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NewsCenter28

(1,835 posts) Fri Oct 30, 2020, 03:08 AM Oct 2020

Trump Crash - Dow futures plummet Friday before election (-522)

https://markets.businessinsider.com/premarket

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Trump Crash - Dow futures plummet Friday before election (-522) (Original Post) NewsCenter28 Oct 2020 OP

I've been noticing this Awsi Dooger Oct 2020 #1

Yep-quite the precipitous drop since the September testing of the highs NewsCenter28 Oct 2020 #2

Awsi Dooger

(14,565 posts)

1. I've been noticing this

Reply to NewsCenter28 (Original post)

Fri Oct 30, 2020, 03:14 AM

Oct 2020

Thank you for posting. GDP rally on Thursday but now apparently spit out via Dow futures down 2% and Nasdaq down 2.5%

NewsCenter28

(1,835 posts)

2. Yep-quite the precipitous drop since the September testing of the highs

Reply to Awsi Dooger (Reply #1)

Fri Oct 30, 2020, 03:24 AM

Oct 2020

COVID breaking an all-time record yesterday is probably spooking them along with the continued fallout from McConnell blocking the stimulus and Q4 looking horrendous.

Barrons wrote an article yesterday that the Dow broke its support level and could test 25,000 now as the next possible bottom.

I wouldn’t be surprised if it doesn’t fully rebound until we’ve had between 3 and 6 months of implementation of the Biden/Harris rescue packages, after the initial surge after passage.

Yesterday wasn’t as big of a rally as the futures indicated or I was expecting. So, I’m glad the stock market is not fooled and is being forward looking for Q4.

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