Expect some institutional investors to panic sell, locking in profits at a lower tax rate. If Trump wins, we could see a surge to 3800.
Comment:
I find the Biden dip unlikely, actually. The market knows everything, and I believe the recent surge in small caps and green tech is DUE to the fact that Biden is going to win. I think the market knows the cap gains tax increase and corporate tax increase are unlikely to happen RIGHT AWAY due to our being in a recession.
Comment:
TAX INCREASES ON CORPORATE EARNINGS, INCOME, AND CAPITAL GAINS ARE OFF THE TABLE GIVEN THAT THE SENATE IS NOT DEMOCRATIC!!! MASSIVE UNWINDING OF SHORT HEDGES ARE DRIVING THIS RALLY, EXCEPT A MELT-UP AND MASSIVE DECEMBER RALLY!