Wild swings in the stock markets

Captain Rhett Butler

Captain Rhett Butler

Driving Instructor
My guy is telling me because of the uncertainty in which way the elections will play out as well as setbacks from the stimulus talks and the whole corona virus outlook, to expect some wild swings in the stock markets. There may be a downturn in the spring regardless of who wins. They fat cats on the street think the housing prices may trend downwards in the Spring due to increased foreclosures, but most are betting on a Biden victory.

We'll see how this all plays out, but I'm down a few percentage points today...
 
I’m slowly recovering but still down quite a bit, mostly because two of mine filed Chapt 11. I’m no expert but my gut says tech and real estate is overdue for a reversal. Of course those are the two most active now so that creates a conflict.
 
I spoke with my banker today and lots of uncertainly there too. Lots of people pulling cash out. But he did say that if Biden wins, it will be very bad for the economy.
 
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