Bulls are straining to hold shares aloft, but we haven’t seen sufficient weakness to infer that the stock market smells a Biden victory. That would be a catastrophe for Wall Street, even if some pundits insist investors might actually prefer him. We now have fake opinions, it would seem, to supplement fake news intended to support Biden. Investors needn’t worry in any event, since there is no credible logic to support polls that show Biden leading comfortably. It evaporates when you factor in millions of Trump supporters who’d rather not talk about it with Gallup, Quinnipiac et al. Why risk having a fiery jack-o-lantern heaved through your living room window, or getting ‘keyed’ by some Biden partisan who doesn’t agree with your MAGA bumper sticker? The so-called low-propensity voters may not be very visible, but there are assuredly plenty of them out there. They will put Trump comfortably enough over the top to moot the inevitable post-election recounts.
Reasons for a Trump Landslide
In the meantime, the supposed experts have been combing through election data precinct-by-precinct in a half-dozen populous states, trying to discern a predictive pattern. Most of these guys couldn’t find a pattern in an Amish quilt. It’s not that hard, guys. Really. Just a few simple assumptions support not merely the prospect of a Trump win, but a Trump landslide. To wit: 1) virtually everyone who voted for Trump in 2016 is going to vote for him again; 2) many millions who didn’t will this time because Trump’s accomplishments have benefited them materially. Most are better off financially than they were under Obama, even with Covid depressing the economy. Aren’t you? 3) Joe is much more congenial than Hillary, and this will count for something at the ballot box; but 4) it will be more than offset by mounting evidence that he is a crooked politician, that his brain has holes in it, and that he is absolutely bereft of ideas that might improve America. His running mate, Kamala Harris, surely does not lack for ideas. Unfortunately for the Democrats, however, it is Marxists who hear her dog whistle most clearly. Bottom line: It’s still Trump by a landslide. _______ UPDATE (Oct 22, 4:57 p.m. ET): Few expect the debate to move the stock market on Friday, but it can’t hurt to speculate on a possible surprise — especially when the odds are right. We’ve got a bet down with some put options on IWM, a proxy for the Russell 2000.
I don’t agree with Ackerman at all.
If only half of Biden’s energy policies come true, we’ll see economic expansion that’ll make the Internet era seem puny. I know, I was there.
He claims “we’re all better off”. Bunk. If we lose our insurance that covers pre-existing conditions, we’re scrambling. So are millions of others.
He opines, “Joe is crooked, so don’t vote for him”. Compared to what? Trump? My god. Read some books.
Trump has done nothing for the crowd that’s always the foundation for economic growth. Biden and those around him believe in tech. Trump’s big idea for the economy is more drilling. He might as be recommending we go back to using typewriters.
BTW. The tech era was ushered in by 2 liberal Democrats – Judge Harold Greene and President Jimmy Carter. Because it was Carter, who appointed Judge Greene to preside over Divestiture, the break up of AT&T. Greene was thought to be the only judge who could understand such a complex issue. Divestiture unlocked Unix, which is C code. Unix was owned by AT&T and its subsidiary Bell Labs. Every piece of tech today, goes back to Unix. It led to high speed data lines (DS1’s) being available to anyone. Read about Divestiture. Reagan signed the decree his first week in office. He got the credit. But it was Carter and Greene who did all the work. Two liberals, who did all the work.
And Trump is ruled by the far, religious right. Fracking? Of course. Blowjobs? Not so much.
I get it. You guys all want lower taxes. So do I. But there’s absolutey no data that draws a line from economic prosperity to low taxes. None. Trickle down? It didn’t work for Reagan, Bush jr., it won’t work now. It’s never worked.
I’ve been a tech entrepreneur since ’89. I’ve not once, thought about lower taxes as a make or break issue. Neither has anyone I know. What we worry about, all we worry about, is if or not there’s customers for what we’re making. Taxes? If we’re making money who cares? We don’t.
If you had a son with a difference, were looking at their insurance being taken away, you’d feel our pain. Otherwise, if you haven’t been there you don’t know the pain.
And they are going to take away our insurance. “Yah but they’ll replace it with something better”. Really? They’ve been saying that for what? 10 years now? We’re in CO. Here’s Corey Gardner’s big idea:
https://www.9news.com/article/news/politics/truth-tests/colorado-senate-truth-test-claim-from-gardners-mom-about-pre-existing-conditions-leaves-out-one-detail/73-83b46341-4202-44be-8f15-3773f453dd1a
https://www.denverpost.com/2020/08/20/cory-gardner-pre-existing-conditions-bill-election-fodder/
And if you don’t have a sugartooth, you don’t know what it’s like.
https://www.youtube.com/watch?v=EyJ-EvrX48k
It’s really hard not to hate you people. But I won’t go there. No matter what.
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I always appreciate it when someone comes in here with another point of view, Deadhead, and so it’s good to welcome you. That said, there is not a single point you’ve made that I agree with. I don’t have the time or energy to rebut you point-by-point, but to take just one of them, the endlessly repeated trope that Trump is going to eliminate coverage for pre-existing conditions is nonsense. It is the one provision of Obamacare that NO ONE wants to see scrapped. Politicians not only know this, they and their families depend on it for their own medical care. It is here to stay. RA