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Wednesday, July 17, 2024

NASDAQ Will Plummet Today -- Led By Tech -- After Trump's Remarks -- Taiwan -- They're On Their Own -- July 17, 2024

Locator: 48164TRUMPMARKET.

Trump "blow-out" -- electoral college -- keep the rumors coming -- will scare the bejeezus out of the Dems as they go into the most boring DNC convention ever. And mega-donors have quit contributing. It's gonna get ugly.

New AP poll: two-thirds of Dems want Biden to drop out. Those two-thirds will not show up to vote for Biden in November. They may show up to vote for a state or local candidate, but they won't vote for Biden, and they won't vote for Trump. Turnout could be highest ever, and yet total votes for both candidates could hit historic low.  

Remember: Truman won (1948). Biden remembers that well (born 1942). He was six years old. He saw the Truman election in real-time, streaming on YouTube. He kept a copy of the Scranton Times.

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Tech - Taiwan - Trump? Tough Noogies

Intel -- an American company through and through -- should surge. After posting that, I checked ... and INTC is up 5% in pre-market trading. Wow. 

TSM in free-fall. Buying opportunity but I will let the dust settle before I buy more; I assume better bargains yet to come. Including AAPL. 

Trump: as far as he is concerned, Taiwan is on its own -- he's still miffed that "Taiwan" stole the US chip industry. Hell has not fury like a miffed Donald Trump.

The Dow is down, but not much on a percentage basis. We need the pullback -- no matter how bad -- for more buying opportunities -- 30-year horizon.

You know, when the market spikes the day before ... what did "you" expect?

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The Lake

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