The Deep State Moves on Trump
The Deep State Moves on Trump by David Stockman – Daily Reckoning
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I began yesterday’s post with a warning about the ludicrous complacency rampant on Wall Street, and that its days were numbered. And that was before the New York Times’ incendiary story about Comey’s butt-covering notes on his alleged conversations with the Donald:
The Deep State has just dramatically escalated its war on President Trump but the Wall Street revilers apparently couldn’t care less. Indeed, when the machines tagged 2402 on the S&P 500 yesterday, it was surely a historic case of “look ma, no hands!”
So here follows some ruminations on why the gamblers will rue the day, and soon…..
Needless to say, it appears that the rueing has already begun.
The overnight media feeding frenzy has finally struck Wall Street in the manner of a two-by-four landing squarely between the eyes.
The Dow has actually dropped 373 points and the VIX “fear index” has shot back way above 11 for the first time after dwelling a record three weeks in the sub-basement of history.
To be sure, this latest “bombshell” is just another installment of the Deep State’s campaign to remove the Donald from office based on the trumped-up Russia meddling story. In this case, it’s even focussed on the thinnest aspect of the entire cock-and-bull narrative.
The bogus allegation charges that General Flynn jeopardized national security by offering an olive branch during his late December call to Russian Ambassador Kislyak after Obama’s final temper tantrum about the Dems election disaster.