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You know what, there has been a persistent bid as we call it underneath this market for months, despite the virus and the unemployment it is a puzzle enigma. I am trying to figure out why people keep buying i had an epiphany last night i was going over preparations for my monthly club talk this time looking at it through the lens of the election, it is only 20 days away. You know what . Of the 32 stocks we own for the trust, fully twothirds of them would do better under a biden presidency that caught me by surprise we were trying to bail out the election honestly i have been under the assumption that the market may take a hit if biden wins he wants to raise Corporate Tax and Capital Gains tax and rich people pay your own stocks. Is that good policy . I dont know given biden has been getting some incredible poll numbers the last few weeks it has become a real possibility. Many o ....
Inflation. You can jump up and down, screaming that the fed has to raise rates and Start Talking about the november or the december meetings. Or you can just get on with your life darn it and start buying the stocks in companies that do have growth. Either way were now past the big bad event and that almost always brings in buyers which is what happened today. The dow rallied 164 points. S p gained 1. 09 be ands nasdaq kpliemed 1. 03 . I say you got to say to yourself, how come im not upset about the feds decision to do nothing . Because like janet yellen, i see little infrags and low growth on the horizon, which means raising rates would be kind of a stupid idea. Why does the fed need to tighten with inflation tamed and retail sales weak, manufacturing turning more negative . Whats the point . To appease the critics . To make it so the commentators that come on tv and predict stay rate hike look smarter . To say, who cares, lets t ....
Approach the federal reserves decision today, to do nothing, keep rates low because theres still not much growth or inflation. You can jump up and down, screaming that the fed has to raise rates and Start Talking about the november or the december meetings, or you can just get on with your life darn it and start buying the stocks in companies that do have growth. Either way were now past the big, bad event, and that almost always brings in buyers which is what happened today. The dow rallied 164 points. S p gained 1. 09 , and the nasdaq climbed 1. 03 . I say you got to say to yourself, how come im not upset about the feds decision to do nothing . Because like janet yellen, i see little inflation and low growth on the horizon, which means raising rates would be kind of a stupid idea. Why does the fed need to tighten with inflation tamed and retail sales weak, manufacturing turning more negative . Whats the point . To appease the cri ....