Stock Market going Crazy - why?

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The stock market and many stocks are wild right now. We have no clue how the presidential election will finish. All we know is the stock market was up huge today.

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Well, howdy there, guys, and welcome in to today’s video. So we got to talk about the stock market. It’s absolutely crazy. We got to talk about this election drama, everything that’s going on with that. By the way, if you’re wondering why I’m doing this video, and I’m not too hyped out, I’ve been running a fever last couple of days.

So, you know, I told you guys about that in the video last night at post on financial education too. And so yeah, I have no other symptoms. It’s really weird. Like, I know, a lot of people are like, do the Roni or something.

I have literally no other symptoms other than I’ve been running a fever last couple days. So I don’t know what’s going on with that, you know, hopefully I can get better in the next couple of days.

But yeah, I don’t really have the energy to put out a full scale. You know, regular video like I usually do, I just don’t have that energy, to be honest with this whole fever thing and stuff. So, but I still want to talk about this market.

I want to talk about this election. I want to talk about all this drama. Because this is this is pretty crazy guy. So that was up 367 points. The s&p 500 was up to 2.2% main thing was NASDAQ was up almost 4% today.

That’s a massive move. Like it’s very rare. You see the NASDAQ up almost 4% in a day. Okay. That was a massive move there. And so just seeing the market up massive specifically in NASDAQ was was quite surprising.

And mainly because futures were up big and at when futures market was was going we thought a certain candidate was gonna win. And then as today’s progress, it’s looking more and more like another candidates going to potentially win. And yet despite all that, the markets up massive specifically NASDAQ very interesting.

Also very interesting. Look at the Russell 2000. I mean, it was the it was it was up but it was barely up point 05 percent. So the Russell 2000. A lot of this more smaller companies clearly didn’t perform very well today, especially if you compare it against the NASDAQ, which was up 3.85%.

I mean, usually if you’re investing in some of those smaller companies, you’re investing in them because you hope for them to have better upside. And yet the big tech guys the easy stocks, right?

And we’re the ones that were all up huge today. Look at VIX today, down 17%. So it just means like volatility, negative feelings around the market and things like that, like just massive day down for the VIX today.

Okay. So we’re going to talk about all this the market, you know, individual stocks, we’re talking about the election, all sorts of things in this video. So, by the way, if you haven’t gotten a chance to get in Stockholm, go ahead and do it. We got shoot almost 3000 people online right now.

And then if you want to apply for the private group that’s linked in the description. I think that’s the first link. And as always, if you guys don’t mind smash that thumbs up. I do appreciate it, man. Alright guys, so let’s start getting to that.

So first off, big tech, look at these stocks today. I mean, we’re talking about, you know, how much money has to come into these type of stocks to move them this big k we’re talking about these are all like trillion dollar market caps.

Okay. Amazon was up over 6%. Today, Microsoft was up almost 5%. Today, Google McDougal up 6%. Today, Snapple up over 4% today, okay. Those are massive moves. I mean, absolutely massive moves, you’re talking about 10s of billions of dollars likely have to come into these types of stocks to move them upward like this.

There was clear, massive buying of big tech today. In that is just, I mean, it’d be quite frank, it’s pretty dang surprising. And it makes stock market investing look pretty easy, like, buy the big dog just by Amazon, by Apple, by Microsoft, by Google McDougal and make a lot of money.

You know what I mean? Like that’s all I think about when I think when I see all these big tech giants up a bunch more here today. that’s those are big moves. And that’s why the NASDAQ was almost you know, what was it almost 4% today. So huge moves there. We saw Facebook make a massive move up here today.

I mean, look at that stock was up over 8% in the public count we were up over 8000 on our Facebook position today. So that one was the best of the bunch. It outperformed everything we saw Amazon up six Microsoft up about five Apple up for Google McDougal up six and there you know, FB was up over 8% just a massive move.

So congrats to all Facebook shareholders on daily today. Well anybody that holds really anything big tech wise you did really really well. And it’s interesting right? It’s very interesting that big tech so strong today okay. Tesla doing whatever it wants to do.

The same test on the past where Tesla stock goes up massively on down days and yet today, NASDAQ’s up almost 4% Tesla decides to go down.

test will be in Tesla so it just want to finish before 20 What can we say? It’s just it’s just want to finish out at 420. So interesting that Tesla did not share in the gains but like I said this is Tesla being Tesla dramatic. So a couple other situations that were interesting today, the plane in it. So if you guys.

I don’t know how much you guys pay attention to this, but several states legalized last night. So it was on the ballot and a lot of different states and a lot of states it is legal now. And so that just increases the opportunity for planet to expand to more locations over time, and gives them more prospects out there.

Because and that’s not even the biggest part like that that’s great that more states are legalizing and it gives more potential for plant to look at other expansion opportunities in other states. But at the end of the day, the biggest reason I think this is huge is once we get to a place where we have far more states where it’s completely legal, I’m talking 100%. I feel like once we reach the critical mass.

I feel like it’s going to go through federal, I think the federal process will be legalized. And that’s massive for the planet, specifically, because right now they can’t ship their branded products over state lines right now.

Now, when things are fully legalized, they will be allowed to make the product in Nevada here or wherever they have warehouses, distribution, things like that, and ship all over the place right now, for the most part, if you you have a location here, you have to just stay within your state lines. Okay.

So if you’re thinking about long term opportunity with this company, which obviously always thinking about that with that one, you know what, most stocks, but specifically this one? You know, this is really, really good news. So I was surprised that it was only up, you know, it underperformed the market today. Let’s just put it that way. I’m sure some people might have baked that in.

Or also, I think, also, you know, it’s one of those stocks, it’s still a smaller market cap, it’s only about $500 million. So I don’t think it’s a stock that a lot of Wall Street’s looking at yet. I think if it was already a multi billion dollar mark cap or something, I think a lot of hedge fund managers would have been buying the stock here today.

But a lot of these fund managers, they can’t really buy a stock like planet. It’s just too small for them to buy a stock like the planet. So yeah, so I mean, that was really good news. It’s just really you know, if for them in their space, like you’d need to see more and more states legalize. So then we had the very company down today.

And that’s just not right. Like, I just don’t think that stock should ever go down ever should never have a down day. I’m thinking about potentially, you know, seeing what I can do legally there. Because that stocks just not be allowed to ever go down. It’s just just rough.

Just kidding. Uber look at Uber today. So they got some good news. And look at the Uber, maybe Uber oh my gosh, Uber Uber, up 14 and a half percent. Congrats, all Uber shareholders. I got out of that one took my profit A while back.

But I know a lot of people are still in that one and congrats to all you guys that are still in Uber Uber stock, because that’s a really nice game today. I mean, if you’ve got 100,000, and that’s talk us made 14,000 plus dollars today, like, what a day. So congrats to bearshare shareholders, you know, I think getting all this drama past them.

I think things might still be challenged in a court of law around, you know, they’re workers and independent contractors and making them employees and things like that. So don’t expect this to completely end. But I will say things are looking much better for them than they were in the past. So that’s really good news for Uber.

And the main other thing that’s obviously hurting Uber right now, it’s just the fact that still a lot of people aren’t traveling around. A lot of people still are not going to work in terms of a physical location, going to school and things like that. And so that’s all still things that obviously very negatively affect Uber in the short term.

So but yeah, congrats to, you know, all the shareholders out there. So election drama. I mean, my goodness, guys, you know, this is dramatic. Okay. I had to make sure I took screenshots of Fox News and CNN. So I got both the publications in here.

First off, what I think is really interesting in my face is blocking it there. But Fox News has, by them actually up even more than Trump because Fox News already cold Arizona, for Biden, it’s very possible that Arizona will close Biden, but it’s not for sure yet. So cnn hasn’t called it yet. has just thought that was interesting.

If anything, you would have thought cnn would have called the state earlier than Fox News, obviously. Because I mean, anybody that knows anything about those channels knows exactly what I’m talking about.

But yeah, I think that’s I think it’s really interesting. But this is a this is pretty much gonna come down to, I feel like it’s going to come down in Nevada to a certain extent. You know, I really thought Biden was gonna win, Pennsylvania.

Now, I’m not so sure. I think there might be a higher probability Biden loses Pennsylvania Then wins Pennsylvania and originally I really thought he was gonna win that one.

So if if Arizona does, you know, officially close out designs at 264. And then excuse me, if he closed on Nevada he wins. So but Nevada is really tight, like really tight and I think Nevada we’re gonna find out within the next I want to say 48 hours or so who actually wins Nevada.

So I mean, that’s it’s it’s a really tight race guys, that’s all I have to say about this it is really, really tight. It was look, you know, going into this obviously I thought Biden was gonna win and win on record.

I said, I thought, you know, if I was if I had to place a, you know, a bet one way or another, I thought Biden was gonna win. And then as of last night I was looking at I was like, I might have to shave my head.

Remember, I made the whole thing about I’m going to shave my head if if I’m wrong, and Trump wins, right? And so last night, I was like, shoot, man, let me let me get the let me get the Clippers ready, man.

We have to shave. And so now today, I would say it’s a 5050. I mean, it’s like a coin flip. I don’t know, you know, who’s going to pull this out? But it’s it’s really dang close. Like I said, I thought it was gonna be Biden. Then last night.

It was looking more like Trump now. Oh, I mean, it’s it’s difficult. Georgia, North Carolina should close out for Trump. I you know, it’s possible Biden could still pull this out. I think it’s unlikely. So it looks like Georgia, North Carolina will close Trump.

But Trump would still need you know, basically the other two Pennsylvania in Nevada to win the election overall. So, you know, this is just a dramatic situation.

I you know, I don’t know what what’s going to happen here. As far as one I don’t know who’s gonna win. It’s right now, it’s literally just a coin flip. Because Nevada, so dang close. Pennsylvania.

You know, it’s crazy, obviously. But it’s a coin flip right now, but not just that we don’t know what’s going to happen around is election going to try to be contested, go through the courts. There’s so much drama there.

So, you know, I don’t know, when we’re gonna for sure know, who wins the election? It’s possible within the next day or two. It’s possible, we have to wait weeks, you know, or month, you know, I don’t know what’s gonna, I don’t know what you can contest in this whole situation if you’re trying to go to court of law. But, um, it’s it’s not a pretty situation, that’s all I got to say, as far as the whole drama in it, you know, it’s, it’s nice to just have an election and just be like, overwhelmed without all the drama.

And I mean, a lot of people are really just burnt out with this, to be quite frank, a lot of people just want this to be over and know which route we’re going at the end of the day. And so, you know, hopefully we get some sort of closure somewhat soon on this because like I said.

I just know a lot of people just like, you know, with the whole election process, the commercials, the debates, the attacks, you know, it’s just a lot of people are burnt out, man. And, you know, I’m hoping for all my fellow Americans, they get some closure on whoever wins, hopefully soon.

So, and, you know, this is where the stock market comes up in this situation, because, obviously, the market was up massively today. And this is this is super surprising. Because once Trump took the lead yesterday, and it was looking at starting to look really good for Trump, future started booming.

NASDAQ was up like two and a half 3% everything was looking really, really good. As far as futures went, once Trump, you know, started looking good in the election. And then all of a sudden, next thing, you know, obviously today, I don’t want to say it’s looking like Biden’s gonna win, but it’s looking closer, like Biden might win.

And yet the market was still up huge. So it makes me think, are these traders investors Wall Street just playing around with stocks? Do they not even really care who wins? Because it was looking like Trump was gonna win futures up huge, now it’s looking probably a little more like Biden’s gonna win in future in the market was up huge today.

Like, this is why I talked about things are so unpredictable in the stock market, if you’re trying to gauge whether the stock market is going to go up or down, or things like that, in the short term is so dang unpredictable, because we have to alternate situations and yet market went up regardless. You know, just very, very strange.

But that’s the stock market for you. And a lot of times people want a reason every day why the stock market was up or down, things like that. And to be quite frank, a lot of times, it just isn’t a reason. And you know, I always watch CNBC in the past.

And, you know, it’s always funny, they’ll try to, you know, basically make for some reason around why the stock market was up today or down today. And I can understand because if you got to talk about stock market every day and for hours and hours, you know, and you got a news channel, right?

You haven’t, people are expecting you to give a reason to why the market was up or down that day. Well, to be quite frank, the majority of days in the stock market, the stock market’s up or down for literally no reason, like literally no reason.

I don’t know what else to tell you. Other than that, there are some days where something big does happen out of nowhere. And it does affect the stock market very negatively or positively.

That is not most days. That is very few and far between. And that’s just the honest truth with that. Okay. So, stock market craziness, just absolute craziness, okay. And with all the drama, you wouldn’t, you would have thought today might have been down with all this drama.

As for me, I didn’t do any buys, or any moves today didn’t do any buys or sells, I have cash fully ready. If the market dips in any major way, falls a bunch, I will gladly be a buyer.

I’m 100% ready to buy if we get any type of deals out there. So But yeah, I didn’t make any moves, you know, specifically today in any of my accounts. And last thing I’ll say is count the votes, man, whoever wins this election wins this election, whether it’s Trump, whether it’s Biden, like, I just want to see somebody win this dang thing.

There was huge voter turnout. You know, people can say whatever they want about Trump, bad, good, whatever. But the fact is, Trump got massive amounts of people to come out to the polls, and to vote. And I think that’s huge.

I really do. So, you know, whether Trump wins this election or lose this election, I think part of his legacy should be that he got massive voter turnout, because there’s no doubt about it, because people are either really, really excited to give him another four years, or really, really excited to get him out of office.

So I mean, the voter turnout was epic this year in, in a Rooney, Rona, a once in 100 year health event that you would think like, naturally, like voting would be down, right. And the voter turnout this year’s epic, epic, okay.

And so the one thing I want to see is I want to see all the votes counted at the end of the day, like I said, Whoever wins, wins, but I don’t want the people you know, to feel like, in the future for elections, like their vote might not be counted, like, a candidate could just say, stop counting the votes and like, the votes won’t be counted.

Because I think we finally have people to care about this stuff a little bit, let’s just put it that way. And to all of a sudden, you know, potentially turn off people and say, you know, we’re not going to count your votes or something like that, that would be a really bad thing.

And there’s, I don’t even want people like, thinking for a second, like, Oh, my vote doesn’t count. Like, if I vote like, they probably not even gonna count it or something like that. Just if people are going to have that, partly in their mental. It’s just bad.

And Imagine all the people that can’t vote yet because they’re too young. You know, if they see just a bunch of votes not counted, essentially, there’s gonna be like, oh, wow, why am I gonna ever cared about like, my vote, what’s not gonna be counted anyways, so count the votes, whoever wins, wins, the world’s watching, you know, the world’s watching this election.

I could tell you like in stock hub, I have the election 2020 chat. It’s been crazy. Last couple days, I just have it going for this weekend there just because I want everybody you know, have a place to be able to chat about, you know, this whole election and whatnot.

And I can tell you, probably half the people that are chatting in there are not even Americans. They’re not even Americans. And they’re all watching this election, they’re all super interested, the whole world’s watching this.

And in a lot of places in the world, they don’t even have democracy, you know what I mean? Like they don’t even really have elections, or you know, some of these plays are run by dictators who can just shut off the votes whenever they want or, or if the vote doesn’t go their way.

They just eliminate the other person or whatever. And so I feel like you know, here in the USA, we kind of got to be the leader, when it comes to just an election and making sure everybody’s votes counted, and whoever wins the election wins election and the other side just has to deal with it. If Trump wins,

Democrats just have to deal with it. If Biden wins republicans just have to deal with it it is what it is we will make it through regardless of whoever wins and that’s just the bottom line on that so But anyways, hope you guys enjoyed this as always, don’t forget to check out stock cup go ahead and do it.

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