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deleted 8 points ago +8 / -0
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800080 7 points ago +7 / -0

Nothingburger.

There is nothing in the story showing Biden is better than Trump.

If you download the story, loaded into an editor and replace Biden with Trump and Republican for Democrat the story wouldn't change.

Saying that's what the writer did without proof could be slanderous or libelous so I won't.

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qawsedrftg 7 points ago +7 / -0

The stock market is disproportionately affected by international tech giants. The 5 companies Apple, Microsoft, Alphabet (Google), Facebook, and Amazon together represent 1/4 of the entire S&P 500. Trump's policies favor US-based and smaller businesses, not the ones with strangeholds on certain markets.

Counterintuitive to most people is the reality at the billionaires love progressive policies because more taxes and regulations stomp out new competition and entrenches the established winners. You make more money paying more taxes with no competition than you do with lower taxes but real competition.

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deleted 5 points ago +5 / -0
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FreeNow 4 points ago +4 / -0

They know Joe can be bought. Trump also screwed the big banks that were putting out big corp loans for companies to save on their taxes (you can actually save money on your corp taxes by taking on debt and writing off the interest, Trump limited that)

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MadLordPunt 4 points ago +4 / -0

The problem with Wall Street is that they want a president they can get in bed with who will protect them. Obama/Biden did not prosecute ONE SINGLE banker after the financial crisis in 2008/2009. In fact, the wikileaks emails showed us that CitiGroup picked Obama's cabinet in October of 2008, and after he won he picked cabinet members based on their suggestions almost person for person.

Biden has proven time and again that he will always have the backs of the big banks, and pushed legislation that was favorable to all the credit card companies based in his home state of Delaware.

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deleted 4 points ago +4 / -0
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BillPigg 3 points ago +3 / -0

First of the month retirement funds, by law, have to keep 90% invested and only 10% max in cash. Portfolios get re-arranged for prospectuses this time of year to sell investors on mutual funds. Also, there are tax implications that require exiting positions. So, lots of things other than politics. Wall street doesn't care who is president - they live in their own world.

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CovfefeNegro 2 points ago +2 / -0

The players in Wall Street make money when the market moves, either direction. They do not care if the investors make money, just their counting houses and investment companies.

They want Joe because Joe is one of the guys who has helped them put in and keep the Fix in all those decades. Government regs and loopholes and contracts and deals and kickbacks and no honest investigations or taxing authorities or blind Justice, just friendly government corruptocrats with their hands out.

Those guys do not want a fair and open market, they don't want honest taxing authorities and oversight, they like things as they have been.

They may not 'really' want or like Joe but they absolutely hate Trump because he represents an accounting, he represents fair markets and a level playing field, they see their billions disappearing.

https://kekpe.pe/i/5fa1b48d6f3ed.png