"Great" vaccine news causes US stock markets to rise like crazy!

https://www.cnbc.com/2020/11/09/covid-vaccine-pfizer-drug-is-more-than-90percent-effective-in-preventing-infection.html

The US stock markets are rising like crazy after the "GREAT" vaccine news is released.

https://www.cnbc.com/2020/11/08/election-stock-market-futures-open-to-close-news.html

It is astonishing that the US vaccine news can cause such euphoric stock market movements in the US whilst China's vaccine is also very effective in preventing Covid but doesn't trigger the same stock effect.

https://www.globaltimes.cn/content/1206008.shtml

The US investors are jumping the gun too early because the scientists have not confirmed the longevity of the vaccination since the scientists need more time to compile and verify the data.

Our natural immunity could only last about 4 months.  If the US vaccine is only able to trigger our natural immunity against Covid, then the immunity period won't be too long too.

http://sg-stock.blogspot.com/2020/08/covid-19-immunity-can-only-last-about-4.html

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Biden will be the new US president! - Part 2

 Biden has attained the minimum 270 votes required to be the official US President!

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S&P 500 Technical analysis. - Part 14

 

When was the recent buying signal for S&P?

Well, whenever there are at least 2 bullish indicators, that will be the time to buy.  Let's take a look at the recent signs.

In the ellipse, S&P had closed just above the 5-day SMA and the Stochastics had also turned bullish (black line > red line).

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Biden will be the new US president!

Joe Biden looks set to become the next US president. This is just what we've predicted.

http://sg-stock.blogspot.com/2020/10/who-will-win-us-presidential-election_10.html

Those so-called experts who predicted Trump would win were not real experts because their analyses were wrong. The so-called experts cited the huge turnouts at Trump's presidential rallies and his propaganda was well-received by Americans particularly his anti-China stance because China stole American's jobs.

The real reason for Biden's win was that the labour union supported Biden because of the pandemic mishandling by Trump. Like I said before, the pandemic would crush Trump. https://finance.yahoo.com/news/elections-2020-aflcio-president-richard-trumka-190800077.html Biden also had a different group of supporters. Trump's supporters were crazier whilst Biden's supporters were more reserved. They didn't attend Biden's rallies for the fear of severe backlashes from Trump's supporters but they would still vote for Biden. That's the reason for the poor turnouts at Biden's rallies. Last but not least, China didn't steal American's jobs but the evolution of technology did. In the past, jobs were labour intensive. Next, machines were used to help to reduce the labour intensity for the job. Then, more jobs became fully automated which resulted in permanent job losses. Ultimately, AI would direct and control human resources. We've entered the AI era now. In the past, we would call the taxi operator to book a ride. However, we just need to book a ride through a smartphone now and the technology will book the nearest driver near you and direct the route with GPS without any human interference. Can we blame another country for a job loss now? The answer is crystal clear and Trump is destined to lose.

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