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Palihapitiya says election won't matter, stocks going higher next 4 years: 'You need to be long'

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Social Capital Founder and Chief Executive Officer Chamath Palihapitiya said the stock market will continue to move higher regardless of a Trump or Biden presidency.

"Irrespective of whether the Democrats or Republicans are in office, if you're trying to generate returns you need to be long and you will probably get rewarded," Social Capital Founder and Chief Executive Officer Chamath Palihapitiya said at the Delivering Alpha conference.

"Irrespective of whether the Democrats or Republicans are in office, if you're trying to generate returns you need to be long and you will probably get rewarded," Social Capital Founder and Chief Executive Officer Chamath Palihapitiya said at the Delivering Alpha conference presented by CNBC and Institutional Investor.

The Federal Reserve slashed interest rates to near zero in one of many efforts to shore up the economy that was reeling from the coronavirus shutdown. The central bank has also created programs to provide liquidity to needy companies.

 

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Yeah for rich people only.....meanwhile congress argues like children over stimulus money for the people due to their lockdowns gmfb

Is he clairvoyant( march crash?) If biden wins & corporate taxes go up - lead to huge exodus of companies to foreign lands, lead to job losses, deficit spending for free healthcare, education, student loan forgiveness, foreign wars( dems love) payouts to UN, nato and paris accord

Don’t trust him for a second

I expect a market correction as we move into 2021 then a recovery but I'm just a small-time investor

Why should people go long now😅 they can go long after the election to have more profit

OZSC 124 million contract check that penny stock 💰🚀

Long BTC

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