1st Quarter 2020 Political Stalmate Part 1

Capitol Hill: Laws are Meant to be Broken, There's nothing like a Washington DC Trial

David Haggith

Contrarian

''No, nothing irrational here folks. No irrational exuberance anywhere! After all, how can things be irrational when everyone shares the same delusion? That makes the delusion the new normal. And I'm the oddball who says the emperor is not only naked, but also he has no skin! He is a zombie who is only surviving by eating his own flesh.''

Back to the Markets

Marijuana is UP in Smoke. I don't see a turn around any time in 2020.

Nonfarm payrolls in the US for the last quarter were stable, wage growth has slowed back to low levels. States have basically increased their minimum wage payroll laws.

Precious metals are still a buy: SVM , KGC, SBGL  and IMPUY

Silver is a new play, Palladium continues to be in demand 

Fannie Mae and Freddie Mac slowly picking up steam as deadlines approach, accumulation territory now.

Returning back to down and out, out of favor European Bank stocks: I like Greece again and other eurobanks as history cycles itself.

Update 01/08/2020  US and Iran playing chicken, while North Korea & Russia  wait for their moment of glory.

1st Quarter 2020 Update will adjust as situation Arises

The Emperor and the Economy have No Clothes

Question on Quora: Should I buy Treasury Bonds now?
Yes, for the next two months, March and April. As a TON of debt issues come due from all over worldwide, not just from the USA, there has been a scramble to get liquidity to hide the truth.
From the FedMeds to Trade War to CoronaVirus - the markets are prime for the reckoning it
justly deserves.

David Haggith

Contrarian

There is the key. Market valuations, as I have been pointing out far longer than Citi, were stretched far beyond what our tenuous global economy or business statistics merit. That leaves a market that has lot of potential room to fall. On top of that, central banks have already used up most of their pharmacy. They don't have a lot of medicine left to use that hasn't already passed its sell-by date.
It is the senseless things of this world that sometimes knock sense into the high and mighty whose hubris causes them to believe they cannot fall. In this case, the tiny COVID-19 virus (coronavirus) is bringing down a global house of cards long perched to fall - locks, stocks, and barrels of oil.


My Movements
As I talk to CVS managers and Auto part managers, watching Shiptracking.com movements, and listening to West Coast port talk , the Writing Is On The Wall!

Shorts since mid Feb
JETS
IYT
XTN
KORU
DIA since 2018 at 198 off by 40% 

Starting in March
DNK