October 20, 2024 | Investors Go All-In for Trump

Wall Street has gone all-in for Trump, piling up such extravagant gains in the last few weeks that one might wonder what bold miracles investors expect of him. More likely, unfortunately, is that within a year or two of taking office, he will be overwhelmed by the collapse of a financial bubble that required only the advent of America’s promised return to greatness to set it in motion. Let’s hope Mr. Trump gets a chance to clean house first, since Washington is a rat’s nest of corruption and plots to bring down America. In the meantime, there is no arguing that the rampaging stock market has got it wrong in predicting that Harris, along with the malignant political philosophy and crackpot schemes she represents, will be overwhelmingly repudiated by voters on November 5. With a gusher of mail-in ballots already pouring in and millions of illegals ready to turn out for the Democrats, it could take weeks or longer to adjudicate the results. Regardless, Trump is riding a wave so powerful that even if the Democrats double the cheating that won them the White House in 2020, they will still come up short. Liberals should listen to Harris’s recent interview on Fox with Bret Baier to understand why she can’t possibly win. She comes across as so empty and insipid that a conservative could almost wax nostalgic for Hillary’s evil cunning and brass cojones.

‘A Small Price to Pay’

The biggest problem Trump will inherit lies in the Middle East, not Ukraine. He and Putin are neither friends nor enemies but seem to respect each other. This cannot be said of jihadis Trump must confront and what remains of their leadership. Israel has wiped out the terrorists’ command structure, and we should expect them to try desperately to settle the score, possibly once and for all. A nuclear bomb would not necessarily be the Ayatollah’s weapon of choice since it could risk killing tens or even hundreds of millions of Muslims while making the planet uninhabitable.  In the eyes of some hard-core clerics, this would be a small price to pay for extinguishing the last Jew. A biological weapon would be far easier to deploy, although the risk of accidentally annihilating humanity would be greater than with a nuclear bomb. However, if the goal of the crazies is to wipe out Jews at any cost, a bioweapon cannot be ruled out.  It’s impossible to say how Trump would react or even whether the alarmingly clueless Harris might somehow have the instincts to preserve a vestige of humanity sufficient to start civilization over again.  Any such concerns are unlikely to register on Wall Street, however. As long as there is no mushroom cloud billowing over the Battery, investors will focus raptly on the minutes of the latest FOMC meeting, even if it might be the last.

Rick Ackerman October 20th, 2024

Posted In: Rick's Picks

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