Close Your Eyes And Buy.
It was another absolutely crazy day on the political front in the U.S. and you know what that means: record high stock prices!
And to let Trump tell it, we're headed inexorably higher if you'll just let him cut taxes for himself for middle America:
Wall Street shook off some of the craziest shenanigans yet out of Trump's Twitter feed and also ignored the rather glaring discrepancy between what the Fed seems to be saying about inflation and the fact they are sticking to the near-term rate p
‘Close Your Eyes And Buy.’
RE: ain’t that the truth.
“Cut taxes for (himself) middle America.” lol
No, those stink-bomb US stocks are really DOWN yet again – like they’ve been tumbling all year – in terms of almost every currency on earth except for the garbage US dollar, worst & weakest currency in the world.
US stocks gained a meagre one-tenth of one percent today, while the dollar lost another half-cent today, down again to make it 5 consecutive days of losses.
That means that US stocks actually LOST 0.4% today for 96% of humanity outside the US. The dollar is set to close today below a crucial support level, which thus portends another massive crash in the dollar even worse than its previous 20% collapse in the first 8 months of this year.
As I’ve preached all year, SELL ALL US ASSETS! Indeed, they have fallen all year and are worst in the world.
Instead buy eastern Asia or even dysfunctional Europe. Many Asian funds & indexes are now up 70+% this year, with currencies up another 20-35%, so effectively a double in terms of POS dollars. Clearly, the future is Asia (and so is the present).
https://www.bloomberg.com/news/articles/2017-10-10/is-gold-really-a-good-hedge
Well lets go to the hedge, no hedge crowd.
Yep, gold’s rep as a hedge against inflation is rather bogus. It’s not a hedge against a market meltdown either, as gold drops when everything else is crashing. Gold is perhaps a hedge against government collapse. But that’s not in the cards anytime soon. Neither is a market meltdown, imho.
As I posted recently, buy any bitcoin pullback as it’s going to new highs based on the chart. Very impressive recovery from the sell-off. Wish I’d bought more at $3000 last month. Will be a double within weeks.
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