Well, well, well.
What a coincidence.
Joe Biden must have down somthing great for the economy yesterday, huh?
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That’s all find and dandy…but I really want to see major improvement on mainstreet.
That’s where Trump and new republicans party is going to be judged IMO.
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I know. So do I.
But recently a number of forums libs have been bragging that Joe Biden policies have caused the stock market to soar
- and that is making them wealthy
- and that indicates the eocnomy is strong
- etc. etc.
I am wondering if their opinions have evolved.
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Yeah, I saw that. Bragging how Biden made em rich. 
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My outlook has not changed.
The economy is in trouble.
There is still so much leftover COVID money floating around the numbers won’t indicate that right away.
I blame the Fed and I don’t think anything Donald Trump will do is likely to change the inevitable.
Cheap money policy creates a phony boom. The boom ends in a real bust.
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But only until Jan 21st
I am kidding! 
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Not rich but my stock portfolio is up bigly!
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The media coverage will definitely change now.
Yesterday the economy was great and we were all just too stupid to know it.
In a few weeks the media will tell you about the following three things (especially if they can develop a narrative that blames the private sector,)
Thing1)
Thing 2)
Thing 3)
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Good news!(?)
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The truth is:
We need Republican victories once in a while.
It is the only way the media will tell people the truth about the economy.
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Not so good for us with a balanced 401k portfolio. A 2% to 3% 401k increase would have been really nice. But unfortunately, the 10-year Treasury yield was up considerably as well, with my portfolio mixture heavy with bonds (I’m being very conservative with my retirement portfolio). The treasury yield increase tanked my bonds, significantly reducing my gains. Grrrrrrrrrr… 
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The Fed keeps trying to cut rates, and the market keeps insisting
“I’m not gonna lend anyone money for those crappy low rates.”
One commonly used term to descrive it is “bond vigilantes.”
A more severe one, one I don’t think I’ve heard since May or so is “Bond auction failure.”
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There is something in that statement that rings true for sure.
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Oh, here is a two-day chart of the S&P 500 (red)
and a chart of the Russell 2000 (small caps) (blue.)
As far as I know
- Two days ago, the Russell 2000 companies had crappy earnings, 40+% of then earned zero or negative (Trailing Twelve Months).
- Today, the Russell 2000 companies have crappy earnings, 40+% of then earned zero or negative (Trailing Twelve Months).
Nothing substantial about the companies changed, yet one group rose 3.85% in two days, the other rose 7.78% in two days.
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Now you will hear them say how gains in the Market overwhelming favor the top 1-10%!
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The (nonfinancial) news hacks are already calling it a Santa Claus rally, reminding us that it always happens, and anyone who says it is about Trump is wrong.
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Did we hit another new all-time high today?
Yeah In think we did.
Man! Whatever Joe Biden did to cause this, he should have done it sooner!
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