GREY:XEBEQ - Post by User
Post by
tamaracktopon Oct 28, 2020 7:35pm
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Post# 31800414
Today might actually be perversely beneficial
Today might actually be perversely beneficial With Trump being ever mindful of the markets, and often citing them as evidence of his excellent stewardship of the economy, today's rout may actually heighten the chances of a pre-election stimulus deal. I wouldn't be at all surprised to see the futures rebound nicely overnight.............That being said. Xebec actually outperformed the indices today, with the Nasdaq down 3.73%, the S&P down 3.53%, and the dow down 3.43%. Hypothetically, if the markets were to recover all today's losses over the next few sessions, and if the dow were to rise 950 points, the Nasdaq 430, and the S&P 120, I would think Xebec would recover more than 16 cents. It could recover that if the market just stays flat.