You Could Double Your Money (at Least) 10 Times Between Now and Just After the Election
September 28, 2020 at 05:00 AM EDT
As we've talked about before, the stock market can act as sort of a crystal ball for an impending U.S. presidential election. I've done it, lots of independent analysts have done it, and you can see for yourself, too; we look at the three months leading up to an election to try and see if the incumbent resident at 1600 Pennsylvania Avenue NW will stay put, or be sent packing. This analysis has shown that the S&P 500 can correctly answer that question 86.4% of the time - not bad. Of course, these days, the markets are obviously undergoing a correction of some kind. After a dynamite August, the big indexes - the Nasdaq, S&P 500, and the Dow - are down 10.7%, 9%, and 7.7% respectively, from their Sept. 2 intraday highs. Normally, that might get an incumbent president in the mood to look for movers. But this bearish trend isn't necessarily decisive because, if we know anything to be true, this is a year and an election unlike any other. So the S&P 500's uncanny predictive powers might be a little weaker this year. I think, regardless of who the frontrunner or ultimate winner is, it's likely we'll see more downside between now and then. This is a fantastic opportunity for anyone who trades (and if you never have, you can certainly start now). That's because, for us, extraordinary times mean extraordinary profit potential. This is real once-in-a-lifetime stuff... Full Story The post You Could Double Your Money (at Least) 10 Times Between Now and Just After the Election appeared first on Money Morning - We Make Investing Profitable . This is real once-in-a-lifetime stuff... Tags: trading strategies To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.