Biden tops 6000 on the S&P500 for the first time

World food supply

 

These numbers should really move the first year or so to the previous president as it takes that long for new policies to make an impact. It would be interesting to know how that changes the numbers.

 

the last time the market rallied like this after an elections was 1928...that didn't end so well

Analysts say there has been one other post-election stock rally similar to Trump’s - it was in 1928

 

I don't know if it's the result, per se. Markets hate the unknown. The spectre of a protracted election dispute would certainly temper markets. Just having finality to the election would have increased investor confidence to a certain extent regardless of the winner.

 

Yeah the incompetence and corruption of the coming Trump administration, as well as the proposals for mass deportations, high tariffs, much higher deficits, etc, don't inspire confidence in me for leaving my money in stocks. I'll be moving to safer ground in the next months.

 

I suspect the increased cost of borrowing had as much or more impact on M&A as Biden's admin.

 

Stocks are definitely out over their skis a little bit. Due for a 5-7% pullback.

 

You could argue the Dow has runway to much higher levels and were suppressed by uncertainty from covid forward.

Slope is still lower than pre-great recession and the slope overall suggests some potential upside. Usually it goes the opposite of what I think though.

DOW JONES

 

Minimally. Plenty of M&A happened with higher borrowing costs.

Companies decided to not do it for fear of being drug into court by the Gov.

 

If there are “across the board tariffs”, you can pretty much forget those slopes.

It seems the Trump-Elon stans are already building excuses to rationalize the prospects of messing up the economy. “Well, we were due for a pullback anyway”.

At least the bar is set at 5-7%. Which isn’t much of a pullback. So we can expect them to re-evaluate if we see 20% or worse. Right? RIGHT?

 

Why wait if you’re so sure it’s gonna collapse?

 

Because I don't think it's going to collapse in the next couple of months.

 

Went ahead and moved a bunch more money from stocks to treasuries. The cabinet picks are insane and it's just going to get worse.

 

Thinking the same. If the Senate doesn't establish guardrails now, wow. At least 4 of them are non starters. Going to ride nvidia thru earnings but getting nervous about anything else

 

Stocks dropping big today. Market is very jittery with all the Trump insanity. Very glad I moved to treasuries.

 

Wall Street does not like chaos and uncertainty which there is about to be plenty of. Historically Dec has been a good month for stocks tho, so we will see how the year plays out.

 

Yeah, I wanted to stick it out through December but changed my mind after these crazy cabinet appointments. Even if stocks ends up rising a little in December, it's worth it just for the piece of mind of not being so exposed. Better to get out too soon than too late.

 

M&A often is a detriment to consumers so I find your statements on it on to be odd (and I say this as our company is currently in the middle of five M&A deals).

The DOJ just approved the Alaska Airlines / Hawaiian merger a couple months ago though so they’re not being unreasonable even in industries with very limited players.