With the election campaign heading down the stretch, investors are still betting Trump will win. The Dow Industrials have risen to within striking distance of February’s 29,568 record. Does anyone think this could have occurred if Biden were a shoe-in, as the pollsters would have us believe? More likely is that the Dow would be trading 5000 points lower, on its way to 10,000, if the stock market caught even a whiff of a possible Biden/Harris victory. A few pundits have asserted that Biden is Wall Street’s choice. This claim is so outrageous that no one in America, including Trump’s foes, could possibly believe it. It holds up only if you accept the flawed premise that Biden is certain to occupy the White House come January. It would then be logical to infer the stock market is not merely comfortable with this outcome, but exuberant about it. In pushing the Wall Street narrative, the mainstream media have wishfully been channeling Joseph Goebbels: Repeat a lie often enough and it becomes the truth. Not quite, though, since there is Fox news commentator Tucker Carlson to firmly set the record straight. His nightly show is not only the most-watched news program, it is the most-watched program in cable television.
Americans Have Eyes
Concerning the pollsters, we wonder whom they’ve been calling. Not us, for sure, nor anyone we know. But we do have many friends, including some Berkeley liberals, who will be quietly voting for the incumbent. There are also nearly a half-million blacks, gays and Latinos who have left video testimonials to Trump on Facebook as part of the #WalkAway Campaign. But the vast majority of Trump supporters, including a significant number of swing voters who can’t stand Trump personally, will be pulling the GOP lever on November 3 simply because they watch the news and see what is going on in America. The nightly spectacle of urban riots in particular, which the Democrats not only failed to condemn but supported legally and financially, will help put Trump over the top.
Dems’ Radioactive Platform
I remain confident Trump will win because I do not believe most Americans will choose to support:
* The destructive, patently false narrative that we are a racist nation
* An all-encompassing Green New Deal that Karl Marx would have loved
* The hollowing out of local law enforcement and the criminal justice
* A Supreme Court with a permanent super-majority of left-wing, activist
* A newly emboldened teacher’s union that wants to kill charter schools
* Mandatory sensitivity training for everyone
* Crushing tax increases for the middle class to pay for free everything
* Scorched-earth legislation to punish red states
* The re-regulation of businesses by federal, state and local commissars
* A nauseating, years-long victory celebration by the new media,
Hollywood and Whoopi Goldberg
Covering Our Bases
The polls have got it even more wrong this time than they did in 2016. Millions who plan to vote for Trump aren’t talking about it because they fear censure and the disapproval of even their closest friends. Their votes, along with those of the growing throng of ‘Walk Away’ apostates noted above, should suffice to give Trump a comfortable victory margin. Even so, we are covering our bases with bearish stock-market bets just in case.