Biden not so terrible for markets as other alternatives


Joe Biden is not the best option for stock markets as he wants to increase taxes, but its not all bad. If Biden wins we can expect hike in tax rates back to Obama era , so good thing is that markets know what to expect. If candidate would be radical left wing Democrats Bernie Sanders, markets would be bracing for Armageddon-, but this is not happening. Markets expect him to be more predictable than Trump who is really impulsive. Predictions are that if Biden wins, expect drop 5 - 10% on Dow Jones and other indices, but some sectors might still profit, if Trump wins, expect new highs. (Thomas, Wall Street Journal)


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