Yup the big Mnuchin prop-up.

I've been playing that since the bottom of the Covid waterfall.

See, they literally HAVE to do anything they can to keep that market propped up. If it falls, Trump has no chance. So by hook or by crook, this admin is going to hold that market up- Trump's life literally depends on it. He knows he's probably going to jail if he loses the election, and if the market drops, he's losing for sure.

So I've been riding that prop-up the whole time, working great. I was thinking I would get out a week or two before the election- because it's going to drop no matter who wins.

But recently I decided I'm going to play it safer and get out sometime in October because there's a possibility that we could have a big Covid spike as the weather cools down + kids back in school, etc- and it might cause a drop despite Don's team of manipulators doing all they can.

Also when the market drops super hard and fast like in Feb, it will usually over-correct, which is what we are getting into now. You can see by the market volume that nothing going on now has any weight to it. It's just drifting upward slowly, and anything with real volume can upset it.

Oh yeah, the take away from all this is that FK knows nothing about the markets and is completely wrong as usual if he thinks it is some kind of indicator that Trump will win the election.



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Zzzzzzz.. Zzzzzzz.. Braaaaaapp!

Zzzzzzzzzzzzzz....

Edited: 08/29/2020 at 03:06 PM by fishkller