Why Aren't Markets Freaking Out?

[jgmiller]

6. I generally agree but I think it's a little different this time

Just like too many people he's still using the old playbook and while I think his logic is correct for smaller investors and even some bigger ones it's not for the real big investors. With them there are two things going on, first they can still make money in volatility and they have so much money that if the market tanks they see it as a buying opportunity. Second they know they can extert a massive amount of pressure on the GOP if push comes to shove and if it looks like it's really going south they believe they can make some calls and Trump will either be shut up or pushed out, that's why Vance is there. They didn't want Vance because he's some brilliant VC guy, he's not, they wanted him there as their safety valve. Trump starts hurting the economy too much just call Vance and the losers Trump put in the cabinet and you can have him out of office in 24 hours.