Hope dampens for a stimulus deal before election

[tsptalk]

Dow falls after Mnuchin throws cold water on hope for a stimulus deal before election

Mnuchin said around midday that getting a deal done before the election would be difficult, adding that both sides were still far apart on certain issues. He also noted, however, that Democrats and Republicans are making progress in some areas.

https://www.cnbc.com/2020/10/13/stock-market-futures-open-to-close-news.html

 

[Bullitt]

Whether it's direct or an absolute bloated mess, there will have to be some kind of stimulus in 2021.

Six months and out, it's going to hinge on tax policy and COLA.

 

[rangerray]

There will be a vote in the Senate next week according to information I just heard in the Amy Coney Barret hearings.

 

[ToddB]

Looks like this combined with the re-shutdown in Europe has the European market down 2-3% and US futures down as well.
I took 100% to G Tuesday on one account but am still in 30C and 35S in the larger account.
Should I have moved all to G? We will see but it looks like we may be in a A-B-C downtrend, we will see how it plays out!


Sent from my iPhone using Tapatalk

 

[Boghie]

It's time to stop with the 'stimulus'.

It's time to get on with our lives and depend much less on gubmint. It was a valid action months ago, not so much now.

Bread and Circuses...

 

[Bullitt]

I think most people missed out on the March bottom and ended up chasing or sitting in overly safe allocations after selling in March. Most didn't plan on the unprecedented stimulus having any effect beyond a month or so.

This next stimulus is so highly anticipated to work that it may be somewhat of a let down no matter how much money is thrown at it.

 

[tsptalk]

It looks like it is going to be close to $2 trillion. $2,000,000,000,000

Remember these (stacks of $100 bills) when we cared about the national debt?

Multiply that last pile by 2...

But yeah, many have it already spent in their heads. Part of earnings estimates already?