We’re getting down to “short strokes” ahead of next Tuesday’s election. And you might as well turn off the news now – and wait until Wednesday of next week because the “last minute slams” are coming hot & heavy.
Since the Robert Mueller fishing and hooker expedition hasn’t seemingly found anything in the way of Russian collusion, or we would have damn-sure heard about it by now, the only way to remind room-temp IQ voters of the probe has been the ‘attempted to set up Mueller’ with women making claims of a sexual nature. The story was being widely run by the “usual suspects” in the media who we view as decidedly anti-Trump: NBC. The Atlantic, and Rolling Stone.
Which part of any of this is supposed to be surprising?
We would like to believe the fairy-tale about equal justice, under the law, but we’d be pleased to change our tune should we ever want to operate a private email server here at the ranch. But, you know, it’s hard to swallow the blue pill after we read “Minority Report: Robert Mueller’s FBI Admitted They Arrested Veteran For What They Claim He Was Thinking.” Welcome to Pre-Crime – which we thought was just a movie…
Meantime, in Florida, another worthy read is “David Horowitz: Corrupt Media Reaches for ‘Racism’ as Last Resort.” Turns out, Tom Cruise was a traveler from the future in that one…
Meanwhile, the suspiciously-funded invasion caravan continues to approach the southern border. And as this unfolds, we notice how the John Birch Society was (how many times is this now?) RIGHT when they claimed decades ago that the US should NEVER have joined the United Nations. We know this why? “United Nations: Trump Must Allow Caravan Migrants into America.” THEY tell us what to do? Ex-squeeze me?
Global Socialists absolutely hate Donald Trump. He’s saying that as many as 15,000 troops may be deployed to the border…and because it’s defending an existing border, he doesn’t need “permission” for anyone to move.on the border problem.
All of which amounts to some fine reasons to switch off the news. You’re bright enough and deep-thinking enough (we hope!) to see through the last minute charges and “spectacular allegations” yet to come between now and pull my lever day next week. What follows now to then is just pulling your chain.
Please! An Economic Reality Check
All of this doesn’t mean we’re blindly supporting Trump. Far from it. But in the pre-election period, there is a LOT of Trump-bashing based on the economic data that he simply doesn’t own.
For example, when comes to spending: the president doesn’t get to “make up a budget” and spend willy-nilly. That gets decided in Congress. If you’re worried about the National Debt, replace the clown posse on the Hill.
If you’re frightened by the recent declines in the stock market, you should be. Smart investors (like us) already have our money off the table until the election is decided because we know that if democrats win either the house or senate, we will suddenly be in an economic quagmire and will suffer through two-years of recriminations and more false charges. You see, the radical left can’t admit defeat.
So we’re not surprised to read headlines today like “Tech stocks plunged in October, suffering their worst month since the 2008 recession” and “‘Godfather’ of chart analysis says damage done to the stock market is ‘much, much worse’ than anyone is talking about.”
A little post-Halloween scary? It’s a pant-load of crap. Let me share the Old Newsman’s View:
First, yes, the market is going down. I posted the Crash dates for you last week.
What would cause a crash? Split Congress comes to mind. Two years of mud.
And how far down? I’d be looking at an S&P of 2,520 before the end of November and if the after-Thanksgiving collapse goes badly, then anywhere from 1,850 down to 1,540 on the S&P is possible.
This is not financial advice, nor is it a prediction. It’s just how we read the data over on the Peoplenomics.com side of things. (It’s $40-bucks a year to subscribe…)
If it looks like a split decision, these will be logical targets following technical analysis…which is as much art as science….We will update the charts and counts of waves on Saturday for PN subscribers.
For the screaming me-me’s, though, even though we have seen some losses on Wall Street, let’s review some of the data. After all, we’re fact-based decision-,makers, right?
The Dow earlier this morning was set to open around 25,200 based on the futures prices. When Donald Trump took office, the Dow was around 20,000. Govt any other investment’s that have gained 25% in that period?
On the NASDAQ – where the liberals really are in charge – the Trump swearing in saw levels around 5,600 on tne NASDAQ Composite. Yesterday, the ^IXIC closed at 7,305.90. If it’s too early for math? That’s a 30-percent gain even AFTER the alarmist headlines line “The stock market lost nearly $2 trillion in October. Here’s what happened.”
Cry me a fricking river. Whines – damn whiners, I tell yah.
The democrats are going into the Tuesday election with no real – winnable – issues. They are aligned with the same globalist losers who have stolen freedom from the European Union and they will lead to the break-up of the global internet over socialist fire-walling – like China’s already rolled with. The European Unions GDPR – which is the closest thing to a digital shakedown as you’ll find – is going after 4 percent of firm’s global revenues if they don’t conform with labeling practices demanded by their socialists in Brussels.
Who, we might add, as so desperate for more revenue to keep their schemes afloat – that they are surrounding the Russians. Who, we remind you, lost 20-million souls in The Great War – so they don’t trust people like the Germans. Nor the Brussels Buffoons.
This is why when the Depression shows up, the Russians will be fighting (again) for their national survival and homeland in what will be a final stand against the expansion of the EU’s economic imperialism of which GDPR begins to reveal to the clear-thinking student of history. GDPR shows us how the EU is already making global claims and you bet, Vlad Putin is smart for seeing the drift. Brussels in making-up megalomaniac accounting to remain solvent. Global Highwaymen.
[BTW: If you are in Europe and don’t agree to our UrbanSurvival European User Charges, consider yourself liable to US for 79% of your global net worth!] (See how silly this is? It’s where WARS come from! Lebensclick, jawohl?)
I know…a lot to take in. But there is a bigger game afoot here in the elections. America stands or falls. Use your brain, turn off the chatter and the bullshit and vote the logic, not the hype.
To the chagrin of the election riggers, that’s not partisan, except insofar as both parties lie, but we do have data and we do have borders. Some may even have brains.
Or, at least, we used to.
Neither party “owns” the economy. They’re both crooked and have spent more than we make. And they screwed the pooch and sold the pups as they job-jacked America clean of middle income jobs and then blame one-another. Poor street theater, at best.
But that’s all the plan, you see: Hollow out the middle and pit the millions of poor against the rich.
Rather than loving and leveling, they’re dividing and deviling. Which ain’t the American way…at least it wasn’t, up to now.
Job Cut Data
Remember a minute ago, I told you 2,520 for the S&P in our view? Or much, much lower? Well, here’s the detail on the job cuts report:
“For the third time this year, one company’s announcement has made up the bulk of job cuts for one month, as U.S.-based employers announced plans to cut 75,644 jobs from their payrolls in October, according to a report released Thursday from global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc..”
Tomorrow the Federal employment numbers will be out.
On the other hand, data just out from the Labor Department shows, in our view, what happens when people turn-off social media at work: Productivity screams!
Nonfarm business sector labor productivity increased 2.2 percent during the third quarter of 2018, the U.S. Bureau of Labor Statistics reported today, as output increased 4.1 percent and hours worked
increased 1.8 percent. (All quarterly percent changes in this release are seasonally adjusted annual rates.) From the third quarter of 2017 to the third quarter of 2018, productivity increased 1.3 percent, reflecting a 3.7-percent increase in output and a 2.4-percent increase in hours worked.
Labor productivity, or output per hour, is calculated by dividing an index of real output by an index of hours worked by all persons, including employees, proprietors, and unpaid family workers.
Unit labor costs in the nonfarm business sector increased 1.2 percent in the third quarter of 2018, reflecting a 3.5-percent increase in hourly compensation and a 2.2-percent increase in labor productivity. Unit labor costs increased 1.5 percent over the last four quarters.
Nice one! See? those dropping social statistics may be good for us!
Dow futures are up 100 – as we head for that line on the charts where I’ve been telling you the market would be working toward in order to be in a “break either way” position based on election outcomes.
The break dates to watch should be around the 8th or 9th – next Thursday and Friday – in our work. If this is a bounce…well, more for subscribers this weekend.
Snippy and Quippy
With the press releases and stories like Health insurer Cigna raises forecast on tight cost control we keep wondering if Obamacare wasn’t the best payday ever for health insurance companies… Even more liberal snooze outfits are running stories like Forget ‘Repeal and Replace.’ The One Issue Unifying Americans Is Affordable Health Care but without mentioning all the lies about how it was foisted on the public by a duplicitous congress and president..
Texas storms are heading east today: Storms, possible tornado close some Mississippi schools. We had almost 2-inches in the gauge here in the East Texas Outback overnight. We knew it would be a wet one when the cat stayed in…
Moron the ‘morrow then…