Considering the volatile take-off of markets world-wide today - a day after FBI Director James Comey gave Hillary Clinton the get out of jail free card by informing congress and the world that nothing new was found in the 650,000 emails on a computer shared by Clinton personal aide Huma Abedin and Anthony Weiner, it would appear that the status quo has convinced itself that all is well, that Hillary will win (by hook or crook) and that Donald Trump will not upset the establishment apple cart and "drain the swamp."
Though the swamp dearly needs a good drainage, the market reaction (Dow up over 300 points; NASDAQ up more than 100) from the establishment shows just how embedded the insiders, politicians and media are and just how deeply they despise the voice of the electorate.
This election season has been an object lesson in totalitarianism, underhanded politics, lies, and corruption.
We've got one day to find out whether the world has ended (Hillary wins) or the citizens of the United States of America still has a voice (Trump wins). From the purely superficial appearances, it would come as no surprise if the election was once again (see 2000 and 2004) stolen by the establishment authors of both parties.
Many of us with functioning minds are keeping our fingers crossed and hoping for a Trump victory. Though the Donald has his flaws, the media has managed to paint a truly ugly portrait of the man, all the while ignoring the obvious illegal activities of Hillary Clinton.
God save us.
Monday, November 7, 2016
Friday, November 4, 2016
Stock Rout Continues
More to come over the weekend...
Friday's Closing Prices
Dow Jones Industrial Average
17,888.28, -42.39 (-0.24%)
NASDAQ
5,046.37, -12.04 (-0.24%)
S&P 500
2,085.18, -3.48 (-0.17%)
NYSE Composite
10,289.34, -18.30 (-0.18%)
For the Week Ended 11/4/16
Dow: -272.91 (-1.50%)
NASDAQ: -143.73 (-2.77%)
S&P 500: -41.23 (-1.94%)
NYSE Composite: -187.28 (-1.79%)
Friday's Closing Prices
Dow Jones Industrial Average
17,888.28, -42.39 (-0.24%)
NASDAQ
5,046.37, -12.04 (-0.24%)
S&P 500
2,085.18, -3.48 (-0.17%)
NYSE Composite
10,289.34, -18.30 (-0.18%)
For the Week Ended 11/4/16
Dow: -272.91 (-1.50%)
NASDAQ: -143.73 (-2.77%)
S&P 500: -41.23 (-1.94%)
NYSE Composite: -187.28 (-1.79%)
Wednesday, November 2, 2016
Dow Closes Below 18,000, S&P Under 2100, Trendiing Lower; Fed Null
Stocks took the usual FOMC do-nothing antics in stride but sold off late in the day, with the Dow Jones Industrials finishing below 18,000 and the S&P 500 under 2100.
For the S&P, it was the first close below 2100 since early July, leaving the broad index up just five percent on the year, floating just above its 200-day moving average.
Cause for such grief in stocks is likely tied to the presidential election, now less than a week away, and the continuing surge of Donald J. Trump in the polls as more and more dirt is coming up from under the Hillary Clinton rug.
Investors are worried that their fair-haired, lying, cheating, scandal-ridden candidate will not make it to the finish line ahead of Trump, whom the media and Clinton camp have tried in vain to paint as misogynist, racist, rapacious, in bed with Russia, and other flights of fantasy.
As sad as the media bias and misrepresentation has been, what is potentially more disturbing is how poorly the media and Democrats think of the American public as gullible, malleable and utterly useful only to the ends of the elite.
As was stated more than three weeks ago right here in Money Daily, it now appears that Trump is going to win the election in a backlash landslide.
And stocks don't like it. Too bad.
Hump Day or Trump Day?
17,960.60, -76.50 (-0.42%)
NASDAQ
5,105.57, -48.01 (-0.93%)
S&P 500
2,097.95, -13.77 (-0.65%)
NYSE COMPOSITE
10,349.57, -64.48 (-0.62%)
For the S&P, it was the first close below 2100 since early July, leaving the broad index up just five percent on the year, floating just above its 200-day moving average.
Cause for such grief in stocks is likely tied to the presidential election, now less than a week away, and the continuing surge of Donald J. Trump in the polls as more and more dirt is coming up from under the Hillary Clinton rug.
Investors are worried that their fair-haired, lying, cheating, scandal-ridden candidate will not make it to the finish line ahead of Trump, whom the media and Clinton camp have tried in vain to paint as misogynist, racist, rapacious, in bed with Russia, and other flights of fantasy.
As sad as the media bias and misrepresentation has been, what is potentially more disturbing is how poorly the media and Democrats think of the American public as gullible, malleable and utterly useful only to the ends of the elite.
As was stated more than three weeks ago right here in Money Daily, it now appears that Trump is going to win the election in a backlash landslide.
And stocks don't like it. Too bad.
Hump Day or Trump Day?
17,960.60, -76.50 (-0.42%)
NASDAQ
5,105.57, -48.01 (-0.93%)
S&P 500
2,097.95, -13.77 (-0.65%)
NYSE COMPOSITE
10,349.57, -64.48 (-0.62%)
Trouble In Paradise As Trump Presidency Looms
Normally, stocks are flat - as they were Monday - in anticipation of an FOMC rate policy meeting.
This time is different.
Stocks took a turn for the worse on Tuesday, with the major averages dipping more than 1/2 percent all around. The cause: the truly frightening possibility of a Donald Trump presidency, signifying a change from the crony capitalism of the past 30 years to a more measured, honest, workable structure favoring small business instead of major corporations erecting barriers to business through their henchmen in the US congress and various state assemblies.
That Trump could win the White House - disappointing the supporters of Hillary Clinton and the status quo - is a very disturbing development for Wall Street insiders who have counted on special favors, underhanded practices, and a compliant government to rack up big profits and fleece taxpayers and the investing public, all at the same time.
People who say that a Trump win would cause a market crash may be right, and it's just the medicine this sick globalized economy would need to mend itself. Trump is for a level playing field, lower taxes for individuals and corporations, tariffs as opposed to "free" trade, tighter border control, and fewer regulations.
While those proposals generally sound positive for US business, the devil is in the details. Policy leads reality and Trump's policies would likely put fire to the feet of fat-cat corporate types, ending the corruption and control frauds that plague business and government alike.
Yesterday's drop on the markets was not a one-time event and it also had nothing at all to do with the Fed and their FOMC meeting, which wraps up 2:00 pm ET Wednesday. As has been the case for the past ten months, the Fed will huff and puff and then do nothing. It's obviously too close to the election for the Fed to do anything that might upset the apple cart.
With a Trump presidency now a real, emerging possibility (since Clinton has finally been exposed as corrupt, incompetent, and dishonest) there may be more of these daily dips, especially if the media is forced to tell the truth about the economy and investments.
Time will tell. It's a week to the election and Trump is surging. Like it or not, stocks may take a dive and the economy will probably fall into a recession, all of which will be net positive for America. A good draining of the swamps in Washington and Wall Street is long overdue.
Dow Jones Industrial Average
18,037.10, -105.32 (-0.58%)
NASDAQ
5,153.58, -35.56 (-0.69%)
S&P 500
2,111.72, -14.43 (-0.68%)
NYSE Composite
10,414.05, -67.84 (-0.65%)
This time is different.
Stocks took a turn for the worse on Tuesday, with the major averages dipping more than 1/2 percent all around. The cause: the truly frightening possibility of a Donald Trump presidency, signifying a change from the crony capitalism of the past 30 years to a more measured, honest, workable structure favoring small business instead of major corporations erecting barriers to business through their henchmen in the US congress and various state assemblies.
That Trump could win the White House - disappointing the supporters of Hillary Clinton and the status quo - is a very disturbing development for Wall Street insiders who have counted on special favors, underhanded practices, and a compliant government to rack up big profits and fleece taxpayers and the investing public, all at the same time.
People who say that a Trump win would cause a market crash may be right, and it's just the medicine this sick globalized economy would need to mend itself. Trump is for a level playing field, lower taxes for individuals and corporations, tariffs as opposed to "free" trade, tighter border control, and fewer regulations.
While those proposals generally sound positive for US business, the devil is in the details. Policy leads reality and Trump's policies would likely put fire to the feet of fat-cat corporate types, ending the corruption and control frauds that plague business and government alike.
Yesterday's drop on the markets was not a one-time event and it also had nothing at all to do with the Fed and their FOMC meeting, which wraps up 2:00 pm ET Wednesday. As has been the case for the past ten months, the Fed will huff and puff and then do nothing. It's obviously too close to the election for the Fed to do anything that might upset the apple cart.
With a Trump presidency now a real, emerging possibility (since Clinton has finally been exposed as corrupt, incompetent, and dishonest) there may be more of these daily dips, especially if the media is forced to tell the truth about the economy and investments.
Time will tell. It's a week to the election and Trump is surging. Like it or not, stocks may take a dive and the economy will probably fall into a recession, all of which will be net positive for America. A good draining of the swamps in Washington and Wall Street is long overdue.
Dow Jones Industrial Average
18,037.10, -105.32 (-0.58%)
NASDAQ
5,153.58, -35.56 (-0.69%)
S&P 500
2,111.72, -14.43 (-0.68%)
NYSE Composite
10,414.05, -67.84 (-0.65%)
Saturday, October 29, 2016
Stocks Finish Week On Negative Note, Leans Toward Trump
As Fridays go, especially one in which the government reported 2.9% GDP growth, this one was particularly dull.
Perhaps the news that the FBI informed members of congress that they'd discovered new evidence (on former rep Anthony Weiner's phone, of all places) that gave rise to reopening the investigation of Hillary Clinton's use of a private email server while secretary of state, her ties with the Clinton Foundation, pay for play, etc.
Investors are already nervous heading into the election on November 8, but news like what was released on Friday - abundant in speculation and short on details - has to make one consider running for the hills, or at least the nearest bug-out location.
Maybe it's nothing, but people with money invested always prefer calm to confusion, and the past six months (some say eight years) have been hard to figure.
Consequently, on Friday, stocks were up, then down, then unchanged, finally finishing with a small decline.
For the week, the Dow was the only major index to offer a gain, though a mere .05%. That makes sense, as, compared to the other indices, the Dow is considered the safest, comprised of 30 strong, dividend-yielding companies. The others were down on the week and for the third time in the past four, the NASDAQ - unsurprisingly, the most volatile - took the largest percentage loss, at -1.28%.
Correcting a slight but relevant detail in a previous post, it was stated that Friday was the final trading day of October. The calendar says otherwise, with Monday being the 31st and the key date by which to measure the stock market's ability to predict the presidential election. Being correct 82% of the tie since 1944, the S&P 500 would have to rally more than two percent on Monday for the prediction to call the election for Hillary Clinton.
If the S&P closes below 2,173.60 on Monday, the market predicts the next president will be Donald J. Trump.
Friday's Foibles:
Dow Jones Industrial Average
18,161.19, -8.49 (-0.05%)
NASDAQ
5,190.10, -25.87 (-0.50%)
S&P 500
2,126.41, -6.63 (-0.31%)
NYSE Composite
10,479.78, -23.28 (-0.22%)
Week ended 10/28
Dow: +15.48 (0.09%)
S&P 500: -14.75 (-0.69%)
NASDAQ: -67.30 (-1.28%)
NYSE Composite: -95.26 (-0.90%)
Perhaps the news that the FBI informed members of congress that they'd discovered new evidence (on former rep Anthony Weiner's phone, of all places) that gave rise to reopening the investigation of Hillary Clinton's use of a private email server while secretary of state, her ties with the Clinton Foundation, pay for play, etc.
Investors are already nervous heading into the election on November 8, but news like what was released on Friday - abundant in speculation and short on details - has to make one consider running for the hills, or at least the nearest bug-out location.
Maybe it's nothing, but people with money invested always prefer calm to confusion, and the past six months (some say eight years) have been hard to figure.
Consequently, on Friday, stocks were up, then down, then unchanged, finally finishing with a small decline.
For the week, the Dow was the only major index to offer a gain, though a mere .05%. That makes sense, as, compared to the other indices, the Dow is considered the safest, comprised of 30 strong, dividend-yielding companies. The others were down on the week and for the third time in the past four, the NASDAQ - unsurprisingly, the most volatile - took the largest percentage loss, at -1.28%.
Correcting a slight but relevant detail in a previous post, it was stated that Friday was the final trading day of October. The calendar says otherwise, with Monday being the 31st and the key date by which to measure the stock market's ability to predict the presidential election. Being correct 82% of the tie since 1944, the S&P 500 would have to rally more than two percent on Monday for the prediction to call the election for Hillary Clinton.
If the S&P closes below 2,173.60 on Monday, the market predicts the next president will be Donald J. Trump.
Friday's Foibles:
Dow Jones Industrial Average
18,161.19, -8.49 (-0.05%)
NASDAQ
5,190.10, -25.87 (-0.50%)
S&P 500
2,126.41, -6.63 (-0.31%)
NYSE Composite
10,479.78, -23.28 (-0.22%)
Week ended 10/28
Dow: +15.48 (0.09%)
S&P 500: -14.75 (-0.69%)
NASDAQ: -67.30 (-1.28%)
NYSE Composite: -95.26 (-0.90%)
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