A few weeks ago, i told my followers to watch the "confirmation hearings" for the Secretary of Defense, Head of National Security Council, the FBI, and Health and Human Services. I said if "el trumpo's pick" for either Secretary of Defense or the Head of the National Security Council get confirmed, then my best advice is to get "all the way out of the U.S. stockmarket".
I am about ready to pull the plug because i don't want to be the last one to do so. It is beginning to sound to me like the Republican Senate is going to kowtow to "el trumpo's" wishes. It will be a sad day for the United States of America and a particular sad day for the Senate of the United States of America--there is a new term for what they will likely do. It is called "jumping on the John Roberts bandwagon".
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It doesn't look like getting out will be a bad thing anyway. I just looked at how much the markets have increased since we learned that "el trumpo" was going to be our President on November 6, 2024. Here are the market figures for November 6 and the todays future markets (which are up).
DOW | S&P 500 | NASDAQ | |
Nov 6, 2024 | 43,729 | 5,929 | 20,894 |
Jan 15, 2025 | 42,782 | 5,884 | 20,926 |
Percent Change | (2.17%) | (0.76%) | 0.20% |
More than two-months of knowing the big "el trumpo" economic miracle is coming and guess what the markets are down from where they were when we first learned that we were getting our "Great Leader" back to lead us even better than he led us before!
Oh, I spoke out of turn. The Nasdaq is actually up over the last sixty plus days. Thank god, for Elon Musk, his private equity fund called Space-X, and Tesla (which is up 37.26%. Go figure.
Based upon the current evidence, i am beginning to think it might be wise to get out regardless of the confirmation hearings.
Just the same, i think i will wait a few more days. I don't think things will change much before then. After all, they haven't changed much in the last sixty plus days.
But look out, all hell could break lose very, very soon, and very, very, quickly. Don't get suckered in like the "old republicans" have. El trumpo is not the second coming.