fantasycurse42
Footballguy Jr.
I think the gridlock is good - the herd thinks the Republican sweep equals a rally... I learned a lesson in 11/2016 about how accurate the herd usually is on the heels of politics. Find me one person who was bearish gold if Trump won (Almost any analyst I covered had gold going to like $1,500 or $2,000 on a Trump win). Here are gold prices from that election http://www.pmbull.com/gold-price/november-2016/ - Opened the month at $1,290, spiked to $1,335 when Trump won, finished the month at $1,173, huge moves for gold. Market will overreact one way or the other Wednesday, I wouldn't read much into it... It'll take a few days to figure out what the markets are really sniffing out.Maybe it is wishful thinking but I am hoping the blue wave crashes all over our Orange leader and his party tomorrow. In reality, the Dems will take the house but the Republicans will keep the Senate. I've been saying all along that when Mueller reports or when the midterms ding Trump, the markets will buckle as their sugar daddy will be closer to the exit door. I expect the markets to behave poorly on Wednesday (another reason to short CMG).
I've moved a lot of retirement money into gold, real estate, a staples ETF, and baked beans for my bunker. I'm ready for the 1-2 punch of the elections going against Trump followed closely by Mueller poking his head out of his hole.
To me, a gridlock could slow the irresponsible fiscal madness going on in DC, which IMO is spiraling out of control.
If the Republicans do keep control of everything, I might be eyeing LMT and RTN for an add though.