The Chart Pattern Trader

Ron Walker

Trump's Big Fat Ugly Bubble Is Ready to Pop and He's Likely going to get the Blame for it


President Herbert Hoover got elected Nov. 6, 1928. He walked in office in 1929 only to see the stock market peak and begin to crash 5 months later, and he was blamed for the whole thing. After his election the stock market had a post-election rally that soared 13.3 % to inaguration day in March of 1929 . Then another 7.7 % during His first 5 months in office. The Hoover rally soared a total of 21 % since election day. Then the bubble burst 5 months into His presidency and he got the blame when the bubble popped.

The post-election Trump rally gained 6.0 to His inaguration day and continues. This is so much like 1929 it is amazing. But just like the stock market bubble that Hoover inherited burst, so to will our current stock market bubble burst on Trump and He will get the blame, just as Hoover did.

'We are in a big, fat, ugly bubble.' So said Donald J. Trump at the first debate on September 28, 2016. The bubble didn't disappear when Trump got elected. It was bubble when Obama was president and it's a bubble now that Trump is president. Don't be blinded by your political ideology. It is bubble no matter who is president. Trump inherited a stock market bubble created by the Fed and he will likely be blamed for it when it bursts, as was Herbert Hoover right after he took office. Hoover became the fall guy for the crash. Whether you love him or hate hiim, the media will make Trump the fall guy for the bubble popping and the coming crash.


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