The stock market has taken a "precipitous" plunge on the eve of Christmas!
While those who make a living from following and reporting on the market's behavior, their tendency to report on what's going on regarding this event, in my opinion, is missing the bigger picture of why investors are selling shares.
Of course, the Media (D) is no doubt taking this news and carefully crafting it to come across to the viewer that it is because of the president's actions and policies; ie: his unwillingness to sign any legislation which doesn't include funding for the wall on the southern border. Their view is akin to focusing on one's nose, while not looking at the horizon ahead of you. I know my financial planner has always harped on the attitude that if one' going to invest, one must go into it with a 30+ years view.
This, naturally, will dampen, if not cause varying degrees of anxiety and fear by those don't understand the possibility of another factor which plays into this situation.
This MSM angle is ignoring the reality of the situation. Investors buy because they are confident that the policies will ensure that their investment will grow and make them more wealthy. So, if these investors have been paying attention to the political scene - and any wise investor does - he/she will have determined that with the House about to be taken over by the liberal/leftists next month, now is the best time to pull back whatever gains they've made.
They know from the eight years of the Obama administration that Democrats are not only anti-American in their attitudes, but that they are now hell bent on doing whatever it takes to hinder anything they can of Pres. Trump's future actions; including commencing impeachment hearings and causing further declines in the confidence of investors and economic growth.
Rush Limbaugh on today's - he was live on Christmas Eve's morning show - third hour opening spoke to this point. When the transcript is posted, I'll put it up here.
Then too, there may be another factor which could be playing into this scenario, which I posted about yesterday, potentially occurring within the next week.
No comments:
Post a Comment