The markets obviously are having a hard time mustering any real buying frenzy...
But Dow 12,000 on election day seems doable... There will be "distribution days" like today...a few real selloffs but very very mild...and plenty of nowhere fast rallies.
Simply put Washington and Wall Street can not afford to have any news that upsets the deluge of campaign ads that will be flooding the air waves in the coming weeks...
NO BAD NEWS ALLOWED...!
Of course there are always the unexpected events...over which Kongress and Wall Street have no control. But, outside of major geopolitical disasters...Happy Daze are Queer Again...
At least until the election... My hunch is that the Democratic landslide that is going to occur on election day is not even on the radar screen yet!
What the pundits are missing is that the Democrats only have to "switch" 5% of the vote TO ACHIEVE A MASSIVE VICTORY... Democrats dont need to influence 51% of the voters to "like them" or "hate Republicans."
I would not be surprised if the needed 5% shift has not been given to the Demcrats right now...Gratis...by Republican screwups.
Or put another way...will any "ordinary person"...who is not tied to the Repubican Party in some way...actually go out on election day and ask for MORE OF THE SAME by voting for the Repubicans? No many! And they are Legion! ....Or at least more than the required 5% to sweep the Democrats back into power...
And once in power...IT'S A WHOLE NEW BALL GAME IN WASHINGTON...
IT WILL BE ALL ABOUT PEOPLE AND SOCIAL ISSUES AGAIN...NOT SIMPLY WALL STREET AND BUSINESS...
THE WORLD WILL BE TURNED UPSIDE DOWN ON NOVEMBER 7th....
THE REAGAN ERA WILL OFFICIALLY END.
