After losing the selective recount game loser Democrats ramp up Russian vote hacking hoax. Meanwhile, Wall Street ignores DC and powers up its spectacular 2016 Trump-Santa Claus Rally yet again.
WASHINGTON, December 13, 2016 – Living in Washington post-Election 2016 is getting more and more like living inside one of those phony cable network “reality shows,” the ones where numerous freakazoid competitors do their best each week to hog camera time by proving themselves the current episode’s biggest jerk.
Media mavens to the contrary, however, the freakazoids here are uniformly howling on the Democrats’ side of the aisle. Having failed in their Jill Stein-fronted phony vote recount effort in three Rust Belt states—a vastly broader version of Al Gore’s selected precinct Florida recount charade in Y2K—they’re now claiming that Vlad “The Impaler” Putin and those evil Russian Bears hacked state electoral positions and fraudulently “stole” the American election for Donald J. Trump. (Whatever happened to that U.S.-Russian “Reset” button, BTW?)
Their evidence? Broadly suspicious hints—nothing more—from the same kind of pro-Democrat CIA turncoats that routinely leaked negative information (of dubious quality) to the New York Times and others on alleged Bush Administration malfeasance, the better to thwart a Republican president’s policies.
Among the (100 percent Democrat) electors “clamoring” for this important and highly secret information is a California Democrat elector who just happens to be Nancy Pelosi’s daughter. It’s like a rerun from an ancient Rowan & Martin “Laugh In” news segment. At least “Laugh In” was funny.
Back on Wall Street, giddy post-Election 2016 traders are whooping it up again in Tuesday trading action, utterly ignoring the tawdry side-show down in Washington. This week’s real business is getting done in the Big Apple, ranging from the seemingly endless parade of potential cabinet ministers shuffling into and out of Trump Towers to the crazed traders and investors in downtown Manhattan who are buying mostly American stocks hand over fist like it’s their last chance ever to scoop up what few cheap stocks remain. New York’s midtown Macy’s flagship store should have business this good.
After a rip-roaring morning trade, stocks have settled down a bit Tuesday afternoon, with all three major averages—the Dow, the S&P 500 and the NASDAQ—up sharply. In the case of the long lagging, tech-heavy NASDAQ, it’s now up over 1 percent as it tries to catch up with everything else in the market. The tech move was likely due, at least in part, to the Street’s irrationally exuberant reaction to Bill Gates’ positive comments on The Donald as he left the hallowed precincts of Trump Tower Tuesday morning.
Gates averred that the President-elect could very well prove to be the next JFK, or something to that effect. That’s sure a switch coming from Silicon Valley (or, in this case, its Seattle satellite), which never met a banana republic dictator or an H1B visa holder it didn’t like.
After a really weird trading year—one that started out with a horrendous January-February sinking spell—we’d love to see this Trump-Santa Claus Rally continue right up to New Year’s Eve. It’s nice to have fun in the markets for a change, even if the most sober among us understand that stocks are probably getting a little ahead of themselves here.
There’s little point in buying into many stock sectors at this point without a real pullback. But if you’re already in the right stocks and stock sectors, all you have to do at the moment is sit back and enjoy.
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