Back to episode — Episode 2555 CWSA 08/03/24
Context —
ody who's experienced as an investor knows that, right? We were heading for a 10% correction minimum. I mean it could be more, but minimum 10%. So you're just seeing the expected 10% correction. Doesn't mean it'll stay there. I would expect that there's nowhere else to put your money. You don't want your money in cash. You can't put it all in Bitcoin because you're not quite sure that's the way t…
← Previous segment →l of my stocks, selling nothing.
And I wouldn't be surprised if you see it changing quite a bit between now and the election. Because I also think the players game the system. So it could be that people are just taking some profits from AI companies that ran up too much. But it could be that you'll see a bunch of super rich Democrats say, you know, it would be really good for the Democrats if the market felt like it was recovering. So I think you're going to see a bunch of fake, very large industrial buyers before election day.
So here's my prediction. Whatever the stock market is today, I think it will be higher than that on Election Day. And it won't be normal. It'll just be gaming the s
Context —
ystem kind of stuff. That's what I think. So that doesn't mean in the long run anything. It just means I expect a little bit of mischief. According to Breitbart News, the Democrats are panicked now and they want a rate cut because unemployment took a little jump. So if the Fed cuts the rates, that normally juices the stock market and the rest of the economy. But the Fed is independent, so they do…
Next segment → →