Fake Fed reflation is done. Fiscal reflation is over before it started. Consumer confidence is collapsing. The dollar is getting monkey hammered. There's only one problem, the Trump "premium" is still in the casino. Because meltdown is all one big buying opportunity...
But don't take my word for it, straight from Donny himself, via Faux News:
It's been that kind of week for Circus Clownius. On Monday he urged the Senate just to ditch Obamacare and replace it later. Or not...
Two days later, the Congressional Budget Office "scored" this latest idea:
Remember the 1990s "White Water" scandal in which a RepubliCon-led investigation into Bill Clinton real estate transactions from the 1970s somehow revealed Monica Lewinsky giving him blow-jobs in the late 1990s?
Well payback is a bitch, because just now we learned that the Special Prosecutor, Robert Mueller is looking into Trump's business transactions.
Investigators are examining Russian purchases of apartments in Trump buildings, Trump's involvement in a New York development with Russian associates in SoHo, the 2013 Miss Universe pageant in Moscow and Trump's 2008 sale of a Florida mansion to a Russian oligarch
They are also looking into the Bank of Cyprus, where Commerce Secretary Wilbur Ross served as the bank's vice chairman...Trump's son-in-law and aide secured financing for some of his family's real estate properties
Mueller's investigation is said to have stemmed from a money laundering investigation started by U.S. Attorney Preet Bharara, who Trump fired in March
So, what to do? Trump is going to fire the entire Department of Justice, starting with Attorney General Jeff Sessions, who Trump essentially called incompetent yesterday...
Why the fuck didn't Clinton think of that?
All I can say about the Trump Casino, is that time is running out, because Sears holdings (and other left-for-dead retailers) is now leading this fake rally. They're going to sell Kenmore appliances on Amazon. You can't make this shit up...
Amazon versus Sears:
The chart of the week is this one, although it's a run-off tie with about twenty other charts now code red on the meltdown scale.
I mean last chance buying opportunity...
The Trump premium can be clearly seen in the Stock/bond ratio which overlays perfectly with regional banks, both of which are still bid for some unknown reason...
Time to get out of the BitCasino
Apart from Sears, Chinese internet stocks are leading...
