Originally published by Chamber of Merchants
If you’re a fan of Seinfeld, as I am, you will be familiar with the term Bizarro World which is the exact opposite of something. For example up is down; down is up. He says “Hello” when he leaves, “Goodbye” when he arrives. What a great show that was!
So I was watching Trump’s speech to congress yesterday, and apart from the boredom after 30 minutes of the same spiel, he really didn’t say anything new. It was the same old talk promising the same things, with no plans on how he will achieve anything, and lets be honest he really hasn’t achieved anything yet. The one take away I got from the video was that the 2 sides of congress seem deeply divided. Most of the time when the Republicans stood up and cheered, the Democrats sat on their asses with sad looks on their faces.
Does this look like a congress that will unite and pass the laws that will improve the country? I bet those on the left would rather see their country burn than see Trump succeed.
And yet everyone is celebrating as if the messiah himself has already saved the world. Markets ripped higher again, the DOW currently up 1.5% and 320 points blowing past 21,000. This reminds me of the great bull run in silver during 2011, it just kept going higher day after day… until it didn’t. Where this will all end is anyone’s guess, but once reality sets in… just imagine how far the markets have to fall. We are talking a 3,200 point drop in the Dow Jones Industrial Average just to bring us back to when Trump was elected, what the machines and the Fed do at that point is anyone’s guess.
We are living in extraordinary times, and what I believe is the biggest bubble in history, when will it change direction is anyone’s guess. But it’s sure to happen fast and sharp, just waiting for that pin.
| The Speculator