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sectors that have fared worse than S&P 500

By ad follow ad   2020 Oct 25, 2:20pm 187 views   4 comments   watch   nsfw   quote   share    


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Vanguard's S&P 500 etf is up 8.84% year to date (YTD). It was down 32.5% compared to its February 2020 (last all time high) level back in late March 2020.

I was looking at Vanguard's specialty ETF's that are below this such as financials, utilities, and energy. I am not sure how much more pain there is for energy even if Biden is President.
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1   clambo   ignore (5)   2020 Oct 25, 4:14pm     ↓ dislike (0)   quote   flag      

The problem isn't how Biden slows the growth, rather you will pay more tax when you decide to spend some of the capital gains later on.

The idea that you should save your blood, sweat and tears, risk your money and invest in our economy, and then must share your rewards with the losers who don't is despicable.

Biden is despicable.
2   ad   ignore (0)   2020 Oct 26, 9:26am     ↓ dislike (0)   quote   flag      

"Debt issued by the owner of Men’s Wearhouse, which filed for court protection in August, traded this month for less than 2 cents on the dollar. When J.C. Penney Co. went bankrupt, an auction held for holders of default protection found the retailer’s lowest-priced debt was worth just 0.125 cents on the dollar. For Neiman Marcus Group Inc., that figure was 3 cents."

- Financial Post
3   EBGuy   ignore (1)   2020 Oct 26, 2:47pm     ↓ dislike (0)   quote   flag      

ad says
I am not sure how much more pain there is for energy even if Biden is President.

What's the old saying? The stone age did end for lack of stones. Is this the end of the oil age?
Since 2009, the weight of energy sector has halved and its currently just a bit more than 6%. The sharp decrease in oil prices has caused big worries for energy companies. In the beginning of 1980, energy was clearly the largest sector, making up 25% of the US stock market.
I tend to think it's bottoming out, but perhaps we are at an inflection point...
4   ad   ignore (0)   2020 Oct 26, 4:05pm     ↓ dislike (0)   quote   flag      

EBGuy says
I tend to think it's bottoming out, but perhaps we are at an inflection point...


Biden said during the last debate he wants to take action to end the oil and gas industry. So it dies a slow death like Sears.

But that does not mean we'll keep seeing ~$2 a gallon gasoline while this happens.

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