US stocks rise on Fed rate cut cheer; "soft landing" hopes rise - HEADLINE NEWS
If the FED was determined to create a massive bubble of biblical proportions this current market is obliging. The trajectory or angle of ascent is straight up.
Now perhaps I read the data wrong? Surely the fed has figured out that inflation is dead with no chance of resurfacing. I mean the data tells them that?
Silly me, I mentioned a year ago that the strength of the economy was way too strong to allow rate cuts, but the FED dangled them for a full year now and has to put up or shut up. They just PROMISED 2 rate cuts this year! Thier confidence is astonishing. They MUST know the immediate future and it points to a soft landing with no inflation. Perhaps the PPI of .6 last month was a normal adjustment for the weaker ones in the past? Perhaps the China affect from their government stimulus will not be enough to offset the supply. Perhaps the economy of today has created a permanent deflation environment.
When do i hear a NEW NEW Paradigm. The giddy froth in the market is exactly matched by the political numbness and acceptance of the lunatic 2 term president.
BOTH seem pleased. and downright ecstatic over the prospects of regaining this country's wealth by reversing a hundred years of gains by outsiders. I can't wait for the first official act by TRUMP! He will deport MILLIONS of illegals as his storm troopers pull them out of alleyways and farms and soup kitchens. His wrath will be mighty against his enemies. He will jail and prosecute members of congress, state officials, and use the GOP power to reverse decisions on penalties against Trump and his business.
Have YOU noticed that all the BIG cases have stopped dead cold? NO? So let me ask the geniuses that are voting for the monster. If YOU were him and facing jail time and financial ruin what would YOU do as President? Would you make sure YOU never leave that office? Would you use the power of GOD to punish those that dared to go after him? Would you turn the 3 branch system into a dictatorial mechanism? I mean this fate is a GUARANTEE! More so than a Pandemic hitting US soil. I mean slam dunk 100 percent full proof guarantee.
I will be laughing my head off as the GOP sink deeper into treason as Trump aligns with Putin to DESTROY the alliance and create a police state like Russia's. Think this mad talk don't ya. Well all I know is every time I expect destruction to be unleashed on us, we get a magnitude of a nuclear bomb far exceeding my worst case scenario.
AND we are running into this wall at full speed and with free will! IT also means this stock market might actually surge thru the 2024 calendar year. It would be apropos for what awaits us. As sure as i am of our Republics demise, I am just as sure the economy plunges into the darkest black hole never to see the light of day again. I am talking about the end of our market cycle where a full generation will be brought up in a post apocalypse economic environment. Will that spill into a physical demise as well? My guess is yes. The move this year could exceed anything ever seen before or after. It could be the mother of all excesses. The P/E ratio just might exceed 40 before we crash. That would require a soft landing, rate cuts and GDP at 4%. Imagine a scenario where the best economic growth and prosperity happens at the exact moment we tun over our Republic to a dictator.
I myself HOPE and PRAY we do see 2024 Stock Marlet achieve record breaking heights in all categories. The mother and father of all blow off tops. I can dream, can't I?
