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The market is anticipating Cheato's return. 
Viva Trump! El Doofus!
Today everything got bid up. Tech and value. Wall Street would really like a soft landing. Bullish stocks in their blow-off top phase have been known to sprint 30% to a peak. Don't know if market averages could compete. That would make 50,000 a target. Valuations are expensive but there are some earnings unlike 2001 or 2008. And once everyone hears interest rates are coming down, there is a rush to buy anything that delivers any type of yield.
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