Poll of the Day > hmm, stock market reaching record heights in wake of Biden's win?

(+) Yeah! (+)

But that's the opposite of what Trump said would happen

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Also Pfizer's announcement this morning with the vaccine

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Id rather we not have a stock market at all tbh

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But, but retirement funds and stock holders! Who else would provide for the people's future, the government?

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Literally because of the Pfizer vaccine and only the Pfizer vaccine. Trump gave Pfizer billions as part of Operation Warpspeed, although the lab directly associated with it -- which waited to release news until after election day -- credits a German lab it had partnered with for funding.

As for Biden, he hasn't "won" just yet. In 2000, the media declared GWB the winner... and then we had a recount that could have changed the election.

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Zeus posted...

Literally because of the Pfizer vaccine and only the Pfizer vaccine. Trump gave Pfizer billions as part of Operation Warpspeed, although the lab directly associated with it -- which waited to release news until after election day -- credits a German lab it had partnered with for funding.

Pfizer did not receive any funding for the development of the vaccine. They used their own money.

Also, I'm fairly sure stock futures were high yesterday afternoon, long before this morning's early announcement.

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Zeus posted...

Literally because of the Pfizer vaccine and only the Pfizer vaccine. Trump gave Pfizer billions as part of Operation Warpspeed, although the lab directly associated with it -- which waited to release news until after election day -- credits a German lab it had partnered with for funding.

Theyve made it very clear that theyve accepted no funding from the government.
Zeus posted...

As for Biden, he hasn't "won" just yet.

Still in denial I see.

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Its actually because of the announcement of the McPlant but I guess Biden couldve helped that

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My favorite part of Zeus post (from what I can see in the quotes) is that he ignores the sheer amount of credibility Trump wouldve taken for the vaccine if he had won.

Clench281 posted...

Pfizer did not receive any funding for the development of the vaccine.

Which is semantics. The company received money from Operation Warpspeed and having that money allowed them to devote money elsewhere, including on this.

Fastest_Spartan posted...

Still in denial I see.

I'm still in reality. Maybe you'd like to join me some time? The media calling the election is completely informal and the process doesn't end until all recounting and legal battles are done, or when one candidate permanently concedes (as opposed to a temporary concession we saw in 2000, where the decision was based on the media then the concession was retracted for a recount)

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Zeus posted...

I'm still in reality. Maybe you'd like to join me some time?

Already there, unlike your fantasy world you seem to be stuck in. In the ACTUAL reality, Biden has hit 270, the recounts wont matter and neither will any of the court cases in which Trump is just wasting everyones time with because his narcissistic ass cant accept defeat.

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Cacciato posted...

My favorite part of Zeus post (from what I can see in the quotes) is that he ignores the sheer amount of credibility Trump wouldve taken for the vaccine if he had won.

Sounds like Pence is already taking credit for the vaccine, in spite of the fact that Pfizer has already said they didnt accept any government funding.

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Fastest_Spartan posted...

Already there, unlike your fantasy world you seem to be stuck in. In the ACTUAL reality, Biden has hit 270, the recounts wont matter and neither will any of the court cases in which Trump is just wasting everyones time with because his narcissistic ass cant accept defeat.

A 270 that was based on calling many results on POLLING rather than votes and where recounts are already happening. By that "logic," you might as well just insist that Trump concede on preelection polling rather than go through an election at all.

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Its a mix or Biden and the Vaccine more then likely.

Zeus posted...

A 270 that was based on calling many results on POLLING rather than votes and where recounts are already happening. By that "logic," you might as well just insist that Trump concede on preelection polling rather than go through an election at all.

Pennsylvania is pass its recount threshold which is .5% and they calle their state once it hit that.

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Zeus posted...

A 270 that was based on calling many results on POLLING rather than votes and where recounts are already happening. By that "logic," you might as well just insist that Trump concede on preelection polling rather than go through an election at all.

He hit the necessary amount on Saturday. Had nothing to do with polling, he had the amount of electoral votes needed to win. I cant believe I have to explain this to you.

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I wonder if Zeus will continue this complete denial once Biden is inevitably inaugurated.

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Zeus posted...

Which is semantics. The company received money from Operation Warpspeed and having that money allowed them to devote money elsewhere, including on this.

Uh, you're talking about production costs. The government placed an order for effective, produced vaccines, which would be developed using Pfizer's own money. If Pfizer cannot demonstrate its vaccine is effective, then the order is cancelled and Pfizer gets nothing (and is still in the red for its previous development costs).

Operation Warp Speed granted funds to vaccine research to reduce risk associated with developing the vaccine in the first place. Pfizer did not receive any such funds and assumed all of the native risk for developing a vaccine.

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SeahorseCpt89 posted...

I wonder if Zeus will continue this complete denial once Biden is inevitably inaugurated.

We're going to hear for the next 4 years "BIDEN STOLE THE ELECTION!" despite there being exactly 0 evidence of that claim.

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Zeus posted...

I'm still in reality. Maybe you'd like to join me some time? The media calling the election is completely informal and the process doesn't end until all recounting and legal battles are done, or when one candidate permanently concedes (as opposed to a temporary concession we saw in 2000, where the decision was based on the media then the concession was retracted for a recount)

Which states do you believe have a non-zero chance of flipping in Trump's favour if they do a recount, and why?

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Zeus posted...

A 270 that was based on calling many results on POLLING rather than votes and where recounts are already happening. By that "logic," you might as well just insist that Trump concede on preelection polling rather than go through an election at all.

hErEs hOw bErNiE cAn StIlL wIn

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Yeah, nice to see. I feel like my investments have been flat a few months and today I look at it and for slightly excited.

Id think a Biden win was already priced in though and it started a bit ago so not the vaccine. Id think the vaccine but it was trending up last week I think.

VTSAX is still lower now than it was a month ago.

To be clear, I think anyone trying to ascribe meaning to stock market behavior and current events is basically trying to read tea leaves. It's just funny that Trump made a very specific prediction that's looked pretty wrong so far.

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Clench281 posted...

To be clear, I think anyone trying to ascribe meaning to stock market behavior and current events is basically trying to read tea leaves

Eh, you can usually make some reasonable inferences retrospectively. Just not in the present.

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