My hunch is that the markets are going to start trading AS IF DUBYA
IS A LAME DUCK PRESIDENT.
Indeed, the rest of this year could be trading on anticipation of a
new government in Washington in 2005. And, frankly, I think that
would be a good bet.
DUBYA IS STARTING TO "LOSE IT" ON MULTIPLE FRONTS.
The plunge in consumer confidence today was only the start.
THE AMERICAN JOBS MARKET IS SICK! VERY SICK! AND PEOPLE ARE
STARTING TO REALIZE IT NOW.
Greenspan has twisted the economy and the markets into relying on ONE
PERCENT RATES FOREVER!
OR, A WEAKER DOLLAR FOREVER.....PUT ANOTHER WAY.
IN TRUTH, THE ENTIRE ECONOMY IS STARTING TO LOOK LIKE THE 1970's
REDUX!
A UNPOPULAR AND EXPENSIVE WAR!
TROUBLE WITH OIL SUPPLIES!
DEFICITS OUT THE WAZOO!
AND A WEAK AND UNPOPULAR PRESIDENT IN THE WHITE HOUSE, WHO WILL
PROBABLY NOT WIN RE-ELECTION!
WE COULD BE SPENDING THE REST OF THIS YEAR, "AS IF" DUBYA IS A LAME
DUCK PRSIDENT.
Now to figure out how to trade on this information? Hmmmm.......?
