Impact of election on market

I can live with a Biden presidency coupled with a Republican senate.

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That kind of checks and balances are good. As long as tax increases are stopped, Biden is fine.

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Biden no problem. Harris no way. Looks like All the Ca props failed except 22. Awesome

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My soaring 20s will be on hold with an R senate. I feel less bullish vis-Ć -vis a unified D government.

Anyway will still be better than the past four years. People forgot we got some crazy crashes in 2018 out of nothing? At least things won’t get crazy and we don’t have to worry about what the president tweets out in the wee hours.

Assuming the Biden win holds, I’m really happy about the way things turned out. A landslide would have given the Dems a mandate to push their progressive agenda. With a Republican senate and a narrow majority in the house they will be forced to pursue more moderate policies, yet will have exorcised the Co-conspirator in Chief and his band of crony capitalists. There is already a contingent of moderate dems talking about ousting Nancy Pelosi after the election has failed to deliver a progressive mandate.

TL:DR more compromise, less all out partisan hatred and division, good for markets and business

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Wishful thinking. Nancy is a moderate compared to AOC and the squad. If Biden is truly presidential he should avoid a witch hunt of Trump and cronies and look ahead. The radical left will pursue their heinous agenda no matter what. All we have is a couple of old Senators and the Supreme Court between us and Venezuela.
Ironically Nevada may put Biden over the top. A place where all me redneck California hating friends( many are retired cops on California pensions) retired too.

Wouldn’t be surprised if leading Republicans are actually happy about this outcome too.

Such as…

ā€œDonald Trump has proven over these last four years he is incapable of such leadership,ā€ Ridge wrote. "It is not within him. He lacks the empathy, integrity, intellect, and maturity to lead. He sows division along political, racial, and religious lines.

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https://www.cnn.com/2020/11/04/investing/global-stocks/index.html

If Republicans hold the Senate, they will want to stop what they see as the Joe Biden ā€œspending agendaā€ and ā€œrunaway federal debt,ā€ which will mean less fiscal stimulus and no corporate tax increases, said Jon Lieber, managing director with consultancy Eurasia Group.

Ideal for stock market :star_struck:

why are you assuming the woman makes less? I’d have to have like 5 kids all in daycare before it would even break even for me to stay at home and even then my long term potential for income outweighs that.

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Because she earns less than her spouse before she stops working. My wife has earned more than me all the time :blush:

Protests Over Ballot Tallies Sweep Through U.S. Cities

Instigated by …

Wonder why market is not dropping? Feel like I have made a mistake in selling TQQQ. I sold on the assumption that market would dive if there are civil unrest - not sufficiently violent? Guess it will when the Presidency is declared. Probably dive on Monday!

It’s not about assuming she makes less. It’s about assuming all her income is taxed at the marginal rates, so the government would get most of it.

I’m assuming my husband is going to work either way, not that I make less. That means I’m taxed at the rate on top of his. It was more of a self-referencial ā€œyou as a SAHMā€. Erase SAHM and insert SAHM/SAHD/SAHP (person). I do have a friend who is a guy who is now a SAHD. For him that’ll be the same calculation.

Also, there’s a value to the work done around the house–one of my friends put it at around $70k-$80K–both of us are fix-it types of people which does factor in (she does her own plumbing and living in NY, has had pipes burst), but there’s cooking, cleaning, gardening, chauffer, accountant, tutor, barber, and handyman/electrician/carpenter. Time is money however you cut it. For any person and family, there is a salary at which you break even whether a SAHP or working.

I was ready to buy on Tuesday but then the market rallied away from me. Since then it rallied even more.

:sob:

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I’ve never understood the logic of angry Democrats protesting only in places full of other Democrats. I’m relieved I’ll never have to deal with it - but still puzzled.

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Or angry minorities rioting in places full of minorities.

And you’re like ā€œyou just torched a black-owned business in the name of reducing violence against blacksā€.

And they’re like ā€œYou complain that we’re destroying things, why don’t you complain that a black person DIED?!?!ā€

And you’re like… :woman_facepalming:

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https://realmoney.thestreet.com/jim-cramer/jim-cramer-the-stock-market-will-do-even-better-under-a-new-administration-15489893

JC is bullish for 2021.

Most important, you want to own the companies that do big business in China, namely Starbucks (SBUX) , Otis (OTIS) and Nike (NKE) , but also 3M (MMM) , Procter (PG) , Honeywell (HON) and, most of the semiconductor companies.

Ofc BA and AAPL.

Semi is hot :hot_face:

The oil stocks will do better here. I like Chevron (CVX) and Pioneer (PXD) for those who can’t help themselves.

I owned CVX :grinning:

I know many of you support electric vehicles ad there are plenty of companies involved in that which will only be encouraged by Biden. Same with solar and same with hydrogen and wind. You will see these stocks go relentlessly higher because younger investors love them and the ETFs that group them.

The alt-e stocks went relentlessly higher early in the Obama years - only to massively underperform later. Ditto with robot makers after Obama’s infamous auto-teller remark. Another trend that wasn’t.

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I know I know. I bot into the hype, bot SPWR, still red :face_with_symbols_over_mouth: Average down quite a bit, nearing green soon. So :shushing_face: I need to unload to Mr Market.

MAXN is a spinoff from SPWR.

Did you DCA SPWR? Why did not you do it, with your own formula 10% down DCA it? You should have been positive by now?

Focusing on S&P funds, I missed many stocks including SPWR.

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