Yeah it’s been good, we are sitting right next to triple top

Ball out or bust incoming

Futures up bigly

Why did I take some money off the table.. markets Chadding it up while virgin dollar is continually getting pounded. DXY dollar index shows dollar dropped by 6.3% YoY

https://www.marketwatch.com/investing/index/dxy

I feel bad for old people here, they are getting the shaft really. They can't get yield in treasuries, if they try to hold wealth in fiat, they're getting stomped, so now they're forced to go up the risk curve and go into equities even though in reality their portfolio should be heavily bond with small % in stock.

they will attempt to call it a ‘post-election rally’ because of the media call on Saturday. but everyone knows its due to a highly likely scenario that biden, if he wins out, will be a lame duck president. one with no mandate, no plan for economic growth, no method of unifying with people he and his supporters hate, and no legislative influence to support his rumored platform. hell the house of reps is still up for grabs too, somehow, although the (D)s will likely hold it with an extremely unpopular pelosi in charge. a potential biden president will just attempt to EO us back into unfavorable positions for our country, but makes every other nation “happy” - which we all know is what matters most to most USA politicians and almost all lefties

that means likely no removal of tax cuts, no ridiculous tax increases during a pandemic, and no 40%+ capital gains that people like you and me would have to pay. market loves this and with good reason.

This post was edited by excellence on Nov 8 2020 09:29pm

not trusting the bounce, not putting more money in

shutdown conversation will start again imo. even if it doesn't happen I think the conversation will inevitably pop up and rile markets. it really has to get passed this 360 level or triple top ...

This post was edited by Bazi on Nov 8 2020 09:58pm

oh im not adding much here either, just my usual contributions to retirement plans (haha retirement, that's a good one)
fortunately it is unconstitutional to shut the country down or even demand a nationwide mask mandate. and the media message is so FUBAR right now around it around the world:

https://www.axios.com/cdc-coronavirus-vote-in-person-afa007bc-3820-4e51-8617-80dc3589b5b1.html
https://www.washingtonpost.com/nation/2020/11/03/covid-coronavirus-updates/
https://www.dailymail.co.uk/news/article-8925427/Official-data-exaggerating-risk-Covid-500-academics-tell-Boris-Johnson.html
https://thehill.com/changing-america/enrichment/arts-culture/524877-indoor-concerts-may-be-made-safe-from-coronavirus

I think we're mostly past the point where a shutdown will be considered. Without mask mandates and other measures there's not real reason to even do a shutdown. It's not gonna help stop the spread.

Same with things like travel restrictions.

MI companies are already hiring lawyers to argue they are essential businesses against a lot of talk about MI temporarily closing non essentials again

all you need is talk for markets to be violent, especially when sitting at all time highs




bro relax we will retire and watch our kids fk up all our hard work

Those rejections off the top didn’t have such a massive tail wind. Election being over and split congress is really big. Stimulus all but guaranteed is also big. I’m really bullish over the next 6-9 months.

Gold prices still sky high for some reason...

True, just rumors can bring everything crashing down.

I welcome a crash. Give me a good reentry point!