This sort of idiotic bandwagoning unmoored from reality and sensibility is one of the big reasons I no longer treat the stock market with any seriousness. The market drops because… checks notes… the unsustainable bubble that is already starting to pop is probably going to get reined in, and tariffs are probably going to be repealed leading to increased international trade…? 😐
Any chance for big-business conservatives to scare the uneducated with the boogeymen of regulation and taxation on the wealthy (NBC is owned by Comcast, and is run by Michael Cavenaugh, a former banking and private-equity CEO).
The US market is expected to drop because the US market is massively overloaded with bubble tech stocks. DJIA and VGK (FTSE Europe ETF) are up in extended hours. Even VUG (Vanguard Morningstar Growth; US growth stocks ETF) is up.
If you don’t want it to pop you have to let the air out slowly. If you don’t want to let the air out slowly what do you want exactly?
Ah, I am glad this Blue Tsunami is going to make the parasites panic. But we need to make sure to capitalize on this victory. As it is useful if we make our new reps actually wield their power! If we can make the rich elite panic as a bonus action and keep them reeling, this will be the perfect time to separate a rich person from their money. Got to keep it cute, fresh, and fun!
We’ll see if the oligarchs are too stupid to wait until January to crash the economy. Got to wait until the dems are seated before you blame it all on them!
The S&P 500 was up one year after all 11 midterms from 1982 through 2022, averaging a 13.7% gain. Returns were positive in 91% of cases across the 1980–2024 analysis of elections
