Friday, July 31, 2020

i hear Hurricanes a blowing

I know the end is coming soon
I fear rivers over flowing
I hear the voice of rage and ruin ( Fogarty)


well, i have been talking about this for a while......i'm not sure when the right time to go all cash is, but it's getting close......forgetting sides for a moment....the one thing the market hates is uncertainty, instability and the unknown ( it's really all the same one thing) , and mail in voting is ensuring that the election will be ripe with fraud and even worse...accusations and suspicion of fraud....that means that we will most certainly NOT know the winner of the Presidential election on Weds Nov 5........this election will be contested by both sides in different states......the counting of paper ballots will drag on for weeks.......leading to recounts.......lawsuits....protests....riots....demonstrations......lootin ( any excuse to get free shit)...and general public discontent that will make the George Floyd bullshit look like a picnic.....let's face it, anyone whoever thought of rioting and destroying property has become emboldened by the lack of response from Law Enforcement, they are convinced they can get away with anything....and for the moment they are correct......this will probably drag into December and eventually make its way to the Supreme Court.......the market has persevered the China Virus....mainly because with 0% interest there is no real alternative....but a contested election will throw the markets into a freefall......

that being said.....i think there will be volatile days in September.....and probably some big up days even as late as October.... but me personally, i have already started to slide and rebalance into very low risk investments......i don't want to have sleepless nights in November/December......i hope i'm wrong....i hope the market stays up and steady through year end....but i am willing to forego some significant gains in order to eliminate the possibility of significant losses.........i'll go back to the market most likely in January....and i am not selling all of my blue chippers in my personal IRA....but my 401K i am turning into a zero game for the last quarter......no gain, no loss, little int....but i know on January 1...i will have the same amount i has on colombus day......food for thought........Let's HOPE i am wrong

Hope you got your things together
Hope you are quite prepared to die
Looks like we're in for nasty weather
One eye is taken for an eye

2 comments:

alvarez said...

for the record, election day is tuesday november 3rd...so I think you mean wednesday november 4th...and of course, there is always the chance this blog is a deep state psych ops ruse, so you are luring the dimwitted lefties who read this into thinking election day is the 4th and eliminate their votes...

I'm leaning to the investing advice from another famous wall street prognosticator, MOJO -

...woke up this morning, and got myself a beer...the future's uncertain, the end is always near...

buy booze stocks! it's 5 o'clock somewhere...CHRIS!!!!

Anonymous said...

Screw it! when the shit hits the fan, you won't need any money only lawyers and drugs!