It is a fluid situation and I do agree with your comments. I am downgrading my 'not likely' to a 'could go either way'. The main point is GOP losing the Senate will carry with it a significant correction in my view and I'm watching it closely. Will it kill the Bull, no. But it will slow him down a bit and I want to catch that dip if possible. This will be an unusual run-off and I'm not looking forward to all the ads I'm going to have to deal with here in GA.tspwizard1 wrote:VAmanBulls wrote:The only possible derailments I see are Republicans losing the Senate (not likely)..
I don't know why you're so confident GOP holds the Senate. Millions of dollars will flow into Georgia for those two Senate seats. Once word gets out on the importance of those seats to Biden's agenda blue voters will show up in record numbers for the win. Stacey Adams recent very close defeat has opened eyes, and set the stage for the win in January 2021. You'll see.
Just to add to this, a Biden win with Dem control of Senate and House gives a clear pass to move on the the corporate tax increase Biden said he will promote/support. This changes the forward PE multiple, currently 21.6X for the S&P. The market will adjust that tax increase with a forward PE multiple closer to the average of 16X for the S&P.
