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Wall Street Quietly Begins Warning About A Biden Presidency


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"With Joe Biden surging in the polls, Wall Street executives are preparing for a potential scenario where he becomes president—with some firms warning clients the stock market could take a hit.

Although Biden was a heavy favorite over Bernie Sanders in the Democratic primaries, Trump was still viewed as the general election favorite going into 2020. But since the start of the coronavirus pandemic, tens of millions of Americans have lost their jobs and many businesses remain shut down. Facing criticism over his administration’s response to the virus outbreak, Trump’s support amongst voters has begun to whither in recent months. Wall Street had considered the possibility of a Biden presidency before, but it wasn’t until his recent surge in the polls that the outcome began to look more likely."

https://www.forbes.com/sites/sergeiklebnikov/2020/06/27/wall-street-quietly-begins-warning-about-a-biden-presidency/#4b3dfa3d2ba4

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  • 2 weeks later...

As usual, there's good news and bad news.

The bad news is that Biden will win in November.

The good news is that, as an adult, I've lived through 20 years of Democratic presidential administrations, and by and large, they weren't much different that living through Republican presidential administrations. We'll get our turn again. 

The only unanswered question is whether the Republicans can hold the Senate, and I'm thinking it's doubtful.

Covid-19 turned the world on its head, and in the end, Trumps' handling of it (or lack thereof) will cause his defeat. In comparison, the impeachment deal was a tempest in a teapot... didn't even dent his armor. Covid has the nation in a quandary about how to reopen not just the economy, but its schools, from pre-K through post-secondary level. A LOT of two income households -- millions of them -- need for those schools to reopen. Our initial attempts to reopen the economy were not particularly confidence-inspiring. Hell, we couldn't even keep bars open... how are we gonna keep schools open?

My $.02.

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Democrats claimed there was no way Hillary wouldn't win right into the election, until she lost...........
Democrats have to claim the win, no one would vote for them if they said they would lose.

This is desperation, since they know absolutely that Biden can't even place.  He even lacks coherence in public.  They know they will lose bigtime, and are afraid that they will lose every thing!.....

Edited by janice6
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4 hours ago, PPQer said:

Mark Cuban says Biden would be the best thing the market has ever seen.

Shows you just how out of touch Democrats are with the economy and our financial world.................

Stupid people supporting more stupid people!

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27 minutes ago, janice6 said:

Shows you just how out of touch Democrats are with the economy and our financial world.................

Stupid people supporting more stupid people!

I was back-handing Cuban.  He predicted Trump being elected would tank the market, and said he was moving his money to short.  Proves how much he knows.

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