Covid crash #2 started

bowlhead99

Alexland said:

bowlhead99 said:

Though with postal ballots to be counted it could take a while.

Especially with so many postal voters expected to change their vote in favour of Trump....

Heh, wouldn't be beyond the realms of possibility for the Team Trump mask-defying crowd to show up and vote in person to show the world they don't fear Covid and want to make America great again, and tell the exit pollers that they did that, while the postal voters simply mail in their ballot  from home and hope it doesn't get lost in the post. I can't see that leading to any swings between how it's reported on the ground and what the final tally is, so Trump won't have any reason to be suspicious of the outcome
 
Still, if anything is contested it's a good job they have a full strength nonpartisan Supreme Court again so that they can fairly assess what the real outcome ought to be.

[Deleted User]

Hello all, could someone please direct me to the savings and investment forum. I have arrived in an  American election/ political forum by error. Thanks

Albermarle

Thrugelmir said:

Probably some profit taking going on. There's been some sizable gains in certain stocks since earlier in the year. Also a reality check that recovery isn't baked in as many investors seem to to have assumed over the summer. Change of season changes the mood. 

I work in a partly seasonal business where supply and demand often fluctuates, and I have noticed over the years how often the mood turns down as soon as the clocks go back .

bowlhead99

thetimewill said:

Hello all, could someone please direct me to the savings and investment forum. I have arrived in an  American election/ political forum by error. Thanks

Yes we should quickly take the thread back to be about buying or selling our investment portfolios in response to covid-driven market news rather than politically-driven market news.

Biggus_Dickus

Is it anything to do with the Covid-19 ‘herd immunity’ theory being kyboshed? 

 

msallen

ProDave said:
...that fall in the funds is also going to steepen.

If you know that what are you waiting for.

bogleboogle

Europe at 5 month lows, FTSE at 6 month lows, US still strong, though at 1-2 month lows, Japan still very strong - second wave looks like it will be worse than expected (many thought cases might rise but deaths wouldn't...) and that's being priced in. 

If the US election fails to produce a clear result (only one week away now) that could cause another correction.

I took the opportunity to buy today but I'm also keeping some cash on the side for the coming weeks given the current volatility. 

Reg_Smeeton

I’m planning to make my annual subscription into my LISA next week, so I can accurately predict that stock markets will soar to an all time high just as my purchases settle, before sharply dropping 10-20% in a matter of weeks. It’s what normally seems to happen 

MaxiRobriguez

bogleboogle said:

I took the opportunity to buy today but I'm also keeping some cash on the side for the coming weeks given the current volatility. 

Same for me, but I've carried a fair whack of cash for a while and still do after today so wasn't much of a decisive statement for me. If I didn't have that dry powder I'd probably be selling some US equities and rotating into European (or cash depending on risk tolerance).

Sailtheworld

ProDave said:

FTSE100 (just as an example) now quickly falling, following a period of slowly falling.

Why didn't I follow my gut feeling a week ago and put my pension funds back into cash?  Probably too late now to miss all of the fall?

Don't you have any non-equity components in your pension that could be sold to fund gut feel purchases?