g'morning MacFly. yep,....its already set in motion. we have had no interest rate hike for 8 years which already created the damage. unless Trump goes after the real problems and begin to solve them this market is toast. other countries will begin selling US Treasuries and it will more than weaken the dollar, it will devastate it. (see below)
so i expect to see a surge up in the markets(for a short time) then a correction,..another surge up,..then a more grandeous correction (300-700 points) JMHO
...According to figures released by the Treasury Department on Wednesday evening, China's holdings of U.S. government bonds fell $66 billion in November to $1.05 trillion. It is the sixth straight month that China has reduced its exposure to U.S. Treasuries.
Since May, the value of China's Treasury holdings has dropped by nearly $195 billion. Japan passed China in October to become the largest foreign owner of U.S. debt.
But Japan has leaped ahead of China only by default. Japan too cut back on its Treasury holdings in November, reducing them by $23.3 billion to about $1.11 trillion.
This is the fourth straight month that Japan has pulled back on U.S. debt. It has cut its holdings by $46 billion since July....
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most of what Trump will be doing is eliminating legislation that Obama put in motion but did not have Congress's ratification,..which means 75% of what Obama submitted as legislation is not law so it can be voted down,..which it is.
but this means if Trump is doing this type of 'repairs' on the particular policies and legislation he not not going after the real problems,...
the fiat currency system we are under and the outrageous expense we have with 37% of our GDP going to Medicare/Medicade,...sickness.
invest at your own risk, based on your own due diligence, at your own risk tolerance
