He cites frothiness in the tech sector as"We're still seeing that," said Yardeni. "And then, of course, we've got the renewed concerns about the pandemic and when we're finally going to get a [coronavirus] vaccine. So, it's not as though the election is going to fix everything."Yardeni's base case is Tuesday's presidential election will have a clear result within days, and it will help set the stage for a year-end rally.
"It's a continuation of the bull market that started way back in 2009, and it's just been plagued with all of these panic attacks," he said. "Yardeni, who spent decades on Wall Street running investment strategy for firms such as Prudential and Deutsche Bank, contends there are few places other than stocks for investors to go right now because interest rates are so close to zero.
TradingNation StephLandsman The words might've been there but the tone of Ed Yardeni yardeni was sounding very hesitant. Looks like a Dead Cat Bounce to me and I fully expect the market will be 30% down just in time for the post Christmas sales. Lucky you don't need to go out to buy stocks.
TradingNation I agree !!! Market will roar !!!! With Trump !!!
TradingNation Profiteering during a pandemic? 🤮👁
TradingNation Don't poke the bear.
TradingNation That's because there are no more buyers.
TradingNation Trump does not know when to shut up, but Biden and Harris are absolutely horrible for the US economy. They want to destroy companies making jobs for millions of Americans that are struggling to find jobs in the United States during the virus. Biden/Harris =Great Depression
TradingNation Finally