Wednesday, November 09, 2016
We were investment prepared no matter who was elected. It’s time to move forward and not look back.
What we learned?
Pundits, pollsters, elitists and the establishment have no idea what they are talking about. Their election predictions were atrocious.
Trump is, no doubt, like all of us, a flawed human
He is basically a real estate salesman, promoter, developer – he will want to make things happen, to build things
He is not owned by any special interests
What effect this has on markets?
Good news for equities (business deregulation, tax cuts, business friendly environment)
Perhaps bad news for bonds (inflationary spending)
What we are doing?
We will be buying stocks on any dips
I am disappointed this morning as I write this at 8am, that the Dow Jones Industrials futures are showing down only -251, instead of the -800 I saw in the early morning, I want to buy stocks at lower prices.
I encourage all of you to watch and listen to billionaire German-American Peter Thiel give an intelligent thoughtful speech October 31, 2016 at the National Press Club about defective American economics: