This market should SAIL on calm waters and clear skies till Thursday at the earliest. The PCE price and Manufacturing data should start the sobering process. But I don't expect much reaction on the downside. We are in the boiler room stock tips era where economists are debating just how great this market will get.
I expect all measures of absurdity to top the 1929 peak by a wide margin. No one talks about debt anymore since a 40-year disinflation has prevented total disaster and is expected to continue. Disparity economically is already off the charts much higher than any time in the past by a large margin. The number of people in that mega wealthy group is still on average about where it was for a generation but their wealth factor capturing the bulk of the wealth once again exceeded anything ever seen before.
Think about this for a moment: We shrug off Trumps next presidency assuming he will make profits for corporations and the wealthy. They dismiss his lies, hate, bigotry, revenge motives, extortion, sedition, refusal to accept any responsibility with no contrition ever. The populace embraces him like a god. The dire warnings over global warning have already been seen as a costly mess and the voter wants to accelerate this disaster. He can be fined a trillion dollars, and they will pay for it thru a go fund me page. He can go on stage and rape a 13-year-old child all the time boasting, and the crowd will cheer him on. We shrug off the state/federal ruling stripping woman, gays, and ability to control your own body. Strip away black and minority rights that just want an even playing field. There is a frenzy of legal actions that would take us to a religious state no different than IRAN! Think this is hyperbole, think again.
ALL absurdities are converging into one big happy mass. The angry white man is a power released and they know it is their last stand. The easily duped masses can be manipulated just by promising they too can feel superior to others in their sphere of influence. Greed, legally discharging vented hate, and a promise to rid ourselves of OTHERS is so powerful that even rape is a free pass from the evangelic.
This MARKET is on F_I_R_E !!!! It will not be put out but rather burn itself up.
2024 will go down in history books. 2025 will likely go down period from the ravages of war, violence, poverty, ignorance, unrepentant sin. We should be witnessing a spectacular collapse of unimagined proportions. Not likely all in 2025 but it will be steep violent and end the year with a minimum of a 40% drop from the start of year. We will exceed on the downside SPX of 666. Not sure just how fast that occurs but I suspect something like another EVENT (Pandemic) will amplify and squeeze the timeline.
