The Russians are coming… But the stock market is up

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.

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Cartoon by Branco. Reproduced with permission. (See below)*

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.

The pro-Hillary Democrats are now insisting that all state electors get a chance to review this “secret” non-information before they make the biggest mistake ever by casting a majority of electoral votes for the squawking, grossly underqualified magpie who used to head up TV’s, “The Apprentice.”


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.


Read also: Fierce stock rally, Fed watch make it tough to find bargains


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.

*Cartoon by Branco. Reproduced with permission and by arrangement with LegalInsurrection.

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Terry Ponick
Biographical Note: Dateline Award-winning music and theater critic for The Connection Newspapers and the Reston-Fairfax Times, Terry was the music critic for the Washington Times print edition (1994-2010) and online Communities (2010-2014). Since 2014, he has been the Business and Entertainment Editor for Communities Digital News (CDN). A former stockbroker and a writer and editor with many interests, he served as editor under contract from the White House Office of Science and Technology Policy (OSTP) and continues to write on science and business topics. He is a graduate of Georgetown University (BA, MA) and the University of South Carolina where he was awarded a Ph.D. in English and American Literature and co-founded one of the earliest Writing Labs in the country. Twitter: @terryp17