Trump and Biden face off in first Presidential debate

The problem is now that the markets are open, they are behaving just the opposite. It’s dog eat dog right now. I advise being verrrrrry careful with playing the stock market right now.

The jobs reports and other things happening this next month may be doctored and pump things up, …for a while. But when reality catches up and the profits simply aren’t there, we are in for another rude surprise. My bet is that we are looking at the weakest holiday sales season on record since WW2. Because of that, there will be a huge correction in late December, like in 2018. We may squeak past a correction in October, if people get greedy and decline to take out profits early. Which will make the correction worse. It would be better to have a small revaluation now and another small one later, but that’s not how these things usually go.

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