- Howie Town
- Posts
- Donald Trump Takes Credit for Stock Market Rally...Please Sell Something
Donald Trump Takes Credit for Stock Market Rally...Please Sell Something
Howard Lindzon
December 08, 2016
We are near some sort of crisis.
I would love to be wrong.
The melt up we are seeing in stocks is wonderful. I love it. I am #winning.
Even better, Donald Trump sold all his stocks in June of this year so he is NOT #winning.
Yesterday, Trump told Time Magazine that he hopes he’s judged based on what the stock market has done since he won the election. Trump says stupid things all day and while this is stupid too, it is extra scary because he’s the President and there is a very good chance stocks will also have a bear market during the next four years.
The truth is Obama got bullish on stocks in early March 2009. I can’t remember him taking credit for that great buy call. If you think I am biased, take this from my friend ‘The Fly‘ who called Trump winning this early and not some ‘fan’ of Obama:
Pardon me if I view this entire rally with some skepticism, but I was paying attention to the rhetoric coming out of Wall Street and the globalist elite regarding Trump for the past year. They do not like him, and vice versa.
Understand something, this ‘Trump Rally’ that is being celebrated will go down in the history books as Obama’s. After all, the stats will register under his term and future generations will revere him for being the single best President the stock market ever had. His advantage was that Bush f**king destroyed the damned thing into 10,000 pieces before he got it, so all he had to do was golf all day, order some drone strikes, and watch his bailouts reflate America back to its former glory.
The market is being jacked up to bubble levels before Trump gets in, making it harder for him to finance fiscal stimulus — because yields are blowing out. Am I the only one in the world seeing this? What in the f**k is going on?
There’s also a 100% chance that the strong dollar will wreak havoc on American exporters. Remember that shit, f**ked face? Strong dollars aren’t good for exporters, economics 101. By my vantage point, there’s a better than average chance the rug will be pulled after his inauguration — effectively tying his hands and keeping him busy trying to plug holes — placing his anti-globalist plans on hold, indefinitely.
To put his sickness and delusion in perspective, here is a chart of the S&P for the last 100 years. He thinks the last THREE weeks has made America great again:
$SPY The (really) big picture. S&P in the past 100 years.
— Jay (@IvyLeagueLlama) Dec. 8 at 12:23 PM
The slickest of CEO’s are heading over to kiss Trump’s ring. Everyone is pimping stocks and Trump is the stooge just playing along. Yesterday it was Masa from Softbank pimping Sprint. AT&T and Verizon are so far up his ass that I have doubled my mobile data budget for 2017.
It’s nice to be small enough to follow the trend higher and notch some wins to offset the cost of the water damage to my home from the ice caps melting.
It seems obvious that they (institutions) sell the inauguration at this point, but the obvious rarely happens in the stock market.
Reply