Small Cap Failure

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I’m actually pretty psyched about the new Trump presidency. I think he’s going to screw things up so royally, so massively, so completely, that my long-held dream of stocks going down for more than 12 minutes may actually be realized. Of course, as I’m typing this, we’re getting that ridiculous end-of-day fight-back, but I’ll take any weakness I can get.

Below is just a tiny start, but every little splinter in the woodwork helps. Suffice it to say, the poor souls who have been cheering this fellow on are going to be stabbed in the back by the same gent. Prepare for absolute mayhem in the 2018 congressional elections. We are living in an exciting moment of world history, day by day, and I think it’s going to get progressively more interesting.

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Oddly enough, the charts that look “blue chip” in terms of strength and stability are the zany ones like Amazon and Facebook (the latter of which is shown below) which have, by traditional standards, some very rich valuations (including Netflix, of course, which has a P/E that would embarrass even traders from 1999).

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