I watched the debate between Trump and Biden this morning… I must say that I hope Biden wins now. He wasn’t as slow as I thought he would be, and he just behaved a lot more respectfully. The way Trump was would have gotten him kicked out of any secondary school debate.
Initially I was for Trump because I felt the media was very unfair to him, and he was a positive for my stocks. I was appalled by figures such as Bernie Sanders and Elizabeth Warren, who would have ruined the country with their policies (not to mention my US tech stocks). Luckily Biden won the democratic primary, and while he will raise taxes, I think my holdings can take it.
The last few months have been absolutely disgraceful. 200,000 dead, no new stimulus, no vaccine, nothing. The way the US govt handled the pandemic was a disaster. Literally anyone else would be better as president.
These next few months will be wild one for the markets. The uncertainty will also last long after Nov 3. Buckle up, buckaroo.
But I think 2021 will be a good year for the markets. Can’t be much worse than 2020 right? A lot of uncertainty would be removed, vaccine should be out, and low interest rates will continue to be low. There is a lot of repressed liquidity, so once the election is settled, most would be buying back in.
Another primary worry was that the previous 10 year bull market was getting low in the tooth. That ended quickly and decisively, and I’m learning towards it being another great decade for stocks.