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Author:

Jam ok

Subject:

Off Topic

Date:

07/28/17 at 2:53 PM CDT

 

 

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Sentiment:

Neutral

OT OT Market volatility

OT - Since it's been so quiet here, thought I might go way off-topic with this:

marketwatch.com/st...t_news

Short story: with VIX near record lows, the implications are that people expect that this market will just keep going upward. So, remembering those days when triple-digit DOW downdrafts, let's say -300, would all these complacent investors flip out? I wonder what a pre-emptive military strike on North Korea would look like? On the other hand, the market bears haven't been right for a long time. One reads 'the end is near' stories and the market just kites higher. I believe congress is either in process or has passed a resolution that, except in the case of the US being under attack, President Wacko cannot push the 'nuclear button' which sends missiles flying within 4 minutes without congress agreeing, curtailing an ability all presidents up to now have had. While congress has always been in favor of increasing the power of their branch of government, on this issue I think it's also an acknowledgement that even the Republicans are scared of Trump's impulsivity. 

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