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Trump has Covid


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#21 salam

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Posted 02 October 2020 - 10:05 AM

Orange; Lest we forget this news that will move the market down later this pm

Jobs number missed expectations !

The Labor Department on Friday said nonfarm payrolls increased by 661,000 jobs last month after advancing by 1.489 million in August. The number missed expectations from economists polled by Reuters who had forecast 850,000 new jobs for September. Employment growth peaked in June when payrolls jumped by a record 4.781 million jobs. urn:newsml:reuters.com:*:nL1N2GS23C
"It seems reasonable to assume that markets will be on shaky ground throughout October with the perfect storm of a highly contentious election and a pandemic that remains stubbornly at the forefront," said Peter Essele, head of portfolio management for Commonwealth Financial Network in an email.
"Investors should remain vigilant and consider some type of portfolio protection, as there remains a very real possibility that the markets gains over the previous two quarters will steadily erode in the months ahead as we close out a year that many would like to forget
I'm not sure what my future holds... But I know who holds it.

#22 gm_general

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Posted 02 October 2020 - 10:46 AM

On a TA related note VIX hit 50SMA yesterday and did a complete reversal so far finding resistance at 200SMA (rock and hard place). Interested to see if it crosses above.



#23 Darris

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Posted 02 October 2020 - 11:04 AM

Jobs number missed expectations !

For Sept the NFP report saw a near 240 ES pt drop from the high print on the Thursday session prior to the report to the low print on the Friday session the day of the report.  So far, Oct NFP report has dropped 88 ES pts from session high on Thursday to session low today.  History over the last 20 years shows good price movement in and around these NFP reports.



#24 redfoliage2

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Posted 02 October 2020 - 01:42 PM

So far it looks that Mr. Market does not care much about Trump tested positive for the virus.  The same is probably true that the market does not care whoever will win in the election on Nov. 3rd................


Edited by redfoliage2, 02 October 2020 - 01:45 PM.


#25 xe2dy

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Posted 03 October 2020 - 06:01 PM

If one had the choice between landlords where the first wants to raise the rent and the other wants to maintain or cut the rent which would you pick? 



#26 jacek

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Posted 03 October 2020 - 07:47 PM

If one had the choice between landlords where the first wants to raise the rent and the other wants to maintain or cut the rent which would you pick? 

That would depend on the property smile.png 



#27 tradesurfer

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Posted 03 October 2020 - 08:18 PM



Are you sure ?

The argentina IAR Merval index in 2019 crashed 40% in one day when the conservative candidate did not gain majority


I think we could get a massive one day crash if Potus does not win

The reason ? Massive tax increases on the wealthy
_-----------------------_-------------
The same is probably true that the market does not care whoever will win in the election on Nov. 3rd................

#28 linrom1

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Posted 04 October 2020 - 01:05 PM

Are you sure ?

The argentina IAR Merval index in 2019 crashed 40% in one day when the conservative candidate did not gain majority


I think we could get a massive one day crash if Potus does not win

The reason ? Massive tax increases on the wealthy
_-----------------------_-------------
The same is probably true that the market does not care whoever will win in the election on Nov. 3rd................

Agree, all the talk that market doesn't care either way is just that. In fact, it does look like they might run it up first and then crash it.