General Discussion

milestogo

(16,829 posts) Wed Nov 25, 2020, 09:03 AM Nov 2020

Biden introduces cabinet, stock market goes up, Trump takes credit.

2 replies

= new reply since forum marked as read

Highlight:

Biden introduces cabinet, stock market goes up, Trump takes credit. (Original Post) milestogo Nov 2020 OP

I think Biden is the best thing that could happen for our economy, but I STILL don't get why Squinch Nov 2020 #1

The market rises OLDMDDEM Nov 2020 #2

Squinch

(51,025 posts)

1. I think Biden is the best thing that could happen for our economy, but I STILL don't get why

Reply to milestogo (Original post)

Wed Nov 25, 2020, 09:07 AM

Nov 2020

the stock market is rising.

Covid is fundamentally changing the way we consume. And the way we consume big things like transportation and real estate. And the net effect seems to be that we will not, in the future, consume as much.

Also, there are millions in dire financial straits right now who are not spending money.

So how are stocks still rising? And can they continue to rise or will there be a correction?

OLDMDDEM

(1,577 posts)

2. The market rises

Reply to milestogo (Original post)

Wed Nov 25, 2020, 10:06 AM

Nov 2020

due to a few things. First, there is the covid vaccine. That is a big deal. Next, there is the "Biden" bounce in the market. It happened in 2016 also. It shows the market was also sick and tired of the election lawsuits. Once Biden won out in Michigan and Pennsylvania, the market was happy, therefore, the rally.

My interpretation only.

Reply to this discussion