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Friday, November 6, 2020

More fuel on the fire

Before the investment talk, first about the ongoing election saga with more and more evidence towards fraud and cheating prevailing widely. 

In the last five days we've seen:

  • Multiple states stop counting votes on election night.
  • Multiple states find tens of thousands of votes that benefit Joe Biden to a degree that is statistically impossible.
  • Clear examples of dead people voting.
  • Counties in which more people voted than were registered.
  • States called for Biden when a ridiculously low percentage of votes were counted (like Virginia with only 1% in).

Regardless of whether you're a Democrat or a Republican, you cannot, with a straight face, say that this doesn't look suspicious.

Then this report:

Judicial Watch has released a comparison study of Census Bureau population statistics and state voter registration data to reveal a notable disparity. The watch dog group is now warning of potential voter fraud and "dirty" voter rolls. The study found that 352 U.S. counties in 29 states managed to have 1.8 million more registered voters than eligible voting-age citizens.

"In other words, the registration rates of those counties exceeded 100% of eligible voters. The study found eight states showing state-wide registration rates exceeding 100%: Alaska, Colorado, Maine, Maryland, Michigan, New Jersey, Rhode Island, and Vermont," reported Tom Fitton, president of the watchdog group.

As I said, use your own brain to judge, not brainwashed by others! For me, I'm confident that the justice will prevail and President Trump will win eventually in fighting with the evil force!!

Of course for the market it doesn't matter who will take over the presidency as long as there is a split congress with a gridlock. On top of that, since the left-dominated media has been universally expecting a Biden administration for the next few years, all the computer algorithm trading has factored in this prospect for now. So you have seen the big jumps in precious metals, cannabis stocks and cryptos, exactly as I have expected as well! So purely from the financial perspective, I really don't mind who wins as I can make good money either way. 

Now I see more fuel to be added onto the ongoing burning fire in the market. I'm talking about the Fed's continuous money printing policy. As we all know, currently the economy has on its way to recover from the life-threatening heart attack. Given there will be no sky-high government stimulus due to the split congress, the only needed stimulus will be coming from the Fed now. At yesterday's policy meeting, Chairman Jerome Powell said the central bank is going to provide more support. It would be increasing asset purchases in its press release. Currently, that number is $120 billion a month. That's right... a mind boggling $120 billion! How about just give me 0.1% of it and I promise you'll never hear from me again😏 Basically the Fed is dumping more gas onto the already burning fire... 

So the market has got two guarantees now: a gridlock in the government and more liquidity from the Fed! And both of them are supper bullish for the market!!  Given that, it is reasonable to believe that the market will be doing quite well moving forward as a whole but of course with volatility! Buying value assets is a great idea now. For now, the banking and energy sectors are probably the best value out there after having been beaten down so much for so long.   

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Here is the link for "DW  谈股论金": https://t.me/joinchat/SgYa_xNrjTNHk9cS51ke0A.    

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