Jump to content



Photo

Stimulus Talks Update: At Impasse


  • Please log in to reply
18 replies to this topic

#1 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 13,801 posts

Posted 12 October 2020 - 11:52 AM

https://www.wsj.com/...sse-11602428344


Edited by redfoliage2, 12 October 2020 - 11:55 AM.


#2 fib_1618

fib_1618

    Member

  • Traders-Talk User
  • 9,161 posts

Posted 12 October 2020 - 01:19 PM

You're wasting time and effort following this...there is NO WAY that the House is going to give the President a talking point gift with 3 weeks left before Election Day.

 

Just follow the money which, after last Wednesday night, is already making their bet on whose going to win next month.

 

Fib


Better to ignore me than abhor me.

Wise men don't need advice. Fools won't take it. - Benjamin Franklin

Technical Watch Subscriptions

Technical Watch Twitter Page

Technical Watch Facebook Page


#3 da_cheif

da_cheif

    Member

  • Traders-Talk User
  • 10,164 posts

Posted 12 October 2020 - 02:07 PM

You're wasting time and effort following this...there is NO WAY that the House is going to give the President a talking point gift with 3 weeks left before Election Day.

 

Just follow the money which, after last Wednesday night, is already making their bet on whose going to win next month.

 

Fib

wed nite???   as in www?  :>)



#4 slupert

slupert

    Member

  • Traders-Talk User
  • 1,558 posts

Posted 12 October 2020 - 02:55 PM

You're wasting time and effort following this...there is NO WAY that the House is going to give the President a talking point gift with 3 weeks left before Election Day.

 

Just follow the money which, after last Wednesday night, is already making their bet on whose going to win next month.

 

Fib

I've been following it Fib, and with all due respect, I am having a hard time with the markets logic. The market sees it as a win win situation. If we get stimulus now definitely a win, if we get it after Biden is elected we will get a larger stimulus, so we win again. The problem with that logic, is Biden won't be President until the last week of January, almost 3 months without a stimulus, during flu season. Trump won't lift a finger to help if Dems win. If Trump wins , Repubs. in Congress will cheap out on a reduced stimulus. Sounds like it could be a long 3 or 4 months tom, bulls might be a little Giddy at this point (jmhO)



#5 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 13,801 posts

Posted 12 October 2020 - 03:07 PM

Traders took the money and ran late in the day as rumor says the talks falling apart ...............


Edited by redfoliage2, 12 October 2020 - 03:08 PM.


#6 pdx5

pdx5

    Trade safe! Mange risk wisely.

  • Traders-Talk User
  • 7,627 posts

Posted 12 October 2020 - 04:13 PM

Today's  strong market could be from this news---

 

Vaccine Testing Results


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#7 gismeu

gismeu

    Member

  • Traders-Talk User
  • 835 posts

Posted 12 October 2020 - 05:04 PM

Market is up because ....
... more buyers than sellers. :)

But seriously, tomorrow evening we have Sun in opposition to Mars.
That’s where all this energy and money came from.

So my FF is that starting tomorrow/latest next week the market will go down to sideways until February 2021!

gis
If you can't buy Happiness, STEAL IT!

#8 gismeu

gismeu

    Member

  • Traders-Talk User
  • 835 posts

Posted 12 October 2020 - 05:13 PM

Maybe I should add that my daily and monthly cycles are down and weekly is topping next week.
Plus some Vedic astrologers see this up-move as coming to an end for now.

FWIW, gis
If you can't buy Happiness, STEAL IT!

#9 gilford

gilford

    Member

  • Traders-Talk User
  • 2 posts

Posted 12 October 2020 - 05:31 PM

Biden win priced in? Not so sure. https://www.zerohedg...-win-presidency

 

Could this just be another massive call options melt up? Perfect day to do it. 



#10 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 13,801 posts

Posted 12 October 2020 - 07:28 PM

With temperature dropping the number of COVID cases jumped up. Its going to be a tough winter. But where is the new stimulus?

https://www.reuters....T/idUSKBN26X2H6

Edited by redfoliage2, 12 October 2020 - 07:35 PM.