Stocks jumped on Monday, with the Dow and S&P 500 hitting new all-time highs. The news comes as Pfizer announced a Covid-19 vaccine. Combined with the media’s projection of Joe Biden as the next President of the United States over the weekend, two of the largest uncertainties facing the market today appear to be nearing an end.
Just remember: Nothing moves in a straight line, and there will still be opportunities to profit from short-term drops as well. That was seen with the Nasdaq, where many work-from-home themed tech stocks soured on the latest news. A bigger market shift from tech to value may be starting.
Now here’s the rest of the news:
There has been different viewpoints from previous U.S. Presidents like George W. Bush (a former Texas oilman) to Barack Obama who took office campaigning on combating climate change and reducing oil dependency – to Donald Trump that “was in favor of the Canada Pipeline” to now, President Elect Joe Biden – that is thought to (again) focus on renewable energy and climate change.
What I conclude from all this: That a president just doesn’t have a lot of impact on oil markets. Or, if there is an impact, it takes years to materialize. Time will tell…
Gold currently at $1881.23, silver at $24.34
The way things are shaping up, the Biden economy appears likely to show uncanny similarities to the 2011-to 2016 Obama economy. The next U.S. administration will likely face a global debt crisis that could dwarf what the world experienced in 2008-2009. [I’m talking about “zombies.” These are companies that can’t afford their debt. They don’t earn enough profit to cover interest … let alone repay their debt when it comes due.] We are all like the walking dead … only kept alive by creditors willing to lend more money to pay off their debt as it comes due.
November 10, 2019
What is the real difference between a person who seeks pleasure and one which avoids pain? How can your conversation appeal to each person individuality? Having differences in teammates is inevitable. Why they join your team is as unique as their reality. What magically holds the team together? I believe it’s Integrity… (an honest understanding of their reality). I’ll try to explain:
If your friend answered, “I want to travel around the world and buy anything I want.” — You would share an opportunity to go to exciting destinations, meet successful people, eat at the finest restaurants, and shop to your friends’ heart delight.” Your ‘travel club’ food, fun & sun caters to your friend’s pleasure.
A different friend says, “I don’t want to suffer from poverty and constant worrying of where I will get the money to pay for the bills.” — This means they want to avoid pain, so you can craft your message by saying something like, “With the same twenty-four hours in the day, you’ll never have to experience seasonal layoffs, ‘down-time’, or the agony of stressful labor…” Developing your own part-time business could transform your life! Are you interested in knowing how?
To tailor your ‘sales-message’ is part art … part science.
Most importantly, we want, to honestly be of service! 🙂