The difference in the media

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Rack

Legendary Cowboy
Oct 13, 2004
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#1
Lib headline
CNBC - "Dow Jumps more than 500 points as Biden Victories Boost Healthcare stock"

Con headline
Foxnews - " Stocks soar as Bernie Sanders’ Super Tuesday dud boosts health care"

Which one do you believe? Is it two sides to the same coin?

My thought is why would stocks budge on these elections at all as they are just a formality on who isn't going to be President? Maybe it has something to do with rejecting a socialist who wasn't going to win, in a primary, but I would think it has more to do with the fact that the corona virus is overblown and it's starting to wane it's stranglehold on the news cycle? Thoughts?
 
Nov 23, 2010
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#2
It's two sides of the same coin. I'm generally against one thingism, so I wouldn't say it is just the election results. However, a Trump v. Biden general election does make maintenance of the status quo more likely more or less whoever wins. The stock market is going to like that.
 

llcoolw

Territorial Marshal
Feb 7, 2005
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#7
but up 805 as of now today? Who knows...it's all speculation and reaction to a verity of things.
It sure seemed like the minute they announced the reduction the market took it as a bad sign. As did I. Why lower it at all? Shouldn’t it go up? Because of a virus? Why not just a 1/4 point, why 1/2? See? It created more questions then answers. It was a bad move.
 

Rack

Legendary Cowboy
Oct 13, 2004
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#9
Mid term elections dominate the news cycle?
DOW up over 1,200 points

Deserving or not, Coronavirus (again) dominates the news cycle one day later?
DOW down 700 at 9:55am

Hope the hysteria wans before we all lose our retirement accounts.

Oh boy...Warrens out of the race...maybe we will get another spike! Go Capitalism!!
 

oks10

Territorial Marshal
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Sep 9, 2007
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#11
Mid term elections dominate the news cycle?
DOW up over 1,200 points

Deserving or not, Coronavirus (again) dominates the news cycle one day later?
DOW down 700 at 9:55am

Hope the hysteria wans before we all lose our retirement accounts.

Oh boy...Warrens out of the race...maybe we will get another spike! Go Capitalism!!
I'm looking forward to the number of shares I'll be able to get with my discounted stock plan at work this next cycle! 80% of the lowest share price between Jan and Jun. Bad if you're trying to cash out, good if you're riding the wave.

Sent from my Pixel 2 XL using Tapatalk
 

jakeman

Unhinged Idiot
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Apr 4, 2005
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#12
I'm looking forward to the number of shares I'll be able to get with my discounted stock plan at work this next cycle! 80% of the lowest share price between Jan and Jun. Bad if you're trying to cash out, good if you're riding the wave.

Sent from my Pixel 2 XL using Tapatalk

Today is payday. Gonna get a lot of shares.

Our PIP contribution went in on the 28th, that was also kinda nice.
 

oks10

Territorial Marshal
A/V Subscriber
Sep 9, 2007
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Piedmont, OK
#13
I'm looking forward to the number of shares I'll be able to get with my discounted stock plan at work this next cycle! 80% of the lowest share price between Jan and Jun. Bad if you're trying to cash out, good if you're riding the wave.

Sent from my Pixel 2 XL using Tapatalk

Today is payday. Gonna get a lot of shares.

Our PIP contribution went in on the 28th, that was also kinda nice.
When things were good (oil) I wasn't enrolled in the stock plan thankfully. I've only been in it since things tanked, which is definitely going to pay off after things normalize again.

Sent from my Pixel 2 XL using Tapatalk