2020 Presidential Election Thread: IT'S THE FINAL (vote) COUNTDOWN! [update pg 61: Joe Biden elected 46th POTUS]

[mpharris36]

Some investments will react well to the combination of the Biden win and hopefully Republican senate. Already up nearly 30% from the pre-election lows.

They did say wallstreet is loving this assuming the republicans can keep the senate. They will have a president that wont recklessly tweet that will make the stock market less volatile but then they won't have to worry about large corporate taxes being passed. It's like there dream scenario.

Yes, it helps Wall Street but doesn't help Main Street. McConnell won't let Democrat bills even get a floor vote. America has fallen too far in love with the almighty stock market both for purposes of income and as the barometer of the economic state of our country. But, just like the price of gasoline, it really isn't.

We have too many programs that need being funded in order to allow large corporations continue to get tax breaks and subsidies on top of an already-low tax rate. Btw, there are never enough tax cuts for the corps and the top 1% because greed knows no boundaries. Rich people will even tell you that. Oil companies have already come out publicly saying "We don't need the oil subsidies and we already told these guys (i.e. republicans) but they keep giving them to us!"

to be fair though the economy was doing well regardless of if you were on the Trump inherited it camp or beleive he was helping it pre-pandamic. So the theory would be if Biden does his job (which he says he will) in controlling the pandemic then we shuold get back to a strong economy again. Without major policy changes.

I was just pointing out that the markets probably like the consistency of Biden because there is no doubt Trump was a serious loose canoon. Which was reflected when Biden started to take a firm lead in winning the presidency.

[BKlutch]

I know and it’s because of the idiots here on Trump (Long) Island where I live. That’s what ruined it. We need to put it to a referendum in order to get it done.

I started answering this post 3 hours ago. But correlation does not equal causation.

Que?

My reply was supposed to have been to people driving slower when smoking weed. I've had absolutely nothing today, not even food. My brain probably had a week's worth of excitement and joy yesterday. Today, nada.

[HarthorneWingo]

I started answering this post 3 hours ago. But correlation does not equal causation.

Que?

My reply was supposed to have been to people driving slower when smoking weed. I've had absolutely nothing today, not even food. My brain probably had a week's worth of excitement and joy yesterday. Today, nada.

Ohhhhh, gotcha man

[HarthorneWingo]

They did say wallstreet is loving this assuming the republicans can keep the senate. They will have a president that wont recklessly tweet that will make the stock market less volatile but then they won't have to worry about large corporate taxes being passed. It's like there dream scenario.

Yes, it helps Wall Street but doesn't help Main Street. McConnell won't let Democrat bills even get a floor vote. America has fallen too far in love with the almighty stock market both for purposes of income and as the barometer of the economic state of our country. But, just like the price of gasoline, it really isn't.

We have too many programs that need being funded in order to allow large corporations continue to get tax breaks and subsidies on top of an already-low tax rate. Btw, there are never enough tax cuts for the corps and the top 1% because greed knows no boundaries. Rich people will even tell you that. Oil companies have already come out publicly saying "We don't need the oil subsidies and we already told these guys (i.e. republicans) but they keep giving them to us!"

to be fair though the economy was doing well regardless of if you were on the Trump inherited it camp or beleive he was helping it pre-pandamic. So the theory would be if Biden does his job (which he says he will) in controlling the pandemic then we shuold get back to a strong economy again. Without major policy changes.

I was just pointing out that the markets probably like the consistency of Biden because there is no doubt Trump was a serious loose canoon. Which was reflected when Biden started to take a firm lead in winning the presidency.

By what metrics are you using to conclude that the economy was strong before the pandemic because I would argue that in fact it wasn't. It was clearly very unstable. We've been hitting major bubble burst and recessions almost every 7 years. Like clockwork. This is as a result of our current capitalist system.

[mpharris36]

Yes, it helps Wall Street but doesn't help Main Street. McConnell won't let Democrat bills even get a floor vote. America has fallen too far in love with the almighty stock market both for purposes of income and as the barometer of the economic state of our country. But, just like the price of gasoline, it really isn't.

We have too many programs that need being funded in order to allow large corporations continue to get tax breaks and subsidies on top of an already-low tax rate. Btw, there are never enough tax cuts for the corps and the top 1% because greed knows no boundaries. Rich people will even tell you that. Oil companies have already come out publicly saying "We don't need the oil subsidies and we already told these guys (i.e. republicans) but they keep giving them to us!"

to be fair though the economy was doing well regardless of if you were on the Trump inherited it camp or beleive he was helping it pre-pandamic. So the theory would be if Biden does his job (which he says he will) in controlling the pandemic then we shuold get back to a strong economy again. Without major policy changes.

I was just pointing out that the markets probably like the consistency of Biden because there is no doubt Trump was a serious loose canoon. Which was reflected when Biden started to take a firm lead in winning the presidency.

By what metrics are you using to conclude that the economy was strong before the pandemic because I would argue that in fact it wasn't. It was clearly very unstable. We've been hitting major bubble burst and recessions almost every 7 years. Like clockwork. This is as a result of our current capitalist system.

We have different views on the success of the economy (median house income up, poverty rate down, unemployment rate lowest since the 60's) and don't want to specifically want to derail and get into a capitalist system vs social system debate because lets be honest we would be dug in the trenches there

But you aren't wrong a capitalist system you have the potential for unstable effects to it because its giving all the power to the people and the markets. I however specifically would take that any day over the gov't getting there hands on trying to overly control it. If you want to chat more via PM wingo I would be happy to do that as well.

[Capn'O]

WTF? Why?

Some investments will react well to the combination of the Biden win and hopefully Republican senate. Already up nearly 30% from the pre-election lows.

They did say wallstreet is loving this assuming the republicans can keep the senate. They will have a president that wont recklessly tweet that will make the stock market less volatile but then they won't have to worry about large corporate taxes being passed. It's like there dream scenario.

And renewables will get the biggest pop, as they already have, as a big support plan is in the works.

I have PLUG stock and an ETF that features renewables. Psyched for tomorrow.

[HarthorneWingo]

They did say wallstreet is loving this assuming the republicans can keep the senate. They will have a president that wont recklessly tweet that will make the stock market less volatile but then they won't have to worry about large corporate taxes being passed. It's like there dream scenario.

Yes, it helps Wall Street but doesn't help Main Street. McConnell won't let Democrat bills even get a floor vote. America has fallen too far in love with the almighty stock market both for purposes of income and as the barometer of the economic state of our country. But, just like the price of gasoline, it really isn't.

We have too many programs that need being funded in order to allow large corporations continue to get tax breaks and subsidies on top of an already-low tax rate. Btw, there are never enough tax cuts for the corps and the top 1% because greed knows no boundaries. Rich people will even tell you that. Oil companies have already come out publicly saying "We don't need the oil subsidies and we already told these guys (i.e. republicans) but they keep giving them to us!"

to be fair though the economy was doing well regardless of if you were on the Trump inherited it camp or beleive he was helping it pre-pandamic. So the theory would be if Biden does his job (which he says he will) in controlling the pandemic then we shuold get back to a strong economy again. Without major policy changes.

I was just pointing out that the markets probably like the consistency of Biden because there is no doubt Trump was a serious loose canoon. Which was reflected when Biden started to take a firm lead in winning the presidency.

This economy - until the pandemic - was just a continuation of the economic turnaround which resulted from the '08 stimulus plan. Look at the graphs. Trump signed his tax cuts into law but cuts to the middle class were only temporary while the tax cuts to the corporations were made permanent but went into stock buybacks as opposed to it "trickling down" to their employees so that they could use it to spend money on consumer goods which, in turn, then drives the economy. Most regular people don't have the extra dough on hand to play the stock market anyhow.

[HarthorneWingo]

Some investments will react well to the combination of the Biden win and hopefully Republican senate. Already up nearly 30% from the pre-election lows.

They did say wallstreet is loving this assuming the republicans can keep the senate. They will have a president that wont recklessly tweet that will make the stock market less volatile but then they won't have to worry about large corporate taxes being passed. It's like there dream scenario.

And renewables will get the biggest pop, as they already have, as a big support plan is in the works.

I have PLUG stock and an ETF that features renewables. Psyched for tomorrow.

Exactly, MP just needs to "fine tune" his portfolio.

[3toheadmelo]

Lmfao

Read on Twitter

[BKlutch]

Que?

My reply was supposed to have been to people driving slower when smoking weed. I've had absolutely nothing today, not even food. My brain probably had a week's worth of excitement and joy yesterday. Today, nada.

Ohhhhh, gotcha man

All these years later, and I still laugh at this!

[HarthorneWingo]

How about we start enforcing the Sherman Anti-Trust Act? We haven’t enforced it in decades and it’s still good law.

[mpharris36]

Some investments will react well to the combination of the Biden win and hopefully Republican senate. Already up nearly 30% from the pre-election lows.

They did say wallstreet is loving this assuming the republicans can keep the senate. They will have a president that wont recklessly tweet that will make the stock market less volatile but then they won't have to worry about large corporate taxes being passed. It's like there dream scenario.

And renewables will get the biggest pop, as they already have, as a big support plan is in the works.

I have PLUG stock and an ETF that features renewables. Psyched for tomorrow.

I have no issues with investing in renewables. Companies can't survive without that approach nowadays. Just for perspective I have worked in CPG finance my whole working life. Consumers care about ingrediants and sustainable development goals (whether that is biodegradable cartons and cases). I don't think you would be able to survive in this competitive capatilistic CPG market without it.

I have a ton of experience in this field and its not all about price price price anymore. You have many different type of consumers that care not only what they are putting into there body/pets bodies but how it is effecting the environement as well.

[mpharris36]

They did say wallstreet is loving this assuming the republicans can keep the senate. They will have a president that wont recklessly tweet that will make the stock market less volatile but then they won't have to worry about large corporate taxes being passed. It's like there dream scenario.

And renewables will get the biggest pop, as they already have, as a big support plan is in the works.

I have PLUG stock and an ETF that features renewables. Psyched for tomorrow.

Exactly, MP just needs to "fine tune" his portfolio.

dont worry about me Wingo...my portfolio is

[Capn'O]

They did say wallstreet is loving this assuming the republicans can keep the senate. They will have a president that wont recklessly tweet that will make the stock market less volatile but then they won't have to worry about large corporate taxes being passed. It's like there dream scenario.

And renewables will get the biggest pop, as they already have, as a big support plan is in the works.

I have PLUG stock and an ETF that features renewables. Psyched for tomorrow.

I have no issues with investing in renewables. Companies can't survive without that approach nowadays. Just for perspective I have worked in CPG finance my whole working life. Consumers care about ingrediants and sustainable development goals (whether that is biodegradable cartons and cases). I don't think you would be able to survive in this competitive capatilistic CPG market without it.

I have a ton of experience in this field and its not all about price price price anymore. You have many different type of consumers that care not only what they are putting into there body/pets bodies but how it is effecting the environement as well.

The way I see it, renewables are ultimately gonna take over the energy market. There's really no other way for it to go but it's a matter of when. That's the scope of growth; the entire energy market.

I've been burned investing in them for awhile until this year because the market didn't see profitability. It was a horizon slightly further than their view. Now that's started to change as many companies (particularly Tesla, which has been a huge indicator) are in the black more regularly. Baking in Biden's proposed investments I've seen a bit of a windfall, which I expect to continue at a least a little longer until a correction comes. There were some bad players in the renewables market for awhile as well but I think we're starting to see the wheat separated.

[Pointgod]

More bad news for Trump

Read on Twitter

[mpharris36]

And renewables will get the biggest pop, as they already have, as a big support plan is in the works.

I have PLUG stock and an ETF that features renewables. Psyched for tomorrow.

I have no issues with investing in renewables. Companies can't survive without that approach nowadays. Just for perspective I have worked in CPG finance my whole working life. Consumers care about ingrediants and sustainable development goals (whether that is biodegradable cartons and cases). I don't think you would be able to survive in this competitive capatilistic CPG market without it.

I have a ton of experience in this field and its not all about price price price anymore. You have many different type of consumers that care not only what they are putting into there body/pets bodies but how it is effecting the environement as well.

The way I see it, renewables are ultimately gonna take over the energy market. There's really no other way for it to go but it's a matter of when. That's the scope of growth; the entire energy market.

I've been burned investing in them for awhile until this year because the market didn't see profitability. It was a horizon slightly further than their view. Now that's started to change as many companies (particularly Tesla, which has been a huge indicator) are in the black more regularly. Baking in Biden's proposed investments I've seen a bit of a windfall, which I expect to continue at a least a little longer until a correction comes. There were some bad players in the renewables market for awhile as well but I think we're starting to see the wheat separated.

evolution happens, we are a country filled with the many of the best and brightests. We learn to adapt and rely on different things as our situation and environment changes. Some might say we are slow turning the wheel on this one and they have every right to have there concerns but you also have to understand its threatening to a lot of people and there lively hoods and just simply say give we will give you 6 months and all those people can start coding is insulting...not only to computer engineers thinking there job is easy but insulting to people who may very well not want to sit behind a computer.

There is a balance behind everything and we are very adaptable when we need to be. If you look at the advancements we have made in just short periods of times I wouldn't be suprised if when our kids are adults a lot of things changes for the better just like our parents to us.

[Capn'O]

I have no issues with investing in renewables. Companies can't survive without that approach nowadays. Just for perspective I have worked in CPG finance my whole working life. Consumers care about ingrediants and sustainable development goals (whether that is biodegradable cartons and cases). I don't think you would be able to survive in this competitive capatilistic CPG market without it.

I have a ton of experience in this field and its not all about price price price anymore. You have many different type of consumers that care not only what they are putting into there body/pets bodies but how it is effecting the environement as well.

The way I see it, renewables are ultimately gonna take over the energy market. There's really no other way for it to go but it's a matter of when. That's the scope of growth; the entire energy market.

I've been burned investing in them for awhile until this year because the market didn't see profitability. It was a horizon slightly further than their view. Now that's started to change as many companies (particularly Tesla, which has been a huge indicator) are in the black more regularly. Baking in Biden's proposed investments I've seen a bit of a windfall, which I expect to continue at a least a little longer until a correction comes. There were some bad players in the renewables market for awhile as well but I think we're starting to see the wheat separated.

evolution happens, we are a country filled with the many of the best and brightests. We learn to adapt and rely on different things as our situation and environment changes. Some might say we are slow turning the wheel on this one and they have every right to have there concerns but you also have to understand its threatening to a lot of people and there lively hoods and just simply say give we will give you 6 months and all those people can start coding is insulting...not only to computer engineers thinking there job is easy but insulting to people who may very well not want to sit behind a computer.

There is a balance behind everything and we are very adaptable when we need to be. If you look at the advancements we have made in just short periods of times I wouldn't be suprised if when our kids are adults a lot of things changes for the better just like our parents to us.

I feel like there's an overall economic subtext to a conversation that you're having with Wingo that I'm missing.

I'm mostly taking a break from the regularly scheduled program and agreeing that from a purely financial standpoint that the Biden/hung Senate combo is going to be viewed very positively by the market. I'm also crowing that I'm probably going to make a good amount of money tomorrow.

[aq_ua]

Yes, it helps Wall Street but doesn't help Main Street. McConnell won't let Democrat bills even get a floor vote. America has fallen too far in love with the almighty stock market both for purposes of income and as the barometer of the economic state of our country. But, just like the price of gasoline, it really isn't.

We have too many programs that need being funded in order to allow large corporations continue to get tax breaks and subsidies on top of an already-low tax rate. Btw, there are never enough tax cuts for the corps and the top 1% because greed knows no boundaries. Rich people will even tell you that. Oil companies have already come out publicly saying "We don't need the oil subsidies and we already told these guys (i.e. republicans) but they keep giving them to us!"

to be fair though the economy was doing well regardless of if you were on the Trump inherited it camp or beleive he was helping it pre-pandamic. So the theory would be if Biden does his job (which he says he will) in controlling the pandemic then we shuold get back to a strong economy again. Without major policy changes.

I was just pointing out that the markets probably like the consistency of Biden because there is no doubt Trump was a serious loose canoon. Which was reflected when Biden started to take a firm lead in winning the presidency.

This economy - until the pandemic - was just a continuation of the economic turnaround which resulted from the '08 stimulus plan. Look at the graphs. Trump signed his tax cuts into law but cuts to the middle class were only temporary while the tax cuts to the corporations went directed into stock buybacks as opposed to it "trickling down" to their employees so that they could use it to spend money on consumer goods which, in turn, then drives the economy. Most regular people don't have the extra dough on hand to play the stock market anyhow.

It's a fascinating look into how people of all political spectrums can look at at a world with historically low interest rates and historically high central bank liquidity, even before the pandemic, and see economic strength as the outcome. A strong economy shouldn't really need all these inputs to sustain. It strikes me that so many people only remember a post-GFC world that a non-recessionary environment is now considered a healthy one.

[SelbyCobra]

They did say wallstreet is loving this assuming the republicans can keep the senate. They will have a president that wont recklessly tweet that will make the stock market less volatile but then they won't have to worry about large corporate taxes being passed. It's like there dream scenario.

And renewables will get the biggest pop, as they already have, as a big support plan is in the works.

I have PLUG stock and an ETF that features renewables. Psyched for tomorrow.

I have no issues with investing in renewables. Companies can't survive without that approach nowadays. Just for perspective I have worked in CPG finance my whole working life. Consumers care about ingrediants and sustainable development goals (whether that is biodegradable cartons and cases). I don't think you would be able to survive in this competitive capatilistic CPG market without it.

I have a ton of experience in this field and its not all about price price price anymore. You have many different type of consumers that care not only what they are putting into there body/pets bodies but how it is effecting the environement as well.

WTF, you have a job? Like, a JOB job?

[stuporman]

Food for thought...

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Maybe things aren't as simple as they seem?

I keep saying the polls have to be questioned from here on out. Yea, not all progressive stuff is evil as some say, not all of it is super popular as some think either.[/quote

Name one progressive policy that is 'evil'.....