VivianField
2022-07-01

How low will ABNB stock go? The longer Joe is in office, and the Dems have control over Congress, the worse the economy is going to get....and the lower stocks are going to go. If the republicans win either the House or Senate in November, look for a stronger than normal Christmas rally. A divided government is usually bullish for markets as nothing radical can get passed like the $2 trillion stimulus bill early last year that caused a lot of inflation. Investors just have to worry about reckless and damaging executive orders, or new anti business regulations passed by federal agencies. The ruling by Supreme Court today that limits the power of the EPA is a very positive sign. The executive branch and various agencies like the EPA have acquired way too much power over the past few decades that the constitution never intended for them to have. Let's hope someone sues Biden for cancelling the Keystone pipeline after 100's of millions had already been invested. That had a chilling effect on the fossil fuel industry, and make them very reluctant to invest heavily in E&P on federal land for fear of the government "cancelling" their permits and shutting down operations after millions have been invested.$Airbnb, Inc.(ABNB)$

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