Kerry Lutz's--Financial Survival Network

1. 1. Markets down big on the back of 2nd European Covid Wave. Markets are down 2.5 % except for Nasdaq 1.7%, S&P 500 down over 2%. Hospitalizations are up. Caution going into the election. All election induced. How long with the post-election chaos last for? Probably the most divided time for our country since the Civil War. Hopefully people will wake up. Biden’s campaign is flagging. He’s unintelligible. He’s been on the take for decades. The laptop disclosures have been shocking. Word is getting out, despite efforts to supress the story. Trump supporter caravans are breaking out all over. 5th Avenue in New York.

    

   2. Anti-covid riots cropping up all over Europe. People are done with this. They want to get on with their lives. Will they be able to lockdown everything again. 

    

   3.Earnings are coming but they are taking a back seat to the election and Covid. Highest number of reports coming this week. SAP, huge German company getting absolutely slaughtered, down 24%. 

    

   4. Election outcome, you can speculate on your own. 

    

   5. Gold is up slightly. Silver down about 1%.

Might not be a stimulus bill before the election, which means before January. Major economic disruption if so... let’s go through some of the things that would happen.The game is still ongoing and there’s a number for how low the stock market goes until they see reason. 

It’s earnings season, and the biggest bright spot will be the gold miners. Record number of Zombie companies who’s interest expenses are greater than their profits. Stimulus is coming. 

Commercial real estate is tanking: NYC hotel occupancy rates now around 10%, San Fran office vacancies surge, apartment rents plunge.

The real story of the Biden laptop is the censorship by Twitter and Facebook (and WaPo)

Post-election violence is baked in the cake. 

http://www.financialsurvivalnetwork.com/2020/10/escape-from-new-york-and-blue-cities-while-theres-still-time/