Bring back Danny Ric!
N0t_5ure
Newsom has always been a politician first, and now he sees the wind blowing MAGA and seems to be charting a MAGA-lite course. He has no principles or ethics, it's all about what will bring him power.
"Onlycats"
My eyes told me the same thing.
Let's see... In the 2024 presidential election West Virginia voted for checks notes Donald J. Trump, with just under 70% of the vote. I guess they didn't expect the leopards to eat their faces.
Because things don't turn on a dime. It's going to take some time (and reductions in corporate profits) before it sinks in that the game has changed.
It's always the ones you'd most expect.
Perhaps it's starting to dawn on him that his power as a judge is under threat.
I've seen a few "buy the dip" comments in conservative circles, which is a good strategy in a bull market, as the dips are temporary. However, in a bear market you buy the dip, and then the dip of the dip, and then the dip of the dip of the dip, and the price keeps going down, and you lose more and more money. If Trump doesn't change course, and I doubt he will, then the what is now a "correction" will almost certainly slide into a bear market. Markets were high before the start of Trump's term, with Warren Buffet finding stocks overpriced.
There is a reason central banks are buying gold, and that it is making new all-time highs, and recently breached $3K/oz. They're anticipating the demise of the dollar, and minimizing their exposure to the chaos from the U.S. and buying gold instead of U.S. bonds. Look for this trend to accelerate, especially once the U.S. reaches the point where it can't sell enough bonds to finance it's budget deficit, leading to a massive debt crisis and the collapse of the dollar. Gold is already on track to be up >50% this year (up 13.7% so far ytd), and the consistent rise in gold while stocks and other investments fare poorly will only fuel the stampede. I'm confident that gold will end 2025 over $4k/oz, and that 2026 will be even crazier.
That's an interesting point.
I guarantee they'll try to put him on Mr. Rushmore.