Worst day of year: Dow down 900 points.

This guy has been on my grapevine for several years.....he admits that he has been wrong for two years but now he thinks he knows it is because he did not realize how profoundly Washington was manipulating the economy in programs paid for with debt:


0:00 - Introduction1:34 - Current view of markets?5:55 - Why was economy struggling?8:56 - Biden immigration policy11:14 - Mainstreet vs Wallstreet13:42 - Government spending, regulation, spending16:02 - Shift from capital to labour?18:00 - Global Economy22:00 - Force Powell to cut rates?23:12 - Secular shift?25:20 - System leverage27:22 - Which assets to perform?30:07 - One message to takeaway?
 
As Dowd says "Go to Cash" I am reminded that I got told yesterday that the European Overlords are seriously considering confiscating portions of bank deposits to fund their assault on Russia...... stealing deposits was already done once in 2013 with Cyprus banks.....at the time I was hearing "mark my words, now that they have gotten away with it once they will do it again"

They are also stealing Russia's deposits, they dont give a fuck.

Buckle Up, Bumpy Ride Ahead.
 
The Dow and S&P 500 each posted their worst day of the year. The tech-heavy Nasdaq Composite post its biggest single-day decline since September 2022.

The rout on Wall Street started early, with all three major indexes opening sharply in the red. US stocks slid throughout the day and, despite a brief afternoon rally, closed in the red.

Don’t fret. I hear The Scowlwomams hubby is a whiz at this stuff. I am sure he can help you hedge your position to navigate the volatility
 
The billionaires made a bad decision. Trump is the opposite of the Midas touch.

Let's see how it fares for the enterprise called America.

We have 1408 days.
Actually, more billionaires backed Harris than Trump. They wanted a mindless puppet in the White House not a bulldozer.
 
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