Market snaps back to new all time highs, just ahead of the DNC

 This blog is going to be wrapping up everything I've been predicting, about the market being window dressed, in order to help Biden/ Harris - going all the way back to Market Wrap-up May 2024 

 

One thing I can confirm is that everything I've blogged about over the past 2 years - about the market being dressed up in order to help Joe Biden look good, and Trump look stupid, seems to be set in stone. 

 President Joe Biden's campaign ripped presumptive Republican nominee Donald Trump after the Dow Jones Industrial Average hit a record 40,000. The Dow's milestone comes with Biden effectively tied nationally in the polls with Trump, as the former president faces trial in New York - May 16th 2024 CNBC

Yesterday Evening Joe Biden was seen taking another victory lap at the Democrat National Convention

Joe Biden brags about the, "record high #rigged stock market". Told you so. $SPX futures chart. #DNCConvention2024 pic.twitter.com/W7TTNaxLWk

— Veteran Market Timer (@3Xtraders) August 20, 2024

 

Of course this not only explains why the market ran so fast after the election was stolen... but also why it has snapped back as quickly as it has, after last week's crash. I haven't seen a snap-back rally like this one, since the Flash Crash of 2010. It's truly historic!

Stocks rally to new all time highs; Looking at the $NYSE
This is something @realDonaldTrump was never able to achieve #DNCChicago #Kamunism #Bidenflation pic.twitter.com/csTLYkdyPL

— Veteran Market Timer (@3Xtraders) August 19, 2024

I'm still predicting that Trump is going to be allowed to take office again, but only so that they can pull the rug on the global ponzi economy, on his watch. 

I summed up how I expect this to play out, in the following TwitterX mini blog: 

I am an observer, and a realist. You may not like my version of the truth, but I'm used to being the contrarian, and the giver of bad news, and contrarian predictions.

The current administration - with the full approval of the deep state - is flooding the county with Illegals, and providing them with free housing, and money... in order to keep the Ponzi economy afloat, for just a little longer. Just long enough, until Trump gets into office. #TrumpCrash part II to follow...

This explains why Kamala Harris is seemingly throwing the election, by picking Walz as her VP, and offering crazy economic solutions, which seem to come straight from the communist handbook. She has no intention of winning....

Getting back the collapse: This one won't be solved - as the covid plandemic was - by printing trillions more dollars. If they try that, then we could be looking at an inflationary depression scenario.

My suggestion: Prepare yourselves for one hell of a storm (the best you can), but don't think the government is going to bail you out, this time. But also, "lift up your heads, for your redemption draws nigh" .

— Veteran Market Timer (@3Xtraders) August 17, 2024

But what comes next: After the Crash?

Before we continue with what comes next... you should probably view my blog from earlier in the week:

Reviewing The Most Recent Market Crash - The Who, What, When, Where, Why, of the Story

But what next: After the Crash? 

To learn what comes next, you should really review my take on Monday's crash, but in short you never see 2 market crashes in a row, (disclaimer) without any sort of real catalyst.

 

Edit: I started this blog on Thursday, and now it's run into Saturday morning, but I've already been proven right on the above statement, "you never see 2 market crashes in a row". We saw markets rally all week, and close near the highs of the week, on Friday.

 

Reviewing Monday's crash again:  

Most investors don't even know the real catalyst for Monday's shakeout, because the corporate owned financial fake news media of mass distraction, and deception - don't want you to know.... 

If the financial #FakeNews was honest, they'd report the truth about Monday's crash. Who, what, where, when, why https://t.co/ovGwvHDjC8

— Veteran Market Timer (@3Xtraders) August 8, 2024

...and they aren't about to tell you what comes next either. 

Instead they point to beaten up names like Super Micro, and NVidia, and the rest.   

$SMCI is nothing but a junk meme stock - in hindsight pic.twitter.com/XMpgdsnhK4

— Veteran Market Timer (@3Xtraders) August 6, 2024

They also don't tell you that small caps and financials were pumped and dumped, right on schedule.  

Here's something else #CNBC isn't telling you. Small Caps, and financials were pumped, ahead of the Japan take down. pic.twitter.com/GUmTUbDU1a

— Veteran Market Timer (@3Xtraders) August 9, 2024

That's right the whole thing was planned, and probably for at least a couple weeks. 

The BOJ had been telegraphing what they were planning to do - raise interest rates for the first time in decades - and nobody on Wall Street suspected anything out of the ordinary would happen? That laughable!

In hindsight the hedge funds who planned it, overplayed their hand. In other words it was way overdone, and many investors recognized the Monday morning surprise for what it was - a bear raid.  

In order to know what comes next; after a crash; is simple: 

 The same folks who pulled Monday's heist,  loaded the proverbial Truck/Boat - with their ill gotten gains - and we saw many stocks ON FIRE this week, and bottom picking in nearly every sector. Bitcoin rallied 20% off the lows!  

Of course, now that everyone is bullish again, we'll probably consolidate in a range, and maybe even retest the recent lows.Much depends on who done it, and if they are going to get paid on their bearish August options bets.

 

Wall Street crooks are never satisfied - even after an overdone crash - but that's how it goes.

 

Once the retail investor is sufficiently bearish again, we'll see a bigger short squeeze...  

 

Maybe that doesn't happen until Sept OPEX, when volume picks up, but you typically buy into an election year.

It's a crooked/ rigged game, and the crooks own 99% of the news media, and that makes it hard for the average investor to win.  

Good Luck, AA