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agilmore1080 OP t1_iu6trxd wrote

Reply to comment by CoolFirefighter930 in This current rally is WHOLLY dependent on a single man's speech next Wednesday by agilmore1080

No offense, but there is no way this rally is dependent on a "red wave" with a Democrat in the White House. It's not like they are going to pick up a veto proof majority in the Senate. If anything, good chance Republicans start threatening the debt ceiling as soon as they win. That tanks the market in a stable economy. Can't even imagine what that would do here.

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CoolFirefighter930 t1_iu6v5tv wrote

Well just visited brokerage about 6 weeks ago and this was his take on things. He said Biden was pressing the gas while the fed was pushing the breakes,that's what was causing the problems in the market. If a red majority win the house and senate it will stop excessive spending " Taking the foot off the Gas" I was thinking about what he said about two weeks ago and just went all in and so far so good. I will hold through the midterms and then either hold or sell and hold cash. Not advise.

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agilmore1080 OP t1_iu74rl2 wrote

If that were true this would be a national issue. But it's not, it's a global issue. Is Biden causing inflation in Europe? Australia? The United Kingdom? Turkey? South America? Japan? This is about a half dozen global issues converging at once.

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CoolFirefighter930 t1_iu76b3f wrote

The only answer I can give on that is the world run on oil , it doesn't matter how badly all these places want to go green and stop producing oil they can't and this is what they are learning the hard way right now and yes when you print a ton of money it creates inflation . So yes the world follows US in alot of cases especially being that oil uses the US dollar . If we added all the things that changed when Biden took a hard line on oil along with so many others we would see a big difference.

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