WASHINGTON, January 11, 2019: There’s already been plenty of economic and political news in this, the first month of the new year. But it’s been hard to get the lamestream media to focus on it. Instead, they’ve been transfixed by the publication of “Fire and Fury” and its subsequent, predictable fallout. Michael Wolff’s part fact but mostly fiction-and-hearsay book – penned an author already known for his slipshod research and sloppy writing – has focused the media on Crazy Trump instead. They should be looking at the stock market instead.
Having just about given up on impeaching Trump for crimes that were committed instead by Hillary Clinton, the Clinton Campaign, the DNC and perhaps FBI and DOJ higher-ups as well, the Soros-funded, Marxist-based “Resistance” has decided to try its hand at getting our duly-elected President Crazy Trump thrown out of office under the 25th Amendment to the Constitution.
The problem is, this confederacy of dunces is relying primarily on the writings of a known fabulator. They’ve also re-surfaced another a scurrilous tome – “The Dangerous Case of Donald Trump” – to buttress their phony case. This one was written/assembled by Bandy Lee et. al., in direct violation of the American Psychiatric Association’s ethical guidelines.
But, whatever. It’s all important work for the “Resistance,” right? It might also be that Bandy is an Assistant Prof in Law and Psychiatry at the Yale School of Medicine. Which means she’s angling for tenure. So we have to admit, this is as good a ploy as any for cozying up to the doctrinaire Marxists who are always in charge of granting tenure. Bringing Crazy Trump down would earn rank and tenure for sure. Plus, an “anthology” type of book like this one, where others contribute most of the verbiage, is a quick and relatively easy way to log a publication credit. You’ve got to give Bandy credit for bandying this scurrilous nonsense about.
But we digress. All this s— and shinola is deflecting attention from the crucial political battles in Washington, as the #RealDonaldTrump tries to follow up his and the GOP’s December tax bill triumph by getting over the Democrat-imposed government shutdown hurdle and the Obama-imposed DACA mess.
Meanwhile, Wall Street continues to celebrate Trump Rally Part II, banging the drum loudly by bidding stocks up, up and away! Investors don’t care about sloppy “reporters” and deranged psychiatrists. Trumponomics has been good for them, even though most of them will swear they never voted for Crazy Trump and never will.
True, everyone took a pause Wednesday to take some profits, which have already been impressive this year. But they’re all back at it again today, bidding the Dow up 144+ points as we write this at 1:46 p.m. ET. The broader-based S&P 500 and the tech-heavy NASDAQ are rallying in equal proportion.
Markets are going to get hammered hard to the downside at some point. If this rally goes parabolic – i.e., straight up – it will likely take a terrifying drop to get some sense back into traders and investors alike. But each new day brings more trades, more news, more corporate initiatives that indicate the GOP tax cut is doing its job stimulating the economy and investment alike.
Funny, the LightWorker, our previous president, could have done the same thing Trump and the GOP have just done, and he could have done it roughly 6 years ago. But he didn’t. Trump did. So the green light remains on 24/7 for investors right now.
But beware: We’re on the cusp of our next “earnings” season reports. Stocks that fail to signal present and future brilliance will be promptly taken out back and shot. We’ll all have to be careful not to be in those stocks when this happens.
More later, as things unfold.
*Cartoon by Branco. Reproduced with permission and by arrangement with Legal Insurrection.