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  1. #1
    Registered User Murrmanski's Avatar
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    Would a Biden win cause a stock market crash?

    They want to hike up taxes on the average joe along with corporate tax hikes to pay for their socialist promises

    Open Borders

    Gun Grab (Kamala willing to sign executive order - words from her own mouth during the democratic debates)

    Should we pull out of our positions before the elections to be safe? I think this could cause a pretty bearish new era

    Discuss
    Last edited by Murrmanski; 08-13-2020 at 04:15 PM.
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  2. #2
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    I live in CA and will not vote for Biden. Let the stock market crash, I'll just short it. Wallstreet doesn't give a ****. The money makers do whatever thy want to make money.
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    Registered User Murrmanski's Avatar
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    https://www.forbes.com/sites/sergeik.../#6dd9f03a2ba4

    Article here touches on the Corporate Tax Hike component of their platform
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    Registered User Murrmanski's Avatar
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    Originally Posted by ForAFewRepsMore View Post
    We all know the Republicans, even with outside help, will do everything legal and illegal, to prevent Democrats from winning next year. However, we also know that the Russians are already interferring in the 2020 election with trolls and fake sites. This will only increase.

    Not only do we all need to stand together, but we must truly remember that is it not the popular vote which wins the election--boy, howdy, did we learn that lesson--but the Electoral College vote.

    It is also not about the coastal states. If it were, the people on the coasts who elected the president, Trump wouldn't be in office. It's not. It is the people in the swing states, the Rustbelt, middle America, union members, those in the military, those over 40, the older black voters; they are the ones who elect the president; the centrists. Biden is certainly the only candidate who could attract the moderate-to-liberal Republicans who are disgusted with their party.

    Study the Electoral College map; look at the double-digit Red states--Arizona, Pennsylvania, Florida, Ohio, Indiana, Michigan, Wisconsin, Minnesota, North Carolina, Georgia, Tennessee, Missouri, and Texas--they are the ones we must win.

    I should love to see a woman in the White House. However, the fact is that the critical voting groups I listed will NOT support a female candidate. In fact, it's not just them. A friend of mine posted recently posted:
    "I live in a city that is 70% Hispanic in California and I can tell you right now that our Congressman was pressured to endorse Biden now or the voters would not turn out for Democrats. We are usually blue, but our elections can be close."

    The ONLY chance we have of winning this election is for ALL Dems to fully support Joe Biden in both the primary and the election. This election is not about who you like. It is about who can WIN, and that's Biden.
    Lmao
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    My strategy: dump it all and shuffle my portfolio first trade day of the new year. I’m talking majority into renewables/solar. $ENPH would be one of em since that will most likely explode under that administration.
    The above post is a 100% complete lie

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  6. #6
    Registered User knightofday's Avatar
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    The market will most definitely crash the millisecond a biden win is announced. Good news though! aint happening
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    IIRC they want to implement a 50% capital gains tax and roll back the corporate tax cut. Stocks will instantly be worth less as soon as either of those happen.

    I have a chunk of change that came in from some property I sold. I want to invest and will be waiting at least until 2021, because in the off chance Biden is elected, stocks will be sold at discount for sure. I'll do my standard roth ira contribution until then.
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  8. #8
    Registered User Destor's Avatar
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    Pretty sure a Biden win would have a massive negative impact on the US Oil industry. He has promised to cancel one of our pipelines crossing the border but I think it would be a net gain for Alberta / Canada since the VP is so anti-fracking
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    Probably will sit half cash before the election. A Biden win will hammer stocks. That said green energy stocks would be a good buy.
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    Biden win and republican senate would just be a minor pullback because they won't be able to pass anything radical. A democratic sweep would be scary for markets.
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  11. #11
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    With they way everything is from corona is it even possible Biden would still try to raise capital gains tax? I imagine if he does it would be some time away. Either way will be selling some before Nov
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    Originally Posted by Destor View Post
    Pretty sure a Biden win would have a massive negative impact on the US Oil industry. He has promised to cancel one of our pipelines crossing the border but I think it would be a net gain for Alberta / Canada since the VP is so anti-fracking
    Oil industry is in the ****ter now. Is it Trump’s fault?
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  13. #13
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    Market Crash...good time to buy
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    yep if biden wins the stock market will go good bye and we will be in the great depression and the end of the US in general
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    The 8 years Biden was VP America experienced...

    A record 131 consecutive months of GDP.

    A record 113 consecutive months of positive job gains.

    Stock Market tripled.

    Corporate profits tripled.

    The total number of Millionaires/Billionaires doubled.

    17,000,000 private-sector jobs created.

    287,000 Government jobs cut.


    You ladies stop soiling your panties and stop listening to Fox News/Conservative Talk Radio OK?
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    Caucasian AlBHappy's Avatar
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    Originally Posted by EctoCanuck View Post
    The 8 years Biden was VP America experienced...

    A record 131 consecutive months of GDP.

    A record 113 consecutive months of positive job gains.

    Stock Market tripled.

    Corporate profits tripled.

    The total number of Millionaires/Billionaires doubled.

    17,000,000 private-sector jobs created.

    287,000 Government jobs cut.


    You ladies stop soiling your panties and stop listening to Fox News/Conservative Talk Radio OK?
    Under 2% GDP
    $4 gas
    Corporate profits due to foreign outsourcing and manufacturing
    Millions quitting the workforce
    Dependence on foreign oil
    Overregulation of all business
    Quit watching CBC

    Stick to your Provincial sales tax and national healthcare welfare.
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  17. #17
    u wot m8 MyBaddBrah's Avatar
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    Originally Posted by EctoCanuck View Post
    The 8 years Biden was VP America experienced...

    A record 131 consecutive months of GDP.

    A record 113 consecutive months of positive job gains.

    Stock Market tripled.

    Corporate profits tripled.

    The total number of Millionaires/Billionaires doubled.

    17,000,000 private-sector jobs created.

    287,000 Government jobs cut.


    You ladies stop soiling your panties and stop listening to Fox News/Conservative Talk Radio OK?
    You realize it had nowhere to go but up after Obama came in after the Great Recession right?
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    Registered User LurkoLantern's Avatar
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    Kamala proposed a 0.2% tax on all stock trades. Not on profits, but merely trading, including selling at a loss.
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    Registered User Heaney's Avatar
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    Originally Posted by LurkoLantern View Post
    Kamala proposed a 0.2% tax on all stock trades. Not on profits, but merely trading, including selling at a loss.
    RIP penny scalpers
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    No.
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    Might get a temporary reaction when they start counting and he's in the lead.

    Much like they expected Trump to cause the stock market to crash in 2016, I think it went limit down and then reversed everything to green by the morning open.
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    Originally Posted by EctoCanuck View Post
    The 8 years Biden was VP America experienced...

    A record 131 consecutive months of GDP.

    A record 113 consecutive months of positive job gains.

    Stock Market tripled.

    Corporate profits tripled.

    The total number of Millionaires/Billionaires doubled.

    17,000,000 private-sector jobs created.

    287,000 Government jobs cut.


    You ladies stop soiling your panties and stop listening to Fox News/Conservative Talk Radio OK?
    LOL wow...
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  23. #23
    Registered User Destor's Avatar
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    Originally Posted by oaktownabroad View Post
    Oil industry is in the ****ter now. Is it Trump’s fault?
    No, Trump is hugely supportive of US Oil. Oil industry is in the chitter because shale production is highly transient and dependent on the current price of WTI, and the combination of Corona with OPEC+ flooding the markets has had a massively negative impact. Plus the debt loads taken on by major shale companies, plus concerns around the whole business model and profitability.

    So there may be deeper concerns regardless but that’s another topic. A Biden win would almost certainly not be good news for US Oil.
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  24. #24
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    Originally Posted by oaktownabroad View Post
    Oil industry is in the ****ter now. Is it Trump’s fault?
    There is a refinery in my town, and most of my income is from it. The whole world is using less fuel. The refineries have filled up the pipeline system, their holding tanks, and all available railcars to store their production. Now they have no place to store their end product. My son in law is an operator at the refinery. Before covid, 20,000 barrels would go through his unit each hour. That was the norm. Now it has been more like 4,000 barrels for the last 4 months.
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    Originally Posted by paulinkansas View Post
    There is a refinery in my town, and most of my income is from it. The whole world is using less fuel. The refineries have filled up the pipeline system, their holding tanks, and all available railcars to store their production. Now they have no place to store their end product. My son in law is an operator at the refinery. Before covid, 20,000 barrels would go through his unit each hour. That was the norm. Now it has been more like 4,000 barrels for the last 4 months.
    Fuel demand will come back though. Vehicles ain't gonna run on fairy dust when people get back on the roads at full bore and EV adoption has a loooooong way to go. Jet fuel is a different story right now and I know refineries depended on ratios of what they refined from each barrel, their margins were being hit hard by that aspect. Not overly familiar with that side of the business myself tho
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    The damage will be more long term, with the policies.
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    Originally Posted by ghostfacedup View Post
    The damage will be more long term, with the policies.
    Depends if there is a Republican majority in Congress. Most likely nothing will get through.
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    Originally Posted by paulinkansas View Post
    There is a refinery in my town, and most of my income is from it. The whole world is using less fuel. The refineries have filled up the pipeline system, their holding tanks, and all available railcars to store their production. Now they have no place to store their end product. My son in law is an operator at the refinery. Before covid, 20,000 barrels would go through his unit each hour. That was the norm. Now it has been more like 4,000 barrels for the last 4 months.
    That’s my point. It ain’t Trump’s fault oil sucks now and Biden won’t make a hill of beans difference when he’s in charge. They can’t change the law of supply and demand so it’s ridiculous to say Biden will cripple the oil industry. Covid has crippled it.
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    Originally Posted by Halfway View Post
    He'll be free to pass whatever executive orders he wants while the ball less reps "play by the rules", there will be no Hawaiian judges to block anything Biden does and the reps will be on a 4 year apology tour if Trump loses and fold to everything Nancy wants

    The EPA is going to double down on the chit they did at the end of McCarthys term, and his other agencies are going to do whatever they can to fuk over business, motorists, homeowners and the middle class.






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    LMAO at Republicans trying to fear monger the stock market. The stock market did better during the Obama years than the Trump years. Republicans should be eliminated from society.
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