A Biden Victory Is Not Good For The Stock Market

🗣  "(...) a Biden victory is not good for the stock market. It means much higher taxes and that is not going to be offset by the Federal Reserve.”

The U.S. stock market just had its worst week since March. In fact, if you look at just the second half of October, this is the biggest decline we've seen in the second half of October since 1987 and that was the year of the October 87 stock market crash!

This Time Stocks And Bonds May Crash Together

When the stock market crashed in Oct. of 1987, a sharp rise in bond prices not only cushioned the blow for diversified portfolios, but lower interest rates supported higher stock market valuations. This time stocks and bonds may crash together, leaving investors with no relief.

Bitcoin, Election & Stimulus

Bitcoin: The Biggest Bubble

If you measure the size of asset bubbles based on the level of conviction buyers have in their trade, the Bitcoin bubble is the biggest I've seen. Bitcoin hodlers are more confident they're right and sure they can't lose than were dotcom or house buyers during those bubbles.

Is a contested election good for the stock market?

On CNBC Fundstrat said a contested election is good news for the stock market because it will cause the Federal Reserve to backstop losses with more QE. Maybe if COVID starts turning people into Zombies we can all stay home and get rich, as the Federal Reserve money printing sends stock prices soaring.

The Economic Dependence On Stimulus

It's crazy to blame the problems in the economy or the stock market on a lack of stimulus. The Federal Reserve is already suppling constant monetary stimulus and the Federal government is providing huge fiscal stimulus. The problem is that the stimulus addicts now need an even larger dose.