Trump brings consumer confidence to
a 13 year high, by Martin Armstrong, 12/26/16
All that matters is what you
believe. Despite all the leftist protests yelling Trump is not their president,
Michigan University, which tracks consumer confidence, has reported that we
have reach a new 13 year high. If we remove California, Trump won the popular
vote in the Nation. The consumer sentiment index reached a record high
since 2004 at 98.2. This is what has been behind the Trump Rally. If we cross
the 20,000 level and reach sustainable levels above that psychological number,
we stand a good chance of bringing in the average investor who abandoned the
market after 2007.
With a return of retail investors,
then we stand a chance of pressing through the 23,000 level (our next major
target) and then we can see a run that will try to reach 40,000. Keep in mind,
we are talking about a Phase Transition here. That means it will be fast and
furious.
We will be issuing a special report
on the stock markets for 2017. This may just be your best opportunity in a
decade. I remember when Jimmy Carter won the election. I was too busy to vote
and the polls showed he would lose. So why bother? When I woke up and he won, I
was shocked. I did not approve of his policies back then. Nevertheless, I made
a lot of money into 1980. So those who hate Trump – suck it up and focus on the
profits. Such opportunities do not come in life that often.
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