Everyone enjoying this thrilling market as much as I am? Yeah, I thought so.
My main focus is the small caps, by way of the /RTY futures. As you can see here, it is absolutely devoid of direction, jerked hither and thither by nothing more than the mewing of politicians on either side about how much they’re going to stimulate the voters. It’s pathetic.
I always find it strange when a company that makes one thing can actually be gargantuan. Here’s one that I stumbled upon this morning: WD-40. It is at a lifetime high, and through the decades it has basically done nothing but go up.
Not sure how many of you saw (or listened to) Bill Burr’s SNL monologue last weekend, but, not surprisingly, he did a great job. Bill is one of the best comedians of our age, and below is a video that does a nice blending of his words with all the blowback that happened on social media. These are the times we live in, folks!
I think I’ve been doing quite a good job sidestepping politics, as I pledged to do months ago. This post is not a departure from that. Don’t let the title fool you. This is a thought exercise and not an attack on the guy.
There are a gazillion possibilities about what’s going to happen on November 3rd and, far more important, November 4th forward. I’d like us to consider one possibility and what it might mean for the market. And I want to stress again, since I know a few of you are just bonkers about the guy, this isn’t a dig on the current POTUS but is an attempt at an objective mental exercise.
Having laid out sufficient preambles, I’ll offer this possibility: let’s say Trump loses and loses bad enough that he doesn’t really fight it. Let’s just say it’s quite evident that it’s time to hang it up, and he’s a one-termer.
Note from Tim: I was absolutely thrilled to get word from Scott a few days ago that he was returning to Slope! He has generously proposed contributing articles, which is terrific. During a rare international trip last August, Scott and I made arrangements to meet one another, but unfortunately we never connected. In any case, welcome back to the baddest bad-ass out there!
For those of you too young to remember me, allow me to re-introduce myself.