The Daily Doom

2 weeks ago | thedailydoom.com | David Haggith

Why the stock market’s enormous surge yesterday? It turns out it was because Trump caved. The global fight he alone picked was just too much for him. He was destroying the nation and he knew it, and the evidence of how intensely the destruction flared up is all over the news this morning. Trump burst into flames and crumbled into dust, and that is why the stock market experienced an enormous sigh-of-relief rally.

2 weeks ago | thedailydoom.com | David Haggith

Today morphed into a do-everything-the-opposite-at-the-same-time kind of day. The morning started with loud screams of deleveraging everywhere, but the forces that groaned pitifully downward in the darkness at twilight suddenly flipped to heaving mountainously upward around noon. Hedge funds have been bailing out everywhere this week, but US Treasuries went from falling yields to yields taking off like a rocket this morning at outrageous velocity that hasn’t been seen since 2008.

2 weeks ago | thedailydoom.com | David Haggith

The stock market flaunts its stupidity in abundance today. It opened up 1400 points based on nothing but jaw-flapping by President Trump. This happened for two reasons, and will keep happening. The greedy are needy, so they cling to any vapid hope the president (or anyone of stature) gives, and the market is run by brainless algorithms that grab onto any vapid headlining hope the president or anyone gives. What the president said to create today’s rise was that China was dying to make a deal.

2 weeks ago | thedailydoom.com | David Haggith

The headlines are loud and clear: Stocks are plunging again … relentlessly as the world wakes up to realize the Trump Trade War isn’t going away in mere days and is exacting a very heavy price all over the word but especially in the US. If the morning results hold, the S&P will close the day in a full bear-market crash, joining the Russell 2000 and the Nasdaq, which both arrived there last week.

2 weeks ago | thedailydoom.com | David Haggith

It’s already being billed by Bank of America as “the biggest shock to global trade in modern times.” It’s also been called the “worst two-day wipeout in history!” In total dollars the stock market has plunged more than $11-trillion dollars ($6-trillion in just the last two days of trading), and now Dow futures are set, at the start of my writing this article to tumble another 1500 points.