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  • James BoxJames Box
    Participant
    Post count: 12

    Emotion. Will desperate optimism keep the market fromm falling until after the election?

    Sean HymanSean Hyman
    Keymaster
    Post count: 3415

    It’s a massive assumption on investors’ parts that the market “can’t fall” before an election. There’s no proof of that. Do politicians “want” an “up” market through an election? Sure. Do they 100% always get it, guaranteed? No. When buyers run out of money or people stop buying by choice, the market can fall on its own weight just do to a lack of buyers. People think politics control the market. They do have their influence. But Trump can’t keep a market up, nor could Obama or any other president.

    In fact, the Fed’s actions in markets are more impactful than are presidents (of either party). And the Fed can’t ensure a bull market and the Fed can’t prevent a bear market. History has been clear on that.

    By the way, the market is lower right now than it was at yesterday’s lows.

    AvatarScott Pearcy
    Participant
    Post count: 298

    Already down 500 points….I suspect it will continue to fall even though there are promising job and unemployment numbers. Like you said, Sean, if people are not buying, the market can’t maintain its elevated position and will have to fall…

    Sean HymanSean Hyman
    Keymaster
    Post count: 3415

    Yep, pros know its grossly overvalue. Only much of the public has no clue. They get broad-sided every time. Their greed kills them financially.

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