Ringing in a Decade of Stagflation Ep. 523
b"Second to Last Trading of the Decade...
\\nAll of the major U.S. stock market indexes finished the second to last trading day of this year in the red. Although, it's not just the second to last trading day of the year, it is the second to last trading day of the decade. Technically speaking, I know the next decade doesn't really start until January 1, 2021, but practically speaking, it's going to be the 20's. So, to me, that's a new decade.
\\nClosing With a Gain of About 30% in the S&P
\\nSo let's just say tomorrow is the last trading day of the decade.\\xa0 And even if we get another decline tomorrow, I don't know what's going to happen - maybe we'll get a bounce, but I doubt it will be significant enough to turn the tide on this bull market or this bubble - bear market rally - whatever you want to call it - but it looks like we're going to close the year with a gain of about 30% in the S&P 5000.
\\nNot our Strongest Year in Recent Memory
\\nThat's going to put the market with its best annual increase since 2013 - which, of course is not that long ago. So we did have a rise in 2013 when Obama was President, where the S&P had a year that was as good as this year, with Donald Trump as President. So clearly, it's not simply a case that we have Trump as President and that's why we have such a strong market. We've\\xa0 had plenty of years where the market was this strong and Trump wasn't President. In fact, Barack Obama was President.\\xa0 One of the reasons that the market was so strong this year is because it finished last year so weak.\\xa0 I think the 4th quarter of last year we were down 13 - 14% - but it was a very big decline which would have been much much bigger but for that record surge the day after Christmas.\\xa0 Remember that Boxing Day - I think the Dow was up about 1,000 points.\\n\\nOur Sponsors:\\n* Check out Rosetta Stone and use my code TODAY for a great deal: https://www.rosettastone.com/ \\n\\nPrivacy & Opt-Out: https://redcircle.com/privacy"