Friday's HOT MIC

Friday's HOT MIC

It's not just the polls.  There's another not-so-secret secret reason that LePen has less than zero chance against Macron in the French election:  the stock market (aka la bourse).  You'd have to be a pretty clueless investor not to have noticed the big jump in markets when Macron looked to be the big winner after the first go-round.  That's not changing.  I'm not clear on the percentage of French citizens who are invested in stocks -- here in the USA it's roughly 50% -- but it couldn't be that far off, even if somewhat less. People are just going to vote their pocket books -- duh -- whatever they think of the EU, immigration, etc.  They pay for it eventually (or soon), but that's the way it is.

Mine own self, I confess I'm less depressed about this than I would have been a few weeks ago.  When Marine made that statement denying French complicity in the Holocaust, I checked out. The apple had fallen close to the tree after all.

Speaking of the market,  the percentage of Americans investing is down slightly.  Reason: the millennials.   They don't have the money.  Tough luck for them, considering what's been going on since Trump was elected.  The Nasdaq and the S & P hit all-time highs AGAIN today.  Will that continue?  Not forever, but maybe for long enough to make a killing. Bon chance!