STOCK MARKET WATCH -- Wednesday, 4 November 2020

[Tansy_Gold]

STOCK MARKET WATCH, Wednesday, 4 November 2020

Previous SMW:
SMW for 3 November 2020




AT THE CLOSING BELL ON 3 November 2020


Dow Jones 27,480.03 +554.98 (2.06%)
S&P 500 3,369.16 +58.92 (1.78%)
Nasdaq 11,160.57 +202.96 (1.85%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:











Gold & Silver:






Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[PoindexterOglethorpe]

1. I rather expect it to zoom upward tomorrow.

[Warpy]

2. Maybe, maybe not

I think people are going to be cautious until the final tally is known, which won't be for a couple of weeks, at least. Dumdum's lawsuits will be tossed, but they will likely delay that even more.

Tje question is what institutional investors will do. Individual soreheads will take all their marbles and stomp home, but that will be a blip. If Dumdum gets back in (horrors!) they will be counting the Social Security money they aint got yet and sending the market sharply higher. If Biden is elected, they'll be counting more bailout money they aint got yet and the market might go a little higher.

The long term forecast for either of them isn't great. There are just too many debt bubbles that are ready to pop.