***Biden wins presidency-Boy are we toast***

[ah giten]

Market going through the roof. What happen to Trumps prediction the market would crash? ROFLMAO!!!

Trump expedites a vaccine, and the market is Bidens credit
"U.S. stock futures extended what already were strong gains, following the news that the vaccine being developed by Pfizer PFE, +0.02% and BioNTech BNTX, was more than 90% effective in preventing COVID-19."

[CountValentine]

Trump expedites a vaccine, and the market is Bidens credit
"U.S. stock futures extended what already were strong gains, following the news that the vaccine being developed by Pfizer PFE, +0.02% and BioNTech BNTX, was more than 90% effective in preventing COVID-19."

You either have goalposts or you don't. Otherwise you can play with numbers all day long. It also went up before the announcement so don't let facts get in the way.

[Mordyk]

You either have goalposts or you don't. Otherwise you can play with numbers all day long. It also went up before the announcement so don't let facts get in the way.

-1.  Didn't go up like. This.  This is solely due to vaccine.  But hey let Biden take credit even if he isn't in office yet...

[aygart]

You either have goalposts or you don't. Otherwise you can play with numbers all day long. It also went up before the announcement so don't let facts get in the way.

I thought you go from inauguration? You moved them?

[CountValentine]

I thought you go from inauguration? You moved them?

I didn't move anything. I am talking about Trumps comment. He was talking about after inauguration?

[S209]

-1.  Didn't go up like. This.  This is solely due to vaccine.  But hey let Biden take credit even if he isn't in office yet...

To be fair the market started its meteoric rise after Election Day 2016, not after Trump took office.

[CountValentine]

-1.  Didn't go up like. This.  This is solely due to vaccine.  But hey let Biden take credit even if he isn't in office yet...

Market was up last week and again this morning before the announcement.
You can have your own opinion but not your own facts. 

[YitzyS]

I think most objective people believe that the market wouldn't like Biden's policies. The reason the market didn't tank is solely because it seems like the Rs will keep the senate, thus greatly mitigating Biden's ability to do harm to businesses. Rolling back the tax cut is all but off the table, and there's almost no chance that the Senate will confirm Elizabeth Warren to a cabinet position.

News of an imminent vaccine now can have an effect on a market bump.

Is what I'm saying not common sense? @CountValentine

[CountValentine]

Is what I'm saying not common sense? @CountValentine

From the right point of view.
Market did great under BO and he inherited a disaster.
My point was to show Trump to be the idiot he is with these statements.

[S209]

I think most objective people believe that the market wouldn't like Biden's policies. The reason the market didn't tank is solely because it seems like the Rs will keep the senate, thus greatly mitigating Biden's ability to do harm to businesses. Rolling back the tax cut is all but off the table, and there's almost no chance that the Senate will confirm Elizabeth Warren to a cabinet position.

News of an imminent vaccine now can have an effect on a market bump.

Is what I'm saying not common sense? @CountValentine

Nobody can ever say with certainty what is causing the market’s behavior, although many people try. All too often, you’ll see the following headlines after a jump: “Market rises on news of x” only to see headlines half an hour later after they fall again- “Market hesitates, then drops on news of x”.

Many believe the market likes the fact that Biden is expected to spend an enormous amount of money in the economy.

[CountValentine]

Nobody can ever say with certainty what is causing the market’s behavior, although many people try. All too often, you’ll see the following headlines after a jump: “Market rises on news of x” only to see headlines half an hour later after they fall again- “Market hesitates, then drops on news of x”.

Many believe the market likes the fact that Biden is expected to spend an enormous amount of money in the economy.

Market likes certainty. They know now Biden will be president. They don't know about the senate. Once that is known then we can see which way it goes. As @aygart pointed out the goalposts start and end at inauguration.

[YitzyS]

I'd like to correct my previous post.

Elizabeth Warren is not a serious candidate for a cabinet post, IMO. The governor of Massachusetts is a R, so she cannot resign or a R would take her spot.

[zh cohen]

I'd like to correct my previous post.

Elizabeth Warren is not a serious candidate for a cabinet post, IMO. The governor of Massachusetts is a R, so she cannot resign or a R would take her spot.

Only until a special election is held. That state is a good example of how changinh the rules in a way you think can benefit you can come back to bite you.

When Kerry was running for president they changed the rules (to make a special election instead of the Governor appointing) in order to avoid giving the Republican Governor at that time (Mitt Romney) the chance to fill the seat if Kerry won. That led to Scott Brown winning the seat after Ted Kennedy died.  They changed the rules again to allow the then Governor (a Democrat) the ability to appoint a interim senator (who lost to Brown) and now Warren is stuck.

[cks33]

Trump expedites a vaccine, and the market is Bidens credit
"U.S. stock futures extended what already were strong gains, following the news that the vaccine being developed by Pfizer PFE, +0.02% and BioNTech BNTX, was more than 90% effective in preventing COVID-19."

pfizer took no money from operation warpspeed

[zh cohen]

pfizer took no money from operation warpspeed

Except for a $2Billion contract. Also, Warp Speed allowed them to do trials a lot faster than would otherwise have been possible.

In other words you are being gaslighted.