So far earnings have been mostly crap, business spending has drifted lower in most spaces with the covid induced recession. Add that to the fact that at this point a relief bill won't happen until after the election + spike in covid with flu season starting and market has been drifting lower.

I think there's more room to the downside over the next couple weeks. I say that because I'm almost certain the election results won't be obvious and there might be a week before some of the mail in ballots get counted up and we get a clear picture. If someone clearly wins I think SPY get back to 350, maybe even higher by year end.

I remember posting how some analysts were saying we might see SPY at 400 by year end. I think at this point that's looking highly unlikely, even with the new stimulus I don't think it gets to that level.

expecting a massive drop since unlikely that there will be stimulus until after the election + this increase in cases + trump admin basically giving up

Agree 100%

Market wants a decisive victory one way or the other

To find the answer to that you'd have to value the company and compare it to the current market cap, you know, that fundamental rule of investing!

That didn’t age well.

This post was edited by obisent on Oct 28 2020 07:16am

Is it crashing? I’ve lost a shit ton the last two days

yes as soon as dow hits like 29k it gets dragged back, happened a few weeks ago

covid-19 numbers up even though it was widely expected is the “driver” of the dump but no stimulus doesnt help either and of course pre-election anticipation keeps some on the sideline

U weren’t wrong, was a nice beat. However so much noise can affect these reactions and Greeks never work in your favor for earnings

think there will be more pullback in the next couple of days, election year is always garbo and with corona + no stimulus. good time to have cash

Out of all the sell off days so far this one has hurt a bit. All my players are down which hasn’t happened During the recent sell off.
Roku , moderna , Disney , AMD.

Still positive catalysts to come like decisive election victory, potential vaccine (regardless of effectiveness), stimulus when it does inevitably come late this year vs early next

If trump wins election NIGHt don’t see markets reacting positively because it will be very close then and quite contested I’m sure