Why has the stock market started down again after a dramatic bounce off of the late March lows? Of course I don’t really know. Yes, it might be natural profit taking after such a monumental increase ... or the recent fall off in the price of oil ... or the market could just be “over-bought”(a frequently self-justifying Wall Street term) ... or maybe fear of a Conid-19 resurgence? Or a combination of all of these?
But I have my own special reason — Biden has recently surged in the polls to a double digit lead. I think that the market views a Biden victory in November as economic suicide.
