International Forecaster Weekly

Trump and Covid

There’s a lot at stake in this upcoming election, and one of the things at stake is the market and YOUR money.

Bob Rinear | October 3, 2020

As if 2020 wasn’t bad enough, you all know by now that President Trump and his wife both tested positive for covid. That has tossed things into a tizzy.

First off let me start by saying that I find it disgusting how many on the left are hoping he has it really bad and he dies. The very people that say they’re all about kindness, inclusion and caring are literally hoping the man dies. You people make me sick.

I was/am no fan of Obama or Hillary. I wanted them both out of office and frankly held to task for the illegal things they did. But I never wished them dead. That’s between God and them. Arrested? Sure, prosecuted? Sure. But not dead.

The market took the news like a punch in the gut. The futures had fallen to DOW -520. But once open, the market cut that loss in half. Pundit after Pundit were trying to talk about what this all means for the markets, the economy and things like the stimulus packages they’ve been bickering over.

But I have a bigger question, and the answer is pretty divided, depending on who you ask. As much as I think Trump wins, maybe in a landslide, what really happens if Biden wins instead?

Some are under the impression that because Democrats have always been thought of as the party of “spending,” that they will take on even more debt, to fund all their new green deal agendas. So, there’s a significant amount of people that think a Biden win will be fantastic for the stock markets.

I however am not so sure. Just a couple days ago, the founder of the Black entertainment Television network was on CNBC talking about Biden and Trump. In it he said “I’d rather stay with the devil I know, then go with the devil I don’t,” meaning he won’t vote for Joe Biden because he doesn’t know just what the heck the guy might do once elected.

I agree with that. Back to BET’s Robert Johnson:

While Johnson backed Democratic nominee Hillary Clinton in 2016, he’s since made headlines for praising Trump’s economic policies. And it’s his view that the current economy is helping black Americans.

“I think the economy is doing great, and it’s reaching populations that heretofore had very bad problems in terms of jobs and employments and the opportunities that come with employment,” Johnson told CNBC, commenting on the black unemployment rate reaching its lowest level earlier this year.

“I give the president a lot of credit for moving the economy in a positive direction that’s benefiting a large amount of Americans,” he added. “I think the tax cuts clearly helped stimulate the economy. I think business people have more confidence in the way the economy is going.”

Naturally he was attacked by the left, saying he’s out of touch with blacks, and he doesn’t understand the struggles, etc. One might simply ask, “if America is the racist craphole you say it is, how did a black man start Black Entertainment Television and become a billionaire??” Oh, they say because he sold out.

Anyway, here’s my take. Just about every corporate head has to lean left. They have to be “woke.” They have to side with flag burning, kneeling, criminals, or their businesses get boycotted, or burned down.

But they’d best be careful what they wish for. We know how Trump operates. We know the types of things he’s done and more of what he will do. What do we know about Biden? At the first debate Biden lied and said he’s not on board with the Green new deal. But if you went to his web page, it said he was all aboard the green new deal, and that it’s necessary.

Then we have to wonder about his mental acuity along with his policy. We know he’s going to hike taxes, he’s said so. We know he’s going to try and end coal and fracking. We know he’s going to try and curtail combustion engines, and go completely “renewables” where ever he can. We know that he’s going to replace some of the regulations Trump got rid of. We can only guess what else could happen.

What we don’t know is, what if he steps down medically? What if a few months in, he announces that the doctors want him to retire? Then Kamala Harris is your new President. Am I to think the market doesn’t know that? Better yet, am I to think the market is going to rally even harder with her in the driver’s seat?

I’m sorry folks, I don’t think so. These corporate CEO’s better be careful what they wish for, because we know what Trump did for them. We don’t know what Joey will do to them. And it’s my estimation that while they’ll, be more than happy to spend countless millions on the gender study of the wooly moth, or what ever whacked out social programs they come up with, none of that helps Mr. Doe who runs a factory.

In short, I think a Biden/Harris win, puts a serious end to this market. Hell, it’s going to have its hands full even with Trump at the helm, because it is truly damaged beyond repair.

I have to believe that Biden will go right along with the globalists and their New Green deal “reset” that the European elites have dreamed up. Trump is a nationalist, not a globalist. He will try and keep us out of that nightmare. Biden would not. I have to imagine Biden would have us back in the Paris climate agreement and a host of other, what I consider, “ills.”

The bottom line is that if you’re a college age snowflake, that needs safe spaces, binky’s, and never have your feelings hurt, Biden’s your guy. But if you’re a small business, that employs good people, and helps your community, Bidens going to be your nightmare.

There’s a lot at stake in this upcoming election, and one of the things at stake is the market and YOUR money. YOUR 401K, YOUR pension plan, YOUR insurance company that has all their money in the markets, etc.

Maybe I’m wrong and all the social new deal spending the Dems would do keeps things moving higher. But I don’t think so. I think the market would try and put on a brave face, but meanwhile I think the insiders would be running for the exits and taking their big stock bonuses with them.

Maybe I’m wrong. I could be. But like Mr. Johnson said, I’d rather have the devil I know than the devil I don’t. Have a great weekend.