ot While I am quite elated at the stock market hitting all-time highs(as opposed to Lenny who must be seething now as stuff like
this is not supposed to happen under Biden but only Trump), I am also a bit worried that the market might be getting ahead of itself so
to speak, and that people might be buying in panic in order not to be left out.
What this could mean is that if during the upcoming days, weeks and months, there is any kind of unexpected
bad news re: inflation/cpi/ppi interest rates, jobs data, consumer expectations, etc. it could set the market up for a nasty fall!!
I am not predicting this but rather am just stating a possible dose of reality into this!!
One of the things that provincial and narrow-minded and one-dimensional people like Lenny Lenbo don't consider and/or don't
have the necessary brain power to consider that whether it be the stock market, inflation, interest rates, jobs data, other
economic variables and for that matter just about everything that goes on in life whether it is good or bad cannot be attributed
exclusively to one person, which in Lenny's case means Trump or Biden!!
It is one thing to drop a glass filled with water on the floor and see it shatter into many pieces and attribute this to not being
careful.
It is something entirely different to take happenings in the country and/or world and to try to attribute them to one cause
or person for the simple reason that everything that occurs is so complex and occurs because of lots of related factors
that are in turn caused by other related factors!!
In short, life itself cannot be compared to a cookbook and a recipe where known ingredients put together will result in a wonderful
dinner, dessert, etc as folks like Lenny would have you believe!!
As I see it and although it is obviously theoretical, one must try to subjectively gauge the varying factors and their relative
importance first in lots of matters in life before arriving at one kind of decision/opinion as opposed to just one factor and/or
just rattling off an impulsive gut feeling snap answer.