You can’t make an omelet without breaking a few eggs….I love it (and not just because I am net short). A retrace to around 40,000 would not only be warranted after the last 2 years of gains…it would be healthy…strong technical support at the 40,000 level. I love this kaos…it shakes out the weak hands…easy money…




Ignore the stock market — Wall Street dealing with painful detox from government spending addiction
So maybe try to
ignore the stock market for a bit — or take some of your gains if you’re in it. Either way, if history is any guide, the real economy that most people care about is poised to do just fine given what Trump is planning, and eventually, so will the stock market.
Think of the current US economy as a junkie weaning himself off heroin, which is never easy. It’s been addicted to the heroin of government spending — both monetary and fiscal — for so long that we are
running $2 trillion deficits when the economy is growing near 3% with low unemployment as sleepy Joe Biden spent money we didn’t have.
The Trump people tell me Biden injected as much as $250 billion into the economy in his final months to get Kamala Harris elected. Again, markets did well, but
inflation remained high throughout his presidency, a tax on the working class. Rich people didn’t care because they can speculate their way around the high
price for staples like eggs through stocks and other inflated financial assets.
Working-class folks not so much, or Harris would be president today.
Ignore the stock market -- Wall Street dealing with painful detox from government spending addiction