Mon 11/1/23
Hamas in a Russian TV interview claims to have been working on this attack for the last two years. That makes perfect sense as
major indexes peaked between Nov 2021 and Jan 2022, exactly two years ago. Today Hamas promised more attacks.
Decades ago immigrants came to the USA wanting to become citizens, no longer Now they are marching in London, Berlin, Paris ad around the US displaying flags of mostly failed countries. So called students at college campuses are writing in support of the brutal attack on the music concert in Israel. The bear market is only two years old and already we are at this much negative mood. Just wait for another two years! Amazingly the US markets have held up relatively well, a loss of about 3,500 points for this leg.
Leaf through the WSJ and notice the number of disappointing reports, the latest is CAT. China's real estate troubles will not go away with Evergrande and Circus Garden now missing payments. Yemen Houthis have joined Hamas.
The Union President, Biden,now has a inflation increase for the next four years with the auto agreements. Hollywood and Health Care strikes are not resolved.
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