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imperator285 t1_iu5fna4 wrote

Reply to comment by notausername86 in This current rally is WHOLLY dependent on a single man's speech next Wednesday by agilmore1080

End of nov/early dec sounds about right since anyone with gains for the year (and even people with net losses) are going to begin tax loss Harvesting

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notausername86 t1_iu5hian wrote

Yea that is part of my reasoning in my thought process. I also think late nov/ early Dec b/c depending on the outcome of the elections, there will be a couple weeks of sideways trading, or potentially a rally so whom ever wins can go "see, the economy is great now!" Before it just tanks. Also earnings have been lack luster and I doubt the earnings in Nov are gonna be much better

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agilmore1080 OP t1_iu5rs1i wrote

If the GOP wins congress they'll probably start threatening the debt ceiling as well. That's always good for a significant market drop in a normal economy. God only knows what kind of effect that'll have in this one.

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