One other observation. Using the current trajectory from the recent rise in the DOW it should hit it's old highs at the end of this year. In one and a half month during the biggest holiday season? Slam dunk! Not only is December usually a good month but coming off a huge drop it should easily make that double top.
Think about this. the earnings projections got dropped big time just last week. The rally that started is going into a seasonality that is bullish. A massive 9 billion dollar debacle overnight where big players that backed FTX are reeling from the loss. The darling most speculative most popular investment in a generation went from nothing to 66K and now at 16K and dropping. This as we have a huge spike move in all stocks. This as everyone, I mean everyone has declared a huge move up is happening and will make December a very happy investment month.
Trump went from the leader of his party declaring fascism in style as his GOP minions followed him like lap dogs. he disrupted all branches of government and all government departments. He placed incompetent ruthless lawless Judges with false pretense and lying to congress to achieve their goals on the 11th hour. He managed to overturn the rights of woman as if the discussion of black slavery was still on the table.
And now? Not a single GOP is using the trump playbook. I guess fascism has fallen into a lull till someone else revives it.
All thru this no politician, journalist, business leader has been so alarmed by this dismantling of our republic to a point where it has been normalized as just a phase. And the biggest bear market to be has already been declared over for now. A time out! Normalizing the absurd. Not even a blink over the Crypto fallacy being exposed. or the slinking back into a primordial mud by Trump.
We accepted such extremes numbed and unresponsive. Zombies to it all.
If no firework happen next week we should sail thru the holidays in blissful happiness. Betting the moon we reach it by then.
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