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Election fun


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Only 10 weeks to go and it's election time in the good ol' US of A.....This exciting time has certainly excited the markets with another bull run into sky blue beyond. Which naturally pleases the Donut. What with Covid now invisible and a distancing memory and the economy simply booming we can all sleep easy knowing what a good job has been done by the powers that be and there is absolutely nothing to be concerned about regarding investments and the economy. Phew! 

What about unemployment? I hear the cynics ask. Hmmm. Has Covid really gone away? Is there really a working cure? Since the president's office has taken over managing the Covid numbers, it's obvious the immediate effect was to drive the virus away. Surely drive the numbers down? There goes the cynic again....Naturally, hospitality has resumed its optimal level, as has retail. Plus, we are all flying and cruising again, not to mention watching live sport at venues and meeting face to face at the office... Really? Will someone attend to the cynic, he is seriously affecting my narrative. Naturally, there is no social unrest either as the current incumbents are so unbiased and fair-minded as to be near saint like and worthy of cult status. So it's all alright then? 100%. 

The markets never lie do they? Fair representation of the economic reality we all see on the ground. So what if they are pricing that beaten up old Citroen as a new Bentley, one day it will be a classic and surely be worth every penny. Old style measurements are so passe, who needs P/E anymore? No, blue sky thinking is required. Out of the box , blue sky thinking. Out of your box, surely? Will someone please silence the cynical voice of reason, this is not the time of reason. 

Dow back to pre covid levels, Nasdaq and S&P broken new records. Markets must be right. Everything is the same as it was before this mini crisis. Look at the numbers. They never lie. (Unlike the Donut). Enough of that Mr Cynic, you are such a Cassandra.....

They can even go higher, afterall value is limitless,isn't it? The fed is promising indefinite ultra loose monetary policy, so why not? Out cynic that, Mr Cynic!

Bye bye dollar then.

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