If there’s one thing we’ve learned in this sordid business of terrorism is that it’s good for stocks. Wall Street loves a good death count by way of terror. It ensures the military industrial complex remains relevant.
One thing of note this morning, aside from cognitive dissonance and the Berlin terrorist still on the loose, is the strong dollar — higher by about 0.5%.
The dollar index is at 2003 levels and doesn’t appear to be stalling out. There are two notable periods when the dollar ran like this, late 90s and the Reagan years, both great periods for stocks, sans the fucking crashes of 2000 and 1987.
The machines simply want Dow 20,000. There isn’t a radical Islamic terrorist in the world that can stop it.
ISIS is powerless to the intutitive algorithms that walk markets higher on a daily basis.
This week I’ll be selling my gold stocks. They were fucking retarded. I’ll be formulating a new GARP portfolio for the first half of 2017 and allocating the gold assets there.
Expect higher markets and stronger commodities, in spite of dollar virility. When I say commodities, I mainly mean crude. No one is buying gold, literally no one.
As long as the 2-10 yield curve is 130+ basis points, banks are a screaming buy. And, lastly, Santa Claus is coming. It’s hard to bet against that backdrop, while inebriated off Grandma’s eggnog.
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I need to find an alternative to this AWFUL CNBC… They were talking about Berlin & Turkey terror attacks this morning… they spoke vaguely of ‘nationalism’ Cramer spoke of how safe he used to feel in Germany etc etc… but of COURSE they avoided SO CAREFULLY saying the ‘I’ word.
Hey, MORONS, it’s RADICAL ISLAMIC TERROR! NAME it! REPORT THE facts! Stop this “fake news” scam Wake the FUCK up!
In fact, I don’t think I even heard them call them TERROR attacks!
Wait until our new President starts calling it what it is. Where are they going to sweep under the rug the words Islamic Terrorist from his briefings? Maybe they will bleep them. LOL
Unless the ‘PC’ crowd whispers in Trump’s ear “No, Mr. President, we mustn’t call it Islamic terror”
I hope the new President Trump is strong enough to tell the ‘PC’ elite to go and stick it! It’s bad enough when Islamic terror murders innocents, but it is yet another evil when it is ‘hushed up’ for the sake of being PC.
The PC crowd has blood on their hands. They are more insidious then the perpetrators themselves.
I’m inclined to sell dollars here. We have a large technical divergence, and what appears to be stalling out in the mid $103s. Throw a stop on above $104. I think we can see $101.50s