I’m not willing to bet on this, yet, but I think FBI Director Comey is going to recommend that Hillary be indicted. If not that, then some of her underlings will be, like Huma Abedin. This is just a hunch on my part. I don’t have any inside knowledge or special insight. It’s just which way the wind seems to be blowing.
If so, I don’t think Bernie can be prevented from getting the nomination.
We’ve had one Jewish American Presidential candidate before, Barry Goldwater. But he was such an assimilated Jew that nobody even thought about it. He was a candidate of the Far West, my part of the country, and his views reflected that. His Jewishness was an afterthought.
Bernie’s a born and bred Brooklyn Jew, who honeymooned in the Soviet Union. He’s a professional political activist. That’s always how he’s earned his living. Like Goldwater, he’s not running to win, but to start a movement by taking over a political party. He’s like a left wing George McGovern.
1920 ain’t in it.
From a market perspective, 1920 was the beginning of the Roaring 20’s. Everybody did well. This could happen again. The greatest bull market in American history lasted from 1982 to 2000. I call it the Reagan Rally. I caught it in 1993 or so, and rode it all the way to January of 2000. I listened to Bob Brinker’s “Money Talk” on KENI, and he finally, at long last, put out a sell recommendation sometime in January. He said sell 60%, and keep 40% in the market. So I did that, and a week later sold the other 40%, so I was all in cash.
Two months later the bubble popped. I think the NASDAQ was at 5,000, and it fell like a rock. Babbie had made a lot of money in our law practice, and I doubled it in seven years. We paid a big capital gains tax, but there was no way around that. If you stay in the market to avoid paying a capital gains tax you’re a fool.
I’ve got Fox Business on mute, and it seems tomorrow is unfolding as hoped. Kasich should win Ohio, Florida is a lost cause, but I’m counting on the Republican machine in Ohio to deliver. They’ve been around a long time, and they know Ohio a lot better than Trump.