BY: Todd Horwitz, Host & Senior Contributing Analyst
PUBLISHED: October 12, 2016
2016 the Dirtiest Election of All TimeThe dirtiest election of all time in full bloom and all the tricks are in play. Bubba talks about Hillary Clinton and how anyone could want here as president. She is cold heated without compassion and always one step ahead of the law. Trump is no angel either but at least he has the guts to tell the truth and actually want to change something for the betterment of the country. It’s nasty out there and here comes Mr. Clean Warren Buffet.
The markets feel like there under pressure and Bubba talks about Tuesdays action and why it was just a down day and not necessarily the start of the great collapse. Bubba explains that the markets are still really just in a big range and that this could be the continuation of sweeping congestion and could bounce from here. There is a lot to happen before we can consider the market as breaking down.
Then there is the banks and rumors are floating that the EU gave Deutsche Bank a pass on their stress test which Bubba has no trouble believing. Bubba refers to the Madoff Ponzi Scheme and still believes that Madoff had an insider who was covering up the impossible trades that he was claiming. The probability of what Madoff was doing and any intelligent human being believing it are 1 in a billion. So to think the banks aren’t getting favor would not be a stretch.
Now it’s the poor farmers that are getting slammed and by guess who? The banks of course as they now force farmers to liquidate because of the loan value knowing the destruction force liquidation brings. Bubba is angry about the way things are being run and warns investors that they should learn to hedge their portfolios. Bubba feels the risk is too great here and that markets and investors are way too complacent.