As one of the few people left in this country willing to tell the truth, or at least see it plainly, my prediction was that the mega-rally in crypto on Friday wasn’t the LFG moment that the mouth-breathing, knuckle-dragging crypto freaks wanted.
Instead, I stated it would bounce to about $73,000 and then reverse. Well, the futures of /BTC opened Sunday with /BTC spiking to 72,760 instantly, and they’ve been slowly bleeding ever since. I’ll refrain from too many I-told-ya-so’s until it cracks $60,000 and commences its death spiral. Weakness in crypto will be of aid to the two equity bears left on the planet (which is me and one other person reading this).
The big international financial news is the resounding election victory of Japanese Prime Minister Sanae Takaichi, whom Trump considers a very close friend and ally. Of course, the millisecond she didn’t do his bidding, he would probably say God-knows-what about her (and her physical features, surely), but for now, she’s professing love for him and vice versa.
When you compare the national currencies, however, the love is only going one way: Japan’s. The USD/JPY is falling fast on the heels of this election.
The press is running around screeching about how the Japanese stock market is exploding higher on the news, but I think they only watched for a few minutes. Yes, it did pop massively, but it’s pushed into the red now.
As for our own market, it’s all about fifty-kay, fifty-kay, fifty-kay on the Dow.
Indeed, your favorite child diddler and inexplicable hero has tethered his untarnished reputation on the Dow (and, he often mentions, 401(k)s) and has once AGAIN stated that the Dow is going to 100,000. I can’t overstate how much I love this. It is the absolutely PERFECT thing to say before a wipeout. Keep bragging, Sir! This prediction is going to haunt you (until you blame it on Biden).
I have no doubt he imagines he’ll make the Dow DOUBLE in three years, because in the mind of this unforgivable malignant narcissist, he knows MORE about ANYTHING than ANYONE. You can hear it from his own pretty little mouth. Watch this, if you dare to challenge your indefatigable affection for the guy.
