Why We Just Sold Half of Our Stocks

We've already sold all or part of 52 different stocks this year - more than any other period in our firms' history. That's because there are five cracks forming below this market that threaten us with a widespread collapse. We could see the market tumble by 50% and unemployment will triple.

Scaramucci: Trump Wins Billionaires' Support Despite Coming Off As 'Raging Lunatic,' Harris Backs A 'Ridiculously Stupid Idea'

Shanthi Rexaline
September 01, 2024

On his weekly podcast, former White House Communications Director Anthony Scaramucci delved into how Vice President Kamala Harris fared in her recent public appearances and also the potential secret weapon that Donald Trump may have on hand.

DNC Speech Impact: Harris did not get the biggest bump in the polls that she deserved, said Scaramucci in the latest episode of the Rest Is Politics US podcast. “I thought her speech was great but it’s telling you something that I think her strategists know: minds are made up,” he said.

The businessman and founder of SkyBridge Capital said the vice president did a very good job and that she is running an “incredibly disciplined campaign.”

But Scaramucci expressed fears concerning her substance, adding that if she were to tell people that Democrats would tax unrealized gains, she will lose the election. The richest people are taxed and the government gets a majority of the share of the profits they make and if the latter is going to tax the investments of the former is making on their share of the income invested, it is going to be basically a disincentive, he said. “So, it’s a ridiculously stupid idea,” he added.

See Also: Trump Vs. Harris: Polling Veteran Nate Silver Says Vice President Has 97% Chance Of Winning Electoral College if She Secures This Pivotal State

Trump Can’t Stay On Message: Although it would benefit Trump to stay on message, Scaramucci said that Trump is never going to do that since he is a “pure narcissist.” The ex-White House aide also said he sees Corey Lewandowski, who was recently brought back to Trump’s campaign team, as the ex-president’s “secret weapon.”

Chris LaCivita, who was also rehired, and Lewandowski are going to be at odds as they see the world differently but they are going to try very hard to stay composed because they have got a sprint here for the next 68 days, he added.

Trump, however, is not on message; he sounds like a “raging lunatic,” Scaramucci said. The businessman said his billionaire friends threw their weight behind Trump despite that because of the tax issue.

Sept. 10 Debate: The Harris campaign’s attempt at getting the microphone left on during the Sept. 10 debate could be a mistake, said Scaramucci. “They’re trying to push him and they’re trying to say ‘Hey! let’s get the mics open you know, you’re the big bully you want to be talking and you want to talk over Vice President Harris,’ but he’s not stupid, he knows it that the way that rules were set up were to his advantage and so I don’t think he’s going to break on that and I think they have to fold on that I think,” he said.

Scaramucci also listed things that the Harris team should focus on while prepping her for the debate. “Number one – you’ve got to be on offense,” he said, adding that when Trump starts on you, you got to go on offense.

The other thing Harris should do is to feather in on some words such as “small” and “old,” he added.

Check This Out:

  • Lawmakers Made Huge Investments This Year. Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool

Continue Reading...

Popular

Asian stocks mixed amid weak China data after Wall Street closes the best week of 2024

HONG KONG (AP) — Asian stocks were mixed on Monday with several key markets closed for a holiday, after U.S. stocks finished their best week of the year and climbed to the cusp of their records.

Former Deputy Claims Harris Helped Close Backpage, Fallout Affects Sex Workers

In the midst of the 2024 presidential campaign, Kamala Harris finds herself under the microscope for her involvement in the closure of Backpage.com, a well-known online platform for adult services, during her time as the Attorney General of California.

President Trump and Elon Musk Issue Stark Warning - Ad

Both President Trump and Elon Musk are warning about something that could send the market down 50%, real estate down 40% and savings accounts down 30%.

Harris, Trump Films To Hit Theaters Weeks Before 2024 Election: One Candidate Tried To Block Movie From Release

Movies about Kamala Harris and Donald Trump hit theaters in October. Find out the differences between the movie and why one candidate wants a ban.

Elon Musk Laughs At The Idea Of Dick Cheney Supporting Kamala Harris For President

Elon Musk humorously commented on the recent endorsement of Kamala Harris by George Bush Jr.-era former Vice President Dick Cheney.

The No. 1 AI Stock of 2024 (Not Nvidia) - Ad

It's not Nvidia, Meta Platforms, Alphabet, or Amazon. But thanks to a recent major deal, an under-the-radar stock could become the No. 1 winner of the AI boom. "This company just teamed up with one of the biggest power players in the AI industry... yet you can still buy it for just one-twelfth the price of Nvidia -- the time to buy is NOW," says Marc Chaikin.

Harris Vs. Trump: Vice President, Former President Tied In Swing State, But One Candidate Dominates With Independent Voters

Donald Trump and Kamala Harris are tied in the battle for seven swing states in a new election poll. A look at the results and how one candidate may still be winning.

What If Kamala Wins? The 3 Words That Will Change Everything - Ad

The same team that predicted Biden's downfall ... now warns of a new threat. Learn how to safeguard your future.

More Hong Kongers tune out the news as they adapt to Beijing's tightening grip

HONG KONG (AP) — Hannah Wong cried when the Hong Kong government effectively forced and out of business three years ago. Among the last news outlets in the city willing to criticize the government openly, many saw their end as a sign that the old Hong Kong was gone for good.

Court revives Sarah Palin's libel lawsuit against The New York Times

NEW YORK (AP) — A federal appeals court revived Sarah Palin’s libel case against The New York Times on Wednesday, citing errors by a lower court judge, particularly his decision to dismiss the lawsuit while a jury was deliberating.

The "Amazon Coin" -- To Be Bigger Than Bitcoin? - Ad

Starting September 23rd, this tiny 3-cent crypto could partner with one of the biggest companies in the world... Amazon. Declassified video reveals "Amazon Coin" ahead of $27 trillion crypto revolution. One team of crypto experts have identified it as the most promising crypto of 2024.

Maryland awards contract for Francis Scott Key Bridge rebuild after deadly collapse

BALTIMORE (AP) — Maryland transportation leaders on Thursday approved a contract for rebuilding the Francis Scott Key Bridge several months after the 1.6-mile (2.6-kilometer) steel span of a massive container ship that lost power and crashed into one of its supporting columns.

Mark Cuban Wonders If SEC Chair Gary Gensler Is Doing 'Everything In His Power' To End Elizabeth Warren's Senate Career

Billionaire investors and television celebrity Mark Cuban threw a jibe at SEC Chair Gary Gensler, questioning if he is deliberately trying to weaken Senator Elizabeth Warren (D-Mass.).

The Last Time Gold Flashed This Warning Sign, the Market Dropped 80% - Ad

Both President Trump and Elon Musk are warning about something that could send the market down 50%, real estate down 40% and savings accounts down 30%.

Donald Trump's Billions On Hold As Insiders Sell Off Truth Social Shares

Insiders at Trump Media & Technology Group owned social media platform Truth Social have started offloading their shares.

Apple's September 9 'Glowtime' Event Featuring iPhone 16 Launch Could Kickstart A 'Historical Period,' Says Wedbush Analyst Dan Ives

Wedbush analyst Dan Ives predicts a "historical period" for Apple, driven by the launch of the iPhone 16 series and its AI features, which could initiate a significant upgrade cycle during the upcoming "Glowtime" event.

A New Drug Set to Outgrow Zoloft and Metformin--Invest Now - Ad

A new breakthrough drug is predicted to hit 250 million subscriptions in the next SIX YEARS, according to Morgan Stanley. Even better, a tiny company - trading for only $7 - holds key patents on this new drug. But it won't stay under the radar for much longer.

AP PHOTOS: A ferocious blaze scars the land outside Greece’s capital

MARATHON, Greece (AP) — In the blackened remains of his workshop, sculptor Vangelis Ilias stacks what little is left of years of his efforts.

Harris campaign releases new ad to highlight plans to build 3 million homes, reduce inflation

WASHINGTON (AP) — Vice President has a new advertising push to draw attention to her plan to build 3 million new homes over four years, a move designed to contain that also draws a sharp contrast to Republican .

A 10,000% Dividend?!? - Ad

Have you seen this strange oil investment? It's NOT a stock, bond, or private company...It has NO age requirements...You do NOT need to be accredited to participate... And you can get in for as little as $25.

Psychedelic Church Opens In Colorado Springs, CO Making History

Meet Colorado's first psychedelic church in Colorado Springs, where magic mushrooms and DMT are used for healing and creating community.

Exposed: Democrats' Secret Plan to Keep Trump Out of the White House - Ad

Former advisor to the CIA, the Pentagon and the White House Jim Rickards just released this shocking new video exposing Democrats' secret plan to keep Trump out of the White House... Even if he wins the election. See the details and learn how to prepare... Because this could trigger the biggest constitutional crisis in our nation's history.

New US rules try to make it harder for criminals to launder money by paying cash for homes

REHOBOTH BEACH, Del. (AP) — The Treasury Department has aimed at making it harder for criminals to launder money by paying cash for residential real estate.

Trump In Trouble: Vice President Harris Leads Betting Odds For 2024 Election, Here's How Swing State Odds Look

A head-to-head matchup between Donald Trump and Vice President Kamala Harris continues to be fairly even with less than three months until the 2024 presidential election.

What Smart Investors Are Doing to Profit From the Election - Ad

While millions of Americans are fighting over who they want to win the presidential election... A small group of folks are quietly positioning themselves to profit from it by following a simple election playbook.

What's Going On With MongoDB Shares Friday?

MongoDB stock is moving higher after the company reported better-than-expected 2025 fiscal year second quarter earnings.

2024's Top Biotech Pick? - Ad

FDA patent pending for new drug delivery device. That means smart biotech investors are chasing reality not dreams.

Struggling To Connect On Tinder, Grindr Or Bumble? Dating Apps Now Have An AI Wingman For You

Leading online dating platforms like Tinder, Hinge, Bumble, and Grindr are incorporating AI-powered tools to enhance user experience by generating conversation starters, building profiles, and providing interaction feedback.

New "Living Missile" to Replace Nuclear Missiles - Ad

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

Cannabis Retailer Tokyo Smoke To Close 29 Stores In Canada As It Seeks Creditor Protection

Tokyo Smoke, a Canadian cannabis retailer previously owned by Canopy Growth, is shutting down 29 stores and restructuring under CCAA protection.

The Most Powerful Market Strategy You've NEVER Heard Of? - Ad

He's got a higher win rate than Warren Buffett, Carl Icahn, and Mark Cuban...but you've likely never heard his name. What's most amazing is that his unshakable strategy is working just as well today as it did during our long bull market. Even the Covid crash didn't shake it! He's been on a wild 6-year win streak (with no signs of slowing down) How does he do it?

Japan wants its hardworking citizens to try a 4-day workweek

TOKYO (AP) — Japan, a nation its language has a term for literally working oneself to death, is trying to address a worrisome labor shortage by coaxing more people and companies to adopt .

Turkey wants to join the BRICS bloc of developing economies, official confirms

ANKARA, Turkey (AP) — A senior official on Tuesday confirmed a report that Turkey wants to join the but stopped short of declaring that the NATO country had formally applied for membership.

Man Who Predicted Trump Win Issues Shocking New Election Prediction - Ad

In 2016, surveys were giving Hillary Clinton more than 99% chance of winning right up until election night. But right before the election... Former advisor to the CIA, Jim Rickards predicted Trump would win. You won't believe what he's predicting now. And it could have huge implications for the financial markets.

Trump Talks Legal Weed On Lex Fridman Podcast: 'We Can Live With The Marijuana'

Donald Trump appeared on Lex Fridman Podcast to discuss various political topics, including his support for cannabis legalization in Florida.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright technicaltrading.org
Privacy Policy | Terms of Service