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So……anything going on tonight? Seriously, though, my right hand is continuing to kill me, so I’m not exactly in the mood to type. You good folks can follow the election and gab about it, which is going to keep all of us busy through the night. It should be an interesting evening!
Thank Jesus in heaven, this goddamned election is almost over.
While walking through downtown Palo Alto yesterday, I saw a man dressed up as Uncle Sam holding up a big handwritten sign that was obviously pro-Trump, anti-Hillary. I assure you, this is the first such thing I’ve seen in the Bay Area. Indeed, I haven’t seen one – – not ONE – – Trump sign in town. Even those who secretly support him are too afraid of being ostracized.
Another man was in Uncle Sam’s face, telling him with a smirk that violence is the only thing Trump supporters understood. I didn’t get close enough to hear what was going on, but they were arguing with one another at length. The whole thing made me sad for them, and sad for this once-proud country of ours.
This election between two totally shitball candidates – – one of them, an ungodly corrupt, amoral human who touts her lack of a dick as her principal qualification, and the other a hypersensitive megalomaniac man-child who fancies himself a genius businessman but simply is a grown-up rich kid – – is nothing short of embarrassing for this country. The next four years are going to suck. I wouldn’t be that surprised if we wind up with a president named “Timothy” before the year 2020.
The market has been very readable since before Brexit. It was over bearish and due for a post-Brexit rally 
. It was due for a drop to test major support , but amid last week’s highly broadcast 9 straight down days and the renewed Clinton email scare, it was due for a bounce from over bearish status . However, this is not the end of the story. We remain on a test of major support unless certain upside resistance parameters are taken out. Beyond this highly volatile phase, we are likely either going to confirm major support and potentially break out to new highs or a bear market will ensue.
Figuring prominently in the short-term is the US election. Here is NFTRH 420’s weigh-in on something I almost never want to comment on but did in this week’s report, given Donald Trump’s ‘overbought’ status last week.
The Presidential Cycle (graphic sources: FactSet.com) (more…)
So here we are. In just a few days, we will be in the thick of election day, and by Tuesday evening, we should have a good idea as to what the next four years are going to be like.
I started off this year with a post about the election, and I’ve written about it from time to time since then. The entire post can be summarized with its closing line: “It’s as simple as that. Status Quo means Hillary. Financial Mayhem means Bernie. Fear means Trump.”
Unfortunately, we didn’t get financial mayhem, so Bernie’s out of the picture. As some of you know, this saddened me greatly, because the country at last had a chance at a truly moral leader. His endorsement of Clinton now baffles me, considering the disgusting behavior that the DNC took toward destroying him, but I suppose his reasoning is the same as 90% of Clinton’s supporters (“He’s not Trump”), so………shrug.
