October is such a great month. To me it marks the true beginning of Fall. You have the leaves changing, the nights getting colder and of course football. When I was a kid, my parents had this station wagon. (no SUVs in those days) They thought it would be great fun to pile all six kids in and take a four hour ride up north to see the leaves. Talk about torture! Imagine cramped up in a car touching elbows unable to move because you would be violating somebody’s space. There were no iPhones, no laptops, or TVs built into the seat in front of you. It seemed like every half hour somebody had to go to the bathroom. To make matters worse, my older brother always seemed to have gas to which he was very happy to share with us all. I think that you get the picture.
I bring this up because I was having breakfast with one of my few friends last week. He told me that his wife wanted to do just that. Go north for four hours to look at the leaves and they have two high school age kids. If you think about it, don’t the leaves turn the same color here as they do there? Maybe there is some type of torture school that some parents go to so they can subject their poor children to this. To me, it’s just mind boggling.
Now that I have all of that out of my system, let me give you my thoughts on this last quarter. Four years ago, when Hillary was running against The Donald, I felt that the market would take a down turn if Hillary won and go up if Trump won. Trump won and the market has gone up steadily. In this election I do not feel that if Biden wins the market will go down. The feeling I am getting is the market will not react radicle at all. I think it will be neutral for at least the first half of next year. That is unless they come up the vaccine for the virus. Then it will jump pretty quickly, and I think we will see significant growth the first two quarters of 2021. So that is my take on the fate of the market post-election.
I hope that you all have a great and safe October and that you stay healthy.
NOTE: Because of the Virus, we had to cancel this year’s wine tasting event. Ursula and I waited as long as we could, but we finally had to cancel. We are truly sorry…