Yet another all time high with S&P500 this week while Nasdaq 100 lacking behind. The stock market looks unstoppable while the FURUs out there having two extremely opposite opinions on what will happen in the coming months. We are just 2-3 weeks until US election. Historically the US stock market are more likely to pullback until the election result is in. We will see if this year the same pattern recurs.
And we also have the potential drama of election results being challenged similar to what happened back in year 2020. At this point if you still believe year 2020 election results was not manipulated, you have a mental issue. The question is how long does it takes this time to decide who is the winner.
My bet is that it will take, literally, forever. Why? All US mainstream media are paddling that Harris is actually gaining ground and is like a 50-50 bet at this point against Trump. Musk pointed out German MSMs even calling Harris is at 70% chance of winning at this point. However, third party polls and betting sites all tell a different story with Trump’s lead widening. So whatever the outcome of the election, there will be people not believing in the results, even if the election is not rigged.
Here is an interesting video of Doomberg talking about the upcoming disruption of US economy. What is explained in the video is very simple to understand. Yet, the whole world seems to be so disconnected to reality …
Lately, there are so many ads on all kinds of money making schemes from trading options to all kinds of hustles, it reminds me of Tom Vu. Here is a funny recount of his work from 1990s.
Time for something funny for a relaxed weekend.
Have a great weekend all!
