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BA Deere
Honored Advisor

The market says Trump re elected.

You can tout Ron Silver, 5:38,  Gallup, and all those polls, but those who are risking their money say "4 more years!" .

https://www.rushlimbaugh.com/daily/2020/06/03/the-markets-are-shrugging-everything-off-and-thats-sig...  

 

CALLER: Thanks, Rush. Thank you for everything you do. A quick follow-up question regarding you talking about California and New York, and what I can imagine gonna be a large exodus of both people and businesses. How much less are both New York and California now going to be needed for a strong economic recovery, do you think?

RUSH: You know, I just… (chuckling) Here’s the thing about this. I was of the belief that they were gonna be needed. But I’ve got some people who have written me saying, “We’re not gonna need ’em. They’re already dead and defunct. I mean, who wants to live in a place that’s got barbed wire protecting Saks Fifth Avenue? Who’s gonna pay exorbitant rents when you don’t have to anymore?

“You don’t have to live in New York to work in New York, as telecommuting has shown.” I’m still not convinced. I think New York and California are… They’re a large part of the U.S. economy. The thing is, I don’t know how they rebound. The governor of New York is obviously not even interested in it. 

The mayor of New York City is obviously not interested in an economic rebound. Their objectives — their political objectives — do not require New York to reopen. This is why I keep saying today that it matters who you vote for, and if you want to get an idea of where this country is headed if Donald Trump’s not president after election night this coming November, take a look at New York.

This is where we are headed. Everything we believe in is gonna be in flames, folks, not just New York and not just California and not just parts of Minnesota. Everything you and I believe in is gonna be in flames if the Democrats win. That’s the objective. In fact, let me give you another perspective on this. Have you seen the stock market? Let me check.

NASDAQ’s up 74, so that means the Dow Jones is gonna be up too. Let me see if I can get the number real quick here. Last time it was plus 260, plus 490. Now it’s almost up 500. How in hell can that be? Can somebody explain that to me? With New York shut down, with New York being looted, with Minnesota being looted…?

With California — the wealthy enclave areas of California: Santa Monica, Brentwood, parts of Beverly Hills, Rodeo Drive — being burned down, being looted, how in the hell can the market be up 500? Well, I’ll tell you one of the reasons: They have to be shrugging this stuff off. The markets are obviously not paying attention to the media.

If the markets were paying attention to the media they’d be getting out of everything. They’d be scared to death. They’d be selling short. They’d be selling positions. But they’re not doing that. The investors are still investing. Let me get the number again. Got up 500. We’re over 26,000, 26,235. Market up 493. And it’s bouncing back and forth. So we’ve passed the 26,000 mark. Somebody explain this to me. You don’t have to explain it to me. I can explain it to me. I can explain it to you.

The market is who? The market’s you and me. The market’s investors. There are institutional investors; there computer-driven investors. Whatever. They’re able to shrug off all this BS. It’s like they’re taking my advice to the caller, Anna, earlier and not even paying attention to the media. Look. They shrugged off the China flu too. After a while the market started rebounding when the bottom did not fall out after the China flu.

Now we have massive looting, not far from Wall Street, in fact. We have massive looting and riots, which are being presented as peaceful protests. Yes, you know that, right? There’s peaceful protests. In fact, it’s a minority of people. There’s really no violence or rioting going on. There’s stories to that extent out there. The Drive-By Media is actually trying to say it’s all peaceful and that the only militant protests are being conducted by white supremacists. Well, whatever ***** and bull the media is reporting, it’s obvious that Wall Street or the markets are ignoring it.

And I think it’s only because the economy was so damn solid. The economy had a cushion built in because of Trump’s rapid growth. Look at the rebound. In the midst of all of this, we’re down to 22 — we’re now back up to 26 and climbing only because the economy was so damn solid and only because the markets continue to be optimistic about this country, is this possible.

10 Replies
cmilligan1958g
Senior Contributor

Re: The market says Trump re elected.

I heard that yesterday and he is 100% spot on correct, as usual.  America is leaving Marxist enclaves in the dust and moving on without them. 

sam1wiseone
Senior Contributor

Re: The market says Trump re elected.

Don't know what the future holds BA,  but I think it's pretty clear that there is nothing the progs won't do to regain power.    They've decided chaos is the route they'll take and I'd expect it to just get worse.

cmilligan1958g
Senior Contributor

Re: The market says Trump re elected.


@sam1wiseone wrote:

Don't know what the future holds BA,  but I think it's pretty clear that there is nothing the progs won't do to regain power.    They've decided chaos is the route they'll take and I'd expect it to just get worse.


The sooner that a majority of Americans come to the conclusion that the Leftists are truly the enemy, that must be defeated, the quicker they become powerless. 

BA Deere
Honored Advisor

Re: The market says Trump re elected.

As we get closer to the election, watch the markets because if it looks like Democrats do well it will sell off because Biden will have to roll back pro-business policies.   It`s like in the middle of a drought and you click on the radio and "corn is down 20¢" you can bet when they report the weather, large areas of rain is predicted...it`s just that the market got the information first.

I`m guessing that we never go back to 3% unemployment again? However to be very honest were some of those jobs "make work jobs",  government incentivized and such.  Perhaps the larger economy won`t miss them. 

 

sdholloway56
Senior Advisor

Re: The market says Trump re elected.

Same folks who are betting on the stock market with 25 pct unemployment and a minus 50 quarterly GDP print coming, I guess.

jennys_mn
Veteran Advisor

Re: The market says Trump re elected.

These are the guys that were crying on here, everyday bitching about the Obama stock market, and how fake it was.  

And now here they are - praising a stock market and how great it is!!   I won’t touch this market with a 10 foot pole.  I may miss the big run up - but I still have my money...

Jen

sam1wiseone
Senior Contributor

Re: The market says Trump re elected.


@jennys_mn wrote:

These are the guys that were crying on here, everyday bitching about the Obama stock market, and how fake it was.  

And now here they are - praising a stock market and how great it is!!   I won’t touch this market with a 10 foot pole.  I may miss the big run up - but I still have my money...

Jen


A person needs to be nimble, yes.

jennys_mn
Veteran Advisor

Re: The market says Trump re elected.

Huh  - you guys really are a corrupt bunch - Trump has taught his lessons to you well.

Jen

sdholloway56
Senior Advisor

Re: The market says Trump re elected.

As far as the various brands of fig leaves that were covering their authoritarianism.....