Quote:
Originally Posted by sammyg2
I placed sell orders on 6 of my biggest mutual fund holdings this morning, dumping that $$ into money market and metals funds.
Not sure yet what I'm going to do with my bond funds.
Somebody is hell-bent on influencing an event that is scheduled for the first week of November, and they don't care who gets hurt.
I'll be watching from the sidelines.
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The upcoming midterm is creating a nervousness. Equities do not like UNCERTAINTY. Perhaps this is the reason for the retreat?????
I believe there are a lot of countervailing forces*..economic results indicate that business likes T's policies..
The American people are tired of the same old hackneyed establishment politicians and policies..ones that no longer achieve results. Thus we have had the advent of the reformer President who promises to get er done. To MAGA.
Now we have a slew of the same kind as T outside the main stream candidates of divergent ideologies become viable. Beto in Tx and Cortez in NY... they represent the same phenomena as T.
Set aside your ideological blinders..and see the similarities...
* We have the deep state bureaucracy and political establishment of both Parties that do not want to give up power being in opposition to the crass and uncouth reform minded T and his policies. What they are afraid of is his continuing popularity in being able to draw standing room only crowds...In the Federal bureaucratic beast the DOD likes T as he is willing to use American military muscle. One has to remember you do not have to be pulling a trigger to apply that muscle.