The Only Thing Making Any Sense On Planet Earth Is Bitcoin (Now $18,000 and rising)

The mainstream media lies.

Votes are being challenged and overturned in Georgia, Nevada, and Arizona yet CBS This Morning says not a single vote has been changed. The other networks chime in with the same message. Nothing to see here about this corrupted, stolen election. Move along.

Oil goes up. Gold and silver go down.

Large pasts of the country are shutting down again over a virus that kills 0.02% of the people infected. That's two out of 10,000, and it's even lower for people under the age of 60.

We're supposed to get excited over a vaccine - either the one produced by Pfizer or the one done by Moderna (incidentally, a company that has never produced a useful vaccine, ever) - that is supposedly 95% effective in -- we're not sure... stopping the virus? preventing infection? killing the virus?

It doesn't make any sense. why risk getting a vaccine, of which the long-term effects are unknown that will have a positive effect on 9,500 of 10,000 people, when the survival rate without the vaccine is 9,998 out of 10,000?

And why isn't the American public informed about alternative treatments like Vitamin C, D3, Zinc, Quercetin, and especially, Hydroxychloroquine, which is widely used in countries across South America, Africa, and the Far East?

Why hasn't Japan shut down? Indonesia? Vietnam? South Korea? Why is China up and running at nearly full capacity?

The media, the government, the medical community just doesn't want the public to know that the COVID-19 coronavirus isn't even as deadly as the seasonal flu. Could it be because by issuing stay at home edicts, mask mandates, travel restrictions, social distancing requirements, they exercise control over the whole population?

Why?

While millions of Americans are out of work, hundreds of thousands of small businesses shut down permanently, publicly held stocks continue to rise to new all-time highs. What does Wall Street know that everybody else seems to be missing? October retail sales were slow. Year-over-year, US industrial production has fallen for 14 consecutive months, dating back to September of 2019, before the coronavirus was even a thought. October industrial production was down 5.3% in October. Of 6.7% in July, August, September. Prior to that, it declined 4.7% in March, then 16.7% in April, 15.7% in May, 10.7% in June.

What are we missing here?

Movie theaters nationwide are shut down. So are cruise lines. Gyms, barber shops, and beauty salons in many areas are closed. Restaurants, except those that are spawn of massive public corporations which trade on Wall Street and serve GMO garbage without nutritional value, are closed, with more closing every day because of government restrictions and recommendations that aren't even law.

Americans are being told not to celebrate Thanksgiving. Shortly, various state governments will cancel Christmas.

None of it makes any sense.

Except for Bitcoin, which happens to be the one thing that trades outside the control of governments, Wall Street, the media. It cannot be manipulated, controlled, or otherwise compromised. It trades on pure supply and demand. It is the one currency (along with various other cryptocurrencies) that operates freely and cannot be inflated away like the fiat currencies: dollar, yen, euro, pound, yuan.

And, it is soaring in price.

Why?

Because people are dissatisfied with their government, their money, taxes, inflation, expenses, lockdowns, unemployment, the media, suppression of gold and silver, lying politicians who go to Washington as middle class citizens and emerge years later as millionaires. So, people are buying Bitcoin. And, as more people buy in, adopting the currency, the price rises. The purchasing power of bitcoin, compared to any fiat currency and even gold and silver, is increasing. Rapidly.

From October 3rd to today, the price of Bitcoin in US dollars has risen from $10,553 to over $18,000 and it's not slowing down. Just a week ago, it was $15,707. It's going parabolic. While it's unlikely to maintain the current trajectory for an extended period, it will continue to rise as more and more people adopt it, buy into it. And, when 26 million PayPal merchants begin accepting Bitcoin as payment for goods and services in the first quarter of 2021, it's likely to rise at an even faster rate.

The more currency the Federal Reserve conjures out of thin air, the more bonds they buy, the larger their balance sheet, the weaker the US dollar becomes. The same is true of the euro, yen, pound, and yuan. They are all being debased. The only currencies that are not being debased are gold, silver, and Bitcoin.

The gold and silver prices are determined by a crooked futures market which allows naked shorting, imposes margin limits and lets banks, like JP Morgan Chase, which has been found guilty of manipulating the precious metals markets and others repeatedly over the past decade, to engage in spoofing and other trading tactics that keep the price of silver and gold down. They cannot do that with Bitcoin. They can, just like everybody else, buy and sell it at current market prices. That's all. And that's why Bitcoin is soaring and will continue to grow. It will become the one true international currency, outside the control of governments - unless they ban it, which some already have, to their detriment - central banks, the BIS, IMF, World Bank, and other institutions that favor currencies that are nothing more than instruments of debt slavery.

Eventually, as Bitcoin gains acceptance to a degree at which it becomes unmistakably mainstream, the media will start calling it a tool of criminals, a risky proposition, or some other form of evil. Just watch. The mainstream media, in collusion with the government, has already tried. They've shut down some exchanges and stolen the Bitcoin. But, that Bitcoin still exists. It will always be in the system. There's nothing more governments can do except confiscate it, make people pay taxes on gains from it, or otherwise try to diminish its value and appeal until eventually, when millions of people are using it, they'll have to ban it or surrender. And then, after they've already taken your liberty, your job, your business, your sports, your schools, your holidays, your votes, they will try to take away your money. Then, what will you have? Nothing.

Until that day comes, Bitcoin makes much more sense than anything on the planet.

At the Close, Tuesday, November 17, 2020:
Dow: 29,783.35, -167.09 (-0.56%)
NASDAQ: 11,899.34, -24.79 (-0.21%)
S&P 500 3,609.53, -17.38 (-0.48%)
NYSE: 13,949.10, -33.09 (-0.24%)

Dow, S&P Make New Records As Bitcoin Continues Surge Higher, States Impose New Lockdowns

For the second Monday in a row, Wall Street was gifted a fresh vaccine mandate to buy more stocks. Last Monday, it was Pfizer that announced a vaccine they claimed to be 90% effective. They failed to disclose that vials of the vaccine had to be kept stored at -120 degrees Fahrenheit. That small detail didn't derail the massive raly that followed.

This Monday was Moderna's turn. The company that has never produced a vaccine or drug of any significance apparently came up with a miracle vaccine for CV-19 in "warp speed" time that's 95% effective. Whoopie! And it can be stored at regular refrigerated temperatures for 30 days.

Masters of the universe, otherwise known as Wall Street traders and their magic algorithms, bid up equities to levels surpassing previous closing highs on both the S&P 500 (for the second straight trading session) and the Dow Jones Industrial Average, which soared past its previous closing high of 29,551.42 from February 12 of this year. Shortly, stock enthusiasts will be breaking out their "Dow 30,000" hats, as if that's some milestone that has any relevance to reality in the real world economy.

While gains in the equity indices produced new highs for both the Dow and S&P 500 Index, those were dwarfed by the big winner on the day, Bitcoin. At 4:45 pm ET, Bitcoin (trades continuously) was priced in US dollars at 16,774.12, up 816.98 (+5.12%) (Ed. Note: at 8:00 am, Bitcoin in US dollars: 17,044.70). Not only was Bitcoin the leading asset for Monday, but it has been racking up ridiculous gains since the beginning of October, when it stood momentarily at 10,623.33.

Bitcoin's chart appears about to be going parabolic, and it just might, considering the attention it has recently received. As of last Thursday (November 12), PayPal, the #1 online payments processor in North America, made the buying and selling of Bitcoin available to eligible users in the United States. With more than 330 million users worldwide, the bulk of those (estimates are roughly 70% of all users) being US-based, PayPal will boost demand for Bitcoin and a number of selected cryptocurrencies.

In early 2021, PayPal will allow users to pay for goods and services offered by its 26 miliion merchants. This move will enhance Bitcoin's status as a useable currency, on par with US dollars, euros, yen or any other currency widely available. With more users demand for the currency will rise, pushing up its price. This is what's been happening since PayPal first announced its move into cryptocurrencies in October. Now that it's a reality, the outcome should be positive for price appreciation in the world's original crypto.

As Gresham's Law so eloquently states, "bad money drives out good in circulation," the application to Bitcoin may initially be one in which US dollars or euros or yen (bad money) will be used to purchase Bitcoin (good money), which will be stored or hoarded as it increases in value. The opposite (good money drives out bad) will occur when Bitcoin adoption has reached a critical mass, something possibly on the order of 20 to 30% of transactions being done in Bitcoin rather than the official currency, such as US dollars. When alternatives to the official, government-sanctioned currency are unmistakably taking significant market share, the old currency is doomed as the population rushes into the "better" currency or currencies, perceived as better stores of value.

As the Federal Reserve and central banks globally have been in the process of debasing their currencies for a very long time and recently accelerating, Bitcoin will become the currency of choice, as it is market-based and cannot be manipulated by derivatives (yet) nor printed out of thin air, as are all unbacked, fiat currencies. While the argument that Bitcoin has no intrinsic value, neither does any fiat currency, making that a moot point regarding comparisons to popular national currencies. Bitcoin is international, in a class with gold or silver, which do have the advantage of intrinsic value and also have been in use as money, rather than currency, for centuries.

As the purchasing power of fiat currencies continue their long decline to eventual ruination and worthlessness, Bitcoin, along with old standards, gold and silver, will prevail as currencies and money of choice in the 21st century and truly become international money.

Elsewhere on Planet Bizarro, yields on the 10-year note and 30-year treasury bond rose two and one basis points, respectively. As has become customary, gold and silver futures were kicked to the curb prior to the US market open, but both regained momentum and closed near where they began.

States and cities have begun to re-institute lockdowns and mask mandates, the latest in Michigan and Washington state. California re-imposed various orders, closing or restricting bars, restaurants, churches, casual gatherings, while telling residents to pretty much cancel plans for Thanksgiving, being that it's a non-essential holiday and all. Similar orders and advisories are being issued by governors in other states - without authority.

None of what these states are implementing can come to any good. Most of the country was locked down or otherwise closed up for extended periods earlier in the year. Mask-wearing became fashionable and social distancing was widely accepted. Still, the virus spread across the country, giving governors and mayors ample opportunity to impose their wills over the populace. Next they will cancel Christmas, then work, then, your life. It's all part of the globalist, "Build Back Better" new world order plan.

President Trump has still not conceded the election to Joe Biden and the cheating Democrats and non-opposition Republicans in the senate. A few of the more thoughtful assessments on the stolen election of 2020:

National Pulse: The Statistical Case Against a Biden Win by Steve Cortes

Federalist: 5 Historical Trends That Show It’s Utterly Shocking If Trump Lost In 2020

Spectator: A Cautionary Note to Antifa and BLM Thugs Contemplating “Civil War”

At the Close, Monday, November 16, 2020:
Dow: 29,950.44, +470.64 (+1.60%)
NASDAQ: 11,924.13, +94.83 (+0.80%)
S&P 500: 3,626.91, +41.76 (+1.16%)
NYSE: 13,982.19, +220.89 (+1.61%)

WEEKEND WRAP: Market Mayhem Amid Election Dispute, Bonds Racked, Precious Metals Sacked; S&P Reaches New Record

Other than the tech-heavy NASDAQ, stocks had another solid week, especially the NYSE Composite Index, which includes over 1,900 stocks, at least 1,500 of which are U.S. companies, as well as real estate investment trusts (REITs) and tracking stocks.

While the S&P reached a climactic record closing high on Friday, it was out-paced by the NYSE Composite, which added more than 500 points (4.11%), approaching a record high of its own. Closing within 375.66 points of its all time high of 14,136.98 (February 12, 2020), the Composite index is within 2.6% of setting a new mark. Such a move would likely align with gains to record closes on the NASDAQ (12,056.44, 9/2/20) and Dow Jones Industrials (29,551.42, 2/12/20). The Dow closed at a nine-month high Friday, leaving it a mere 71 points from a record.

Keeping in mind that stocks don't trade in a vacuum, astute investors may be viewing the current near-record or at-record valuations a bit rich, considering the challenging political and economic backdrops presently imposed.

Some states have begun to re-implement lockdown measures and other restrictions in response to rising infection rates of COVID-19. At the same time, the makeup of the political leadership is still in doubt, with the senate hanging by two elections in Georgia which will be decided by run-off elections on January 6th, though the larger concern is still over the presidency, which the mainstream media has awarded to Democrat candidate Joe Biden and which President Trump has steadfastly refused to acknowledge, claiming the election was stolen, as evidence, recounts, and lawsuits continue to mount.

Adding in no small measure to the political turmoil was Saturday's "Million MAGA March" or "Stop the Steal" march in Washington DC. Some estimates believe the crowd that walked from Freedom Plaza near the White House to the steps of the Supreme Court building was as large as a million people, a claim that, naturally, was disputed by elements of the mainstream media. Marked by fiery rhetoric from a variety of speakers, including radio talk show host, Alex Jones - who proclaimed November 14, 2020 to be the beginning of a second American revolution - the assemblage of patriots backing Donald Trump was large enough that the mainstream media could not ignore it nor downplay the level of patriotic spirit on display.

While either the Supreme Court or the House of Representatives may end up being the final arbiter of the presidential election, lawsuits filed by the president and other informed entities did not fare well during the past week, with state court judges dismissing a number of actions in Pennsylvania and Michigan. Meanwhile, a Georgia recount (The Associated Press (AP) is calling it an audit) has been rushed, with inspectors only allowed at a 1:10 ratio to recount tables and the results supposedly to be final by Sunday afternoon.

Georgia Secretary of State Brad Raffensperger called the exercise "an audit, a recount and a recanvas all at once," futher muddying the electoral waters.

Those are the main elements at this time. However, there is so much news, rumor, and questioning that it's impossible to cover all the ground in one article, or many. A number of links below may provide some direction for those interested in doing a "deep dive" into the post-election malaise.

On the economic front, unemployment remains elevated, and could become considerably worse if states begin to clamp down on public movement and activity, as mentioned above. Currently, Oregon and New Mexico have expanded partial lockdowns, while North Dakota has issued a statewide mask mandate and the city of Chicago is advising its residents to not travel or engage in traditional Thanksgiving holiday gatherings.

The response to CV-19 has put a severe crimp on 2020, and now a second wave is inspiring even more damaging restrictions by governors who believe they are tasked with the ultimate health of each and every citizen. Policy differences have crept into presidential politics as well. The Trump administration believes that CV-19 can be dealt with best without lockdowns, while the presumptive Biden team has proposed a nationwide mask mandate and lockdown of between four to six weeks.

While cases were rising in many locales, the announcement Monday by Pfizer that their vaccine had proven 90% effective (on a small sample) sent stocks soaring, though the euphoria waned noticeably by midweek. Friday's surge in stocks was more the result of a lack of bad news and pre-Black Friday posturing than any solid economic prospects.

Oil spent the week zig-zagging, with WTI crude on the NYMEX procing from $37.14 the prior Friday to close out this week at $40.13, but not before hitting $41.45 per barrel on Wednesday. For all the huffing and puffing the oil giants like OPEC, Russia, the US, and Iran have been doing, the price has remained under pressure and quite stable throughout the global pandemic panic. While most parties would like to see higher prices, the constraints put on the public have kept the price from rising to any meaningful degree. There is, quite simply, a massive oversupply coupled with extremely slack demand. Regardless of whether the CV-19 pandemic is contrived or real, serious or benign, until some kind of global solution becomes normative, the economy and the price of oil are likely to remain moribund.

Low or stable energy prices are surely not helping the Federal Reserve's effort to induce massive inflation. It seems that every time one central bank - particularly the US Fed, ECB, or the BOJ - issues a policy directive, there's an equal and opposite force pushing against it.

With the massive entry into equities that started the week, treasuries gapped from Friday into Monday with the yield on the 10-year note rising from 0.83 to 0.96% and the 30-year yield ripping from 1.60 to 1.73%. As the week wore on, with bond markets closed Wednesday for Veteran's Day, the one-off was largely negated. By Friday, the 10-year yield stood at 0.86, the 30-year at 1.65, hardly a move to inspire much ado about anything.

Gold and silver were battered on Monday, apparently deemed "non-essential" by the equity crowd. Gold fell from $1951.70 on Friday, November 6, to $1854.40 at the New York close Monday, November 9. After yet another beatdown, gold recovered slightly, ending the week at $1881.40. It was an equally-distressing blue Monday for silver stackers, who saw the metal slashed from Friday's close at $25.66 to $23.70 Monday. Silver's bounce-back was better than gold's, ending at $24.76 on the 13th.

Presented below are the most recent prices for common gold and silver items sold on eBay (numismatics excluded, shipping - often free - included):

Item: Low / High / Average / Median
1 oz silver coin: 32.00 / 42.02 / 36.22 / 34.59
1 oz silver bar: 30.87 / 43.95 / 35.52 / 33.84
1 oz gold coin: 1,975.00 / 2,038.19 / 2,010.10 / 2,005.06
1 oz gold bar: 1,939.16 / 2,000.27 / 1,984.98 / 1,990.33

It's apparent that silver held up better than gold and that despite Monday's smackdown, premiums remain high. What's also becoming clear is that common (non-numismatic) gold bullion coins have become scarce and more specialized, collectible items have found their ways onto the eBay platform, either from established dealers or individuals looking to trade their precious metal holdings for cash.

Links to relevant election dispute articles:

Incomplete List of Suspected Fraud Issues in 2020 Election Sorted by State with Recommended Actions on How to Address - Extremely large and growing list of articles purporting Democrat-led election fraud (with links).

The Biden-Harris Nationwide Election Fraud Scheme to Steal the Ballot State by State Prohibits Them from Winning the Race - article from State of the Nation outlines how fraud would "vitiate everything."

An impassioned Alex Jones speaks at Saturday’s Million MAGA March:

Finally, here's Trump attorney, Sidney Powell, talking with CNN's Lou Dobbs about suspected vote-switching code in Dominion Voting Systems - used in elections nationwide - promising to "release the Kraken."

At the Close, Friday, November 13, 2020:
Dow: 29,479.81, +399.64 (+1.37%)
NASDAQ: 11,829.29, +119.70 (+1.02%)
S&P 500: 3,585.15, +48.14 (+1.36%)
NYSE: 13,761.32, +209.86 (+1.55%)

For the Week:
Dow: +399.64 (+1.67%)
NASDAQ: -65.94 (-0.55%)
S&P 500: +75.71 (+2.16%)
NYSE: +542.65 (+4.11%)

It's Friday the 13th. Do You Feel Lucky?

Today is Friday the 13th.

The concept that the 13th day of the month falling on a Friday has origins that possibly date back as far as the Last Supper, where Jesus Christ was betrayed by apostle Judas Iscariot, the 13th person at the table.

Such tradition may also have come from the Knights Templar, when, on Friday, October 13th, 1307, King Philip IV of France, in league with Pope Clement V, ordered all Templars to be rounded up and thrown in prison. The Knights were accused of numerous crimes including heresy and treason.

Also known as triskaidekaphobia, fear of the number 13 has also created traditions such as skipping the 13th floor in buildings in an effort to avoid bad luck.

For the majority of people, it's just another day. And, for people who enjoy trading stock certificates for digital fiat currency, it's an opportunity to cash in prior to the weekend, when markets are closed.

What fell off the table on Thursday might be picked up on Friday. Markets were spooked by rising number of cases of CV-19 popping up all over the place, though most intelligent people have determined that the pandemic fear-mongering is just another ploy by the mainstream media to distract and confuse people, subjugate them the will of some higher order. Judging by the number of people wearing masks these days, it appears the media hype has been quite the success.

Truth be told, CV-19, for what it's worth, is no more deadly than the common cold for 99.98% of the people walking the planet. Sure, it's more lethal in people over 60, 70, and especially those beyond 80 years of age, but the levels to which various municipalities and state governments have gone to prevent its spread has been nothing short of a massive failure. If masks, social distancing, closure of businesses, schools, banning public gatherings and other measures that have been employed over the past eight or nine months were effective, then why are "cases" spiking now?

The most reasonable explanation for the rising case counts is the increase in testing using tests that return many more false positives than actual infections of the virus. The widely-used PCR tests have been noted by experts to be miscalibrated, making them capable of picking up even the most minute traces of any coronavirus, of which there are hundreds, if not thousands, such as common colds and flu.

Meanwhile, the world is supposed to wait for Big Pharma companies to deliver a vaccine that will rid us of this scourge. Buying into the Bill Gates, Klaus Schwab, World Economic Forum's Great Reset mantra is a recipe for mass hysteria the likes of which the world has seldom, if ever, seen.

So, today, might be a good day to consider one's luck, in the reality that wealthy madmen with a global dominance agenda haven't yet succeeded in convincing everybody that their plans are for the good of humanity. A good place to start understanding the machinations of the Davos crowd of billionaires and policy makers is the book, published in July, COVID-19: The Great Reset authored by Klaus Schaub, founder and Executive Chairman of the World Economic Forum (WEF), and Thierry Malleret, co-founder and principal author of the Monthly Barometer, an analytical and predictive newsletter on macro issues for high-level decision-makers.

Within the pages of the book, readers can discover what plans these globalists have for the world's "peons." It's almost medieval in its design.

A recent Gallup poll found that a third of respondents in the United States would be unlikely to comply with new lockdown orders should governments re-impose the stringent guidelines that prevailed in the Spring. While that 1/3 of people may have had enough of the entire pandemic scenario that's being forced upon the citizens of the world, that still leaves two-thirds of the population ready and willing to have more of their civil rights and freedoms violated with non-binding guidelines, restrictions, and lately, "recommendations."

At the top of the pandemic food chain of command are people, like Dr. Fauci, who less than a month ago warned that Americans may have to cancel Thanksgiving gatherings because of the threat of CV-19. These kinds of warnings and scare tactics may work on a certain malleable portion of the population, but most people are still going to dine on turkey with gravy, stuffing, mashed potatoes and all the fixings of a traditional holiday dinner.

It's likely better for one's mental and physical health to ignore the warnings and droolings from people like Anthony Fauci and other mad pseudo-scientists, who, to a man or woman, have yet to issue guidance about strengthening one's immune system through proper diet, exercise and use of vitamins C, D3, Zinc, and Quercetin. None of these experts have expressed any inclination toward consumption of green tea, honey, elderberry extract or any other known holistic preventatives.

So, this Friday the 13th shouldn't be unlucky for many, though surely any number of bad things could - and likely will - happen. People are just prone to error. Some will stub their toes, others will lose their car keys, some may have bad hair days. Whatever happens today or any other day will happen. There's little anybody can do about the regular ups and downs of human existence.

So, today, as Clint Eastwood, playing Harry Callahan in the 1971 film classic Dirty Harry poses the question, "do you feel lucky?"

At the Close, Thursday, November 12, 2020:
Dow: 29,080.17, -317.46 (-1.08%)
NASDAQ: 11,709.59, -76.84 (-0.65%)
S&P 500: 3,537.01, -35.65 (-1.00%)
NYSE: 13,551.46, -173.32 (-1.26%)

S&P 500, Dow Industrials Fall Short of Record Closing Highs As Political, Economic, Medical Pressures Mount

Wednesday's 27-point rise on the S&P 500 left the broad index just below its record close of 3,580.84, attained on September 2nd of this year, leaving the S&P less than three percent from a record mark.

The index came close to the record intraday, hitting 3,581.16 mid-afternoon, but late day selling prevented a record close.

The Dow Jones Industrial Average was poised to reach a record closing high, but failed to do so, losing 23 points on the day, seeking a close above 29,551.42, the level it closed at on February 12, just prior to the late winter corona-crash.

Stocks came under pressure late in the session as Monday's rally, spurred by the potential Joe Biden presidential victory and Pfizer's announcement of successful COVID-19 vaccine testing began to fade as President Trump ramped up efforts to overturn unofficial counts in Wisconsin, Pennsylvania, and Michigan. The president was awarded North Carolina and Alaska during the day, pushing his electoral vote count closer to the necessary 270 needed to retain his position as leader of the free world.

Georgia's too-close-to-call presidential tally triggered an automatic recount and Wisconsin is within the one percent threshold for a candidate to request a recount. Outlier counties include Dane and Milwaukee, which include the cities of Madison and Milwaukee, where Joe Biden took 76 and 69% of the vote, respectively. The results appear skewed, as Trump won handily in other Wisconsin cities, Green Bay, Waukesha, Appleton, and Racine. Biden's lead is just over 20,000 statewide.

Just the fact that Trump is calling for recounts and has filed suit in various jurisdictions raises the specter of fraud having been committed by parties loyal to Biden. Election results looked suspicious even the night of the election, after Trump won Florida, Ohio, and Iowa easily. Vote counting was suspended election night in Michigan, Pennsylvania, Nevada and elsewhere the night of the election. Democrats and the mainstream media insist that the president has no evidence of widespread voter fraud even though such evidence continues to pile up across the country.

Essentially, the remarkable stance taken by the media to shut down any questioning of a Biden victory simply does not pass the smell test. Biden, despite running a campaign mostly from the comfort of his basement and drawing sparse crowds (while Trump drew tens of thousands to rallies) at events, supposedly won more votes than any candidate in history, including surprassing the record set by Barack Obama in 2008. On the surface, that result stretches reality to a point of unbelievability.

Thus, Biden's media-imposed victory may have to at least wait a while, and the possibility that President Trump will eventually be declared the victor on December 14 when state electors are certified, is growing. With considerable doubt being cast on the election front, investors may take a wait-and-see approach and if it appears that Trump gains an upper hand, markets could reverse in a hurry.

On the vaccine front, following the release of Pfizer's rushed press release Monday, the shine is fading on their story. The vaccine in question has to be isolated and kept at a temperature of -112 Fahrenheit and experts suggest that widespread distribution - considering the logistical issues ahead - may not occur until later in 2021. Additionally, rising numbers of COVID cases are prompting many states to begin issuing renewed restrictions on work, travel and assemblies, a negative for the economy and stocks.

These factors are contributing to a healthy degree of reservation and skepticism on the part of investors, to say nothing of the high valuations currently offered on popular stocks. Adding to the worry wall is the upcoming holiday season, that, with retailers already having been splattered this year, may not be as brisk as some might like due to coronavirus fears and government restrictions, though it will likely be a huge positive for online retailers and delivery services.

Altogether, political turmoil, virus fear, crippling government actions, and slowing retail trade may be too much for an already frail market to handle, possibly resulting in a December like that of 2018, when a meltdown crash was averted by a phone call from Treasury Secretary Steven Mnuchin to Fed Chairman Jay Powell and his subsequent reaction.

As they say on the front lines, keep your powder dry.

At the Close, Wednesday, November 11, 2020:
Dow: 29,397.63, -23.29 (-0.08%)
NASDAQ: 11,786.43, +232.58 (+2.01%)
S&P 500: 3,572.66, +27.13 (+0.77%)
NYSE: 13,724.78, +16.79 (+0.12%)