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Perfect Storm

It wouldn't be a stretch to say that things "fell apart" on Monday for US markets. "Perfect storm" comes to mind, even as tech managed to claw back losses. Although election jitters were rampant prior to Ruth Bader Ginsburg’s death, her passing opens the door to a fearsome partisan battle -- and so much more. As Alexandria Ocasio-Cortez made clear in remarks delivered in Brooklyn Sunday, an epoch-making election became immeasurably more existential on Friday evening, assuming the existential admits of degrees. "This is our entire livelihood that could be shaped by the next 60 or so days", Ocasio-Cortez said.  "Our reproductive rights are on the line. Our labor rights are on the line. Our right to health care is on the line". She's not wrong. And, in separate remarks to The New York Times (which themselves echoed a lengthy Instagram post), Ocasio-Cortez emphasized how tragic it is that Ginsburg’s final days were spent pondering the gravity of her own death for the country she dedicated her life to serving. "My mind keeps going back to how her final moments were preoccupied with that, not taking stock", she said, referencing Ginsburg's "fervent" last wish. "That took away, f
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3 comments on “Perfect Storm

  1. Alex says:

    Kudlow strikes again! What a putz.

    • Ron Lindhart says:

      People are definitely getting the impression that the Administration, and about 1/3 of the states, have “thrown in the towel” on COVID19 and are solely betting on the arrival of a vaccine to get us back to whatever ‘normal’ is. The interim period will be one of substandard economic performance plus many more unnecessary deaths. And, of course, disease survivors with heart and lung damage.

      • jyl says:

        Ginsberg -> political fight -> less chance of stimulus. Azar -> FDA politicized -> less acceptance of vaccine. Trump -> crazy -> more chance of election crisis. Plus Sept & Oct -> seasonally bad for stocks. And maybe RH’er have learned about puts.

        That said, if election doesn’t end in a existential crisis for USA , and vaccines are credibly approved, we could see a heck of a year end rally.

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