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Friday, November 11, 2016

The Market On Friday

  We've all been so intimately engaged in the election, and with the Trump victory, we are trying to adjust. Personally I've had only a minor interest in reading the news and watching TV. I'm completely disinterested in checking Five Thirty Eight and understanding the subtle differences in the voting patterns that gave Trump the presidency. One simple fact of reality dominates all of the nuance, Trump is the president elect. This reminds me of a medical verdict, one has to bring one's attention back over and over to a conclusion we might not want to accept.

  I'm starting to feel a sense of determination arise. The call from California's Governor Brown was interesting. People are not willing to give up on the social policies that the country enjoys. People are stocking up as it were and are ready to fight against regressive policy. It's a put your money where your mouth is period.

  The weekend is here. Get away from the computer. Invest in your own well being. Exercise, rest, eat especially well and stay away from the body and mind junk. De-stress intelligently. Rejuvenate yourself and if you don't know how, then it's time to find out. It's going to be a very strange four years.

  At 8:00 a.m. ET futures are moderately lower, and the price of oil per barrel is down. The market is poised to open moderately lower.

  Wall Street responded favorably to Trump's victory on Wednesday and Thursday. On Tuesday night when it became clear that Trump would win, pre-market trading fell through the floor. However Wednesday turned out to be a major boost in all the indexes. Already, the enthusiasm for Trump on Wall Street is waning. Remember, Brexit has not helped the British economy.

CNN: Trump enthusiasm wanes; Chinese shopping spree; Nvidia stock surges by Alanna Petroff

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