It is a festive start to the holiday season, unless your a die hard Democrat. Then your world has been turned upside down especially with “Mad Dog ” Mattis the likely pick for defense secretary!
But things are never as bad as they seem and in six months the bitter divisions of the election season will be past us with new bitterness being fostered by our politicians and the mainstream media.
That’s the way the world works and I doubt it’s going to change anytime soon. So the best way to deal with it , unless you are a radical revolutionary, is to filter out the noise and make money in the markets.
Bitterness and division create untold investing opportunities. Just ask Soros, who I am quite confident has made huge sums on the divisiveness of our country. Get your mind right and you also can take advantage of the “fear and greed” movements that will carry markets to tradable extremes.
Right now we are in blastoff mode as a result of low-interest rates, along with a change from strangling regulations and taxes to what appears to be so far the exact opposite. That will not be bad for the markets, at least at first.
Take it a day at a time, keep up on the news, and anticipate what the markets will do as a contrarian rather than going with the herd.
The biggest thing I can see right now in the news is the idea that Clinton might contest the presidential election as a result of “irregularities” found by university computer analysts. My guess is this would not be made public if the decision had not already been made to contest the election.
This has the potential if it picks up steam to send the markets into a tailspin. Maybe freefall would be more like it.Seems like Podesta is on the bandwagon so we will see.
In the markets, there is always something to worry about. But this one is a big one if it develops. And if it does develop perhaps Chris Wallace should consider resigning from Fox News as he really went after Trump about accepting the results of the election but not a word to Clinton or any of the Clinton people on the same topic.
Enough rambling for this morning.
I am long and looking to get longer today if opportunities arise. Nothing triggered yesterday for a breakout trade but I have my eyes on several stocks this morning
Spy is off about 1/5% 20 min before the pen . with QQQ down about the same. Biotech is off 2.5% and GS and DM are about unchanged. So it should not be too bad today and very likely we get a reversal to the upside with Thanksgiving tomorrow.
If you want to follow some of my trades along with my thoughts typically given after the open you can go to @rickjswings. It’s my private twitter feed for the stock market and its free. Sports Handicapping is the subscription-based part of this site. But considering the cost of joining it’s almost free:)
Good Luck Today
RickJ
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