Markets are forward looking indicators. Over the past 8 years, the market kept pricing in central bank rigging, rightly so. From the BOJ to the ECB to our Fed, central banks showed a keen willingness to boost asset prices since the financial crisis in 2008 — helping reflate equities and keep Humpty Dumpty together. What Trump is talking about is totally different — a return to American greatness, something that resonates with just about all Americans — because everyone loves a fairytale.
Whether he can pull it off or not is immaterial as of today. All people care about now is the future and how bright it looks. Gone are the dreary days of being beholden to Fed speeches, listening to ugly people in bad clothes discuss our future. These new plans that Trump has outlined paints a colorful picture of an American renaissance — high paying jobs for all, affordable healthcare, strong military, strong borders — peace.
At some point in life, you start figuring out mostly everything you knew was bullshit, smoke and mirrors, parlour tricks, a delightful game of three card monte until the end. People want to believe. Trump is a superb salesman, probably the best you’ve ever seen — because you don’t see him coming. At times he sounds off the cuff, petulant, and unrehearsed — drawing jeers from professional losers. That’s likely done with purpose. You don’t see him coming, a yet here he is worth $10b and President of the United States.
The market is the sum total of hope, the expectations of the masses, an endless parry betwixt by fear and greed.
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Well said
The sad thing is we have the Democratic party that openly bashes “Wall Street” to its constituents and countless Americans, young people remain financially ignorant, while Democratic big money is smart enough to prosper in the markets.
Most Americans have no clue what to do with their money and then folks scratch their head why there is wealth inequality.
Save it. Simple
Fuck it. I believe in the myth. I remember the pamphlets they handed out in grade school.
Welcome to the side of God. Dude. Had a feeling you would see the light.
Thanks ironman. I’ve always been America first and proud to be an American. Off to get a filet-o-fish, it being Ash Wednesday and all.
God bless
Showtime is probably on suicide watch right now…
Preach on, brother
He closer to 0 billion than to 10 bruh
What I believe is that bear markets always start from new market highs. This time is not different.
I say we install Trump as permanent President.
Bankruptcy.