Continuing my responses:
@stanleybmanly Thanks to @jaxk for setting Stan straight! The question is a hypothetical of the “what if” variety. So I am not asking your opinion of what may transpire; I am asking: “What if the stock market keeps booming?”
@Jaxk I agree with you that the market prefers a known quantity. No matter how long Biden has been in DC, his possible actions as President are unknown. For instance, if the market believed Biden has a realistic chance of winning AND implementing his corporate tax increase, the market would be a lot lower than it is. In a way the market is a self-fulfilling prophecy – by staying high it depresses Biden’s chances of a win.
@stanleybmanly In response to your response to @Jaxk, let me just say if the market truly believed that the economy is collapsing, it would be down by now.
@hmmmmmm You are right about Biden. He was dragged kicking and screaming into the fray to give the DNC some control over the proceedings. He will be dumped in favor of Harris as soon as he tries to exert himself. For instance if he tries to keep his promise to the rich, he will be dumped the very next day.