3/23 – Conspiracy Theory!

 

Okay, so I’ve been formulating this hypothesis for almost a month.  I’m amazed at how many days (weeks) we’ve endured red days in the stock market, when my research is indicating people are BUYING stocks more than selling, COVID-19 vaccines are rapidly being administered worldwide, and the economy is starting to reopen.  So why have the stock markets still been tanking?!?

My portfolio still hasn’t recovered to my February high (02/17/21).  Down a total of 12.7% (3/8/21) and still down 5.32% (3/23/21).  Here’s my conspiracy theory.

The stock market is being manipulated by the Biden administration.  Today, March 23, 2021 marks the 1-year anniversary of the lowest point of the pandemic stock market exchange – a year where Trump was still president for ¾ of the year.  Tomorrow, a new “year of COVID” will begin – a year owned entirely by the new Biden administration.  Now, wouldn’t it make a great story in history for the market to rebound?  Wouldn’t it be a great story in history for Biden and Democrats to “save” the country, beginning tomorrow?  The story is even better if the market is lower at this anniversary date, because it offers more upside for the year to come.

Here's my prediction:  Starting tomorrow, March 24, 2021, the markets are going to soar again!  We’re in a new year of COVID (recovery), new year of government administration, and new year of “stimulus”.  Today the markets are down (as of 12noon ET).  I’m going to Buy the Dip!  This might be the last good chance to buy stocks at lower prices.

Update:  My portfolio closed today down 2.68%.