Joe Biden can walk and talk at same time, look out below for awhile?
Market Talk
I am re-posting my last theory because I want to coin a name for it:
"The Biden effect"
It's a name for Joe Biden can speak and what it can do to the market. He has been coming out of his basement and showing that he can walk and talk at the same time. For
those that have hatred for President Trump this bolsters the democrats
hope. The bar has been set low for Biden thus far and as Trump haters
say well at least Biden can speak and think so he's better than Trump,
the market may start anticipating that Biden may actually win and
democrats sieze power.
If the Democrats do win,
look out below as far as the market. High taxes and state bailouts to
pay for mismanagement and such high debt items such as state pensioners
that drive typical democrat states like NJ and New York and California
into unsustainable debt.
The market is not
ready for socialism and the burdening costs and taxes that it will
require. The market will not want America to be like Venezuela.
With
the above preamble it seems like the run the market has had may stall
and even falter as uncertainty about the election plays out and
political positioning stall cooperation. The vision for the future of
America is in the balance on Nov 3.
With regard to the oveall market? Look out below for awhile?
Stock Talk
Nikola (NKLA): News today of a Nikola deal with GM on an electric truck.
Inovio (INO) : Inovio may still be in the mix in the vaccine race even though they have not yet received funding. However, the news today with a new partner to help produce 100 million doses in 2021 may be another "dot" to connect for Inovio.
As of today, Inovio is a highly shorted company due to delays and short sellers. "if" Inovio delivers excellent Phase 1 results on their clinical Covid 19 vaccine and advances as planned, Inovio may yet be a contender.
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ALL in my humble opinion, scroll down and read more..
This site does NOT make Buy / Sell recommendations.
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