You've Lost That Loving Feeling

Back on September 13, 2012, my post, which was entitled, "And the Winner of the 2012 Presidential Election Is?" made the following statement: (Pay close attention to the last sentence.)

"Underlying social mood as manifested in the stock market remains positive going into the November election.  Therefore, the probability of President Obama being re-elected is high!  So, how can one use the above information against the backdrop that the next four years will usher in the largest economic/financial disaster known to man with the DJIA selling for 1,000?  (Yes, the coming economic downturn will be greater than the Great Depression of the 1930s.)  Given the scenario, I don’t consider who ever occupies the White House will win any popular contests.  Remember that over the next four years the expected social mood of this country will change from positive to very “bleak.”  Therefore, the man that occupies the Presidency will undoubtedly be highly despised."

Here we are eight months into President Obama's second term, and his popularity has drastically shifted against him.  CNN reports that for the first time in his presidency, half of the public doesn't think that Barack Obama is honest and trustworthy.  So far into his second term, we have had one scandal after another -- "Associated Press, IRS, Unwarranted Electronic Surveillance of U.S. Citizens, and Benghazi." And, this is after only eight months.  So, the trend change in social mood for President Obama and Wall Street is only going to get much worse.  In regard to Wall Street, the manipulation of financial assets (stocks and bonds) by the Federal Reserve System will end in disaster over the next three years, specially the date to watch is September 13, 2015.  (See my post of November 19, 2012 by clicking here for the reason why September 13, 2015 is significant.)