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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsLast minute scare tactics to sway the run-off
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 Washingtons Capitol Hill have enough checks and balances in place to keep political power out of just one partys 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
(10,074 posts)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.
sfstaxprep
(9,998 posts)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
(26,505 posts)In our experience the markets prefer that Washingtons Capitol Hill have enough checks and balances in place to keep political power out of just one partys hands,
Yeah, 'cause I'm sure Capt. Dickbag over here felt the same way 3 years ago.
Make7
(8,543 posts)BigmanPigman
(51,632 posts)Use the money to pay for all the losses due to Covid. They got even richer off of Covid to begin with.
RockRaven
(15,012 posts)"challenging the EC" bullshit.
So which is it, hmm???
Response to choie (Original post)
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