We woke up Friday to find the markets in a critical place. Bitcoin had a big fallout, the flashing lights are blinking. All the signs that we could be headed for a big fall are in effect.
But there are a few current events ongoing that the markets don’t seem to be accounting for — primarily, the tremendous dip in approval ratings the president Donald Trump has recently incurred. Trump’s support is imploding, and only getting worse as this situation with Ukraine worsens and his political leverage diminishes. Remember, markets didn’t crash in the ‘70s until Nixon’s tapes were released.
But there are other factors in play, including Joe Biden’s fall down the polls and Elizabeth Warren’s upswing in turn. There are already stories out of Wall Street about how horrified investors are of a Warren presidency. It’s only a matter of time before those types of sentiments leave an impression.
To me, the most likely scenario for the markets right now is for the markets to go down — way down — low enough that we see a final strong stimulus plan to re-boost the economy and get that final blow-off rally. The truth is Democrats are going to take over at some point, and likely in the next election. The markets will not like that…be prepared.
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PS: EXPOSED – The truth behind Australia’s ‘miracle’ economy. Click here to find out.