In the previous day's MORNING COFFEE REPORT, it was predicted that we would move higher. It seems to be the established trend as the market makes the bet for a Trump win. Occasionally, things are interrupted with that prediction such as Trump going into the hospital with the corona virus, or stimulus bill falling apart.
TODAY, the market opened higher with renewed hope that Treasury secretary Mnuchin and Pelosi were talking again. This did not stop Nervous Nancy from once again trying to jump into the jaws of victory and pull out defeat – or stupidity.
Yesterday, Pelosi floated the idea of possibly trying to have Trump removed (25th amendment) because of medical conditions related to the corona virus. She should have tried that last week when he was actually sick.
To any normally well adjusted democrat OR republican, this seems completely asinine. I should feel sorry for her as she seems to be suffering the effects of dementia or alcoholism, but the market just seem to discount everything she says so I am going to ignore it.
What credibility the public once had that Trump may have inappropriate contracts with Russian agents, etc. is forever dismissed as the Party That Cried Wolf is just petty and adolescent. If President Trump does do anything wrong, he almost gets the benefit of the doubt that it is just more manufactured games.
This is why American's dislike politicians. Many are self-serving egomaniacs like AOC who demands that the Vice President of the United States addresses her as “Ms Congresswoman” instead of the term that made her a household name “AOC”, which is not disrespectful. He is the V.P. of the United States, not some petulant bartender that won an minor election with a total of under 16,000 votes. I may have more people than that in my database.