, so that when he identifies an opportunity, he can jump on it without unraveling his other positions.

    For those of us in the wealth accumulation phase, that isn’t always possible.

    So,Since I know I don’t have 20 years left to worry about amassing and Ever greater Fortune, I have to pick my shots. And my parameters are changing.I want less work, not more.

    I can’t chase every little dip in the marketplace, or every hot tip that comes my way.

    As long as I’m on the right side of destiny as far as the direction of the curve, I’m happy and content.

    I already posted what I was doing over the last couple months, now I’m going the other way.
     
    kroppe likes this.