Last minute scare tactics to sway the run-off

[choie]

Investors will have their eyes peeled on the Georgia run-off elections on Tuesday to determine which party will control the Senate. A Democratic win of the two contested Senate seats could trigger a selloff in the markets, according to Oppenheimer strategist John Stoltzfus.

“Should the Democrats win both seats, we expect the S&P 500 to become vulnerable to a downdraft in the neighborhood of 6% to 10%,” wrote Stoltzfus in a note to investors.

“In our experience the markets prefer that Washington’s Capitol Hill have enough checks and balances in place to keep political power out of just one party’s hands,” he added.

The Democrats already control the House of Representatives. A Democratic Senate sweep “would bode ill for business with the likelihood that corporate tax rates could rise substantially,” added Stolzfus.

More bullshit at:

https://www.yahoo.com/finance/news/georgia-runoff-results-could-trigger-a-10-stock-market-selloff-151106040.html

[Bev54]

1. FFS the market already started to drop

and I doubt much of it has to do with the Georgia runoff and more to do with the failure of the covid vaccine roll out.

[elleng]

2. Right.

[sfstaxprep]

3. BULLSHIT!

They're perfectly Giddy when the repubs control all 3 branches. They know it means lots of Corporate & Wealthy Tax Cuts are on the way, and the average citizen is gonna get Screwed.

If the Democrats don't win BOTH GA races, it's going to be 2-4 years of obstruction, and the Democrats will have to BEG Turtle to give them some crumbs, like they have the past year in the Covid crisis.

I am really afraid that so much is riding on GA, that losing is not an option, if Biden is to stand a chance.

[Guy Whitey Corngood]

4. "In our experience the markets prefer that Washington's Capitol Hill have enough checks and balances

“In our experience the markets prefer that Washington’s Capitol Hill have enough checks and balances in place to keep political power out of just one party’s hands,”

Yeah, 'cause I'm sure Capt. Dickbag over here felt the same way 3 years ago.

[Make7]

7. The Dow went up 21% in the 12 months after election night 2016. ( n/t )

[BigmanPigman]

5. Raise taxes on the rich...

Use the money to pay for all the losses due to Covid. They got even richer off of Covid to begin with.

[RockRaven]

6. And yet hundreds of companies put out a statement urging Repukes to abandon this

"challenging the EC" bullshit.

So which is it, hmm???