At the end of a national emergency proclamation initiated by Donald Trump the stock market surged two thousand something points because supposedly 'mission is accomplished ’ now where the United States government supposedly is in control where everything is going to be sunshine and rainbows from here on out.
Donald Trump of course took credit for today’s stock market rally so much that he decided to autograph a copy sending it to the political talk show host Lou Dobbs afterwards.
Of course when we compare today’s greater fools, suckers, or bear stock market rally with the last two months it really isn’t anything to brag about.
And again, this.
Bottom line is that this greater fools, suckers, and bear market rally won’t last the weekend where come Monday morning or Tuesday morning the latest it will be right back on to falling over a cliff once again. Once this happens there will be no more reversals thereafter.
Few people realize that before the 1929 stock market crash there was a momentary or temporary rise in the stock market where everybody thought things were going to be fine once again for a short period of time before it took a huge permanent nose dive afterwards. This will be a repeat but of a much greater or larger magnitude.
I’m predicting now that Monday will be a very Blue Monday to be sure. If not Monday, definitely by Tuesday.