Thursday, February 08, 2018

Market Down 8 Feb 2018 -- Nancy Pelosi either saves or kills DOW

We are having fun.  You were told it was a correction, and now, the "experts" are declaring it one.

However, there is a real problem, as the modified chart shows.  Between the time of this post {6:30PM EST, 8 Feb 2018} and Midnight 9 February 2018, the HOUSE must pass Budget legislation which conforms to the Senate deal between Schumer & Ryan.

Should Nancy Pelosi decide to play infantile games, the DOW could break below 23,280 and then consider going into freefall... It will be on Pelosi's head.  The DACA Legislation will pass, in a few months.
Trump wants it, and Ryan has promised it.   
The ultra-Right-wing will object -- but at the cost of their seats in 2018 and 2020.
Pelosi can oppose the wall -- which is to oppose full funding for the legislation Senators Obama, Clinton and Schumer successfully had enacted in 2006.
Democrats attacking Democrat supported security legislation -- it does not go over very well... Progressive Democrats opposing Security in a way that would effectively make the Reagan Republicans circa April 1980.

  

  


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