Man Who Called Dow 20,000 Says…

I love these MSM pieces about the “man who called this… “ or “the man who called that… “ designed to bait the masses into clicking. Hey, they got me to click, ha ha ha; even though I and probably 1,000 other people also called it.

Man who called Dow 20,000 says stock market could see 1,000-point surge if Trump resigns

“Man” is perma-bull (and face it, he’s been right for years now) Jeremy Siegel. The point of the article is something that I’d mentioned in an NFTRH update yesterday…

Yet another consideration is that if the market begins to correct its valuation and overbought issues, and assuming Trump is impeached, that will not be a bad thing (fundamentally for the markets, at least) in my opinion. Who would succeed Trump? What’s his name, the vice president. Oh yes, Pence. A conservative republican. The rest of the machinery will likely remain on the current agendas without the buffoonery if its head gets cut off.

Seigel, from the article…

“If Donald Trump resigned tomorrow, I think the Dow would go up 1,000 points”

I can’t stand people who make big pronouncements in the media like that. But suffice it to say, his point is well taken, the republican machinery would remain on ‘fiscal’ task and would be better off without the orange colored buffoon at the top.

Subscribe to NFTRH Premium for your 40-55 page weekly report, interim updates and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply keep up to date with plenty of public content at NFTRH.com and Biiwii.com. Also, you can follow via Twitter @BiiwiiNFTRH, StockTwits, RSS or sign up to receive posts directly by email (right sidebar).