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I'm not your enemy just because I'm trying to tell you the markets are overbought any more than your doctor is when he tells you your cholesterol is too high.I've been warning you for a long time and I've prescribed hedges to make sure our portfolios didn't suffer any major damage but now, unfortunately, the untreated condition has gotten worse and we need to operate/liquidate – IMMEDIATELY – to prevent serious damage to your finances.
That is the end result for all automation projects and I know there is some kind of fantasty world where "" opportunities will spring up to replace, well everything, but this is not going to be a small disruption to the status quo – this is the dawn of the end of labor, which is pretty much all the Bottom 90% are trained to do.
Fortuately the Bottom 90% are also trained to be docile sheep and the media where they get all their information is owned by the same Billionaires who are taking their jobs – forestalling the revolution.
Not only have they priced in ALL the possible good news and then added a huge bonus but we're completely ignoring all the bad news (see Monday's list) and not even considering some of the good news, like Tax Cuts, may not be good news at all because it increases the National Debt by 50% over 10 years and it throws 36M people off health care and it cuts benefits to the 250M (78%) people lucky enough to still have health coverage and it cuts funding for basic education, R&D, environmental protection, infrastructure spending and college loans – you know – the future.
It is truly amazing how much money you have to spend when you don't care about the consequences.
With the almost-certain passage of tax reform next week, Congress will deliver President Donald Trump's first major legislative victory. S.-Soviet rivalry ever get out of hand, a nuclear war would likely mean the end of both countries and, possibly, the end of human life itself.
It is noteworthy, of course, that the GOP - in charge of both chambers of Congress - has taken so long to achieve a substantive win. The doping scandal unfolding in front of our eyes, with the International Olympic Committee this week banning Russia from participating as a nation in the 2018 Winter Games in South Korea, is instructive for those trying to chart Russia's future.
Now, it is possible that it's a self-fulfilling prophesy as I went on TV, live at the Nasdaq on Monday Morning and told their viewers why I thought the market was drastically overbought – using very simple math that simply demonstrates that it's not likely that, after taking 200 years to get to Tn, the global markets were going to be able to justify a TN (53.8%) gain in 12 months.
What's most amusing to me is the number of people on Social Media who feel that they need to defend the bubble and come up with dozens of reasons why I am wrong and why "" because of Trump's Tax Plan, the Global Recovery, Emerging Markets, Easy Money Policies, the Sharing Economy, Robot Automation…
Can you name the Balkan leader who has been in high office longer than Alexander Lukashenko of Belarus? In Montenegro, Milo Djukanovic has held power and just about every high-level post there is over the past quarter century. There is usually only one reason for a politician to not want to give up the reins of power — the risk of being prosecuted for corruption. On Tuesday night, supporters of Roy Moore headed into the RSA center in downtown Montgomery, Alabama.Tags: Adult Dating, affair dating, sex dating