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Will the SPX take out the March 23rd low before the Nov. election?

Discussion in 'Stock Market Polls' started by bigbear0083, May 13, 2020.

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Will the SPX take out the March 23rd low before the U.S. Presidential election?

Poll closed May 20, 2020.
  1. Yes.

    33.3%
  2. No.

    66.7%
  1. bigbear0083

    bigbear0083 Content Manager
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    Whelp, seeing as the market has been coming off pretty aggressively this week, I thought it begged the question of it the lows that we had set back on the 23rd of March for the major indices will get tested, and possibly even taken out before the November election (provided that there will even be an election this year).

    What say you Stockaholics?

    Don't forget to click in your vote at the top of this thread, and also post your vote to this thread.

    This poll will close in 1 week from now. :D

    Here is where the SPX currently sits as of 5/13-

    [​IMG]
     
  2. StockJock-e

    StockJock-e Brew Master
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    Ill say yes just because it seems like the most unlikely outcome. :D
     
  3. Vdubman

    Vdubman Active Member

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    15-16k. Trump is going to lose the election over this pandemic debacle.
     
  4. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    My guess is No because of the FED :p
     
  5. rStock

    rStock Well-Known Member

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    No ... we need to move on lol
     
  6. Husker

    Husker New Member

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    No and when Trump wins by a landslide it will skyrocket
     
  7. T0rm3nted

    T0rm3nted Moderator
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    I don’t think so. Not because the economy is good, but because it’s artificially propped up.
     
    bigbear0083 likes this.
  8. hitman

    hitman Active Member

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  9. bigbear0083

    bigbear0083 Content Manager
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    ^ this is my rationale for thinking no as well, and also it being an election year. i feel like if the market were to crater back down towards those bear lows again would be no bueno for trump's reelection bid. not that the market should actually dictate election results, but then i'm thinking of 2008. don't think we'll see that. but who knows, with CB's here and abroad intervening in the markets so much, it's really hard to see another repeat of this march happening again. for now bad news continues to be treated as good news, and BTFD is back on like the good 'ole days lol.
     
    T0rm3nted likes this.
  10. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    I voted no.
    There's 2 markets at play right now: loosely the technology stocks in one corner, and other stocks like airlines in the other.
    The strong half of the market, it's unlikely we'll get those low prices again. I'm still looking for a pullback, but it'll be lucky to get that cheap again.
    And the weak half of the market, is currently so beaten down that it can't go down again imo. You rarely see S3 on the yearly pivots (GPRO never below yearly S2, GME never reached yearly S3 and this year hasn't even reached S1 yet), but the airlines and Wells Fargo are there.
     
    T0rm3nted likes this.
  11. The Brontide

    The Brontide New Member

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    The S&P represents a lot of companies that after March, will not be making the requisite profit or capitalization marks to remain listed.

    I voted Yes, Q2, Q3, but certainly by November.

    (the question shouldn't have said "election" as that may be delayed or deferred to another time)
     

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