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Other Stuff
Two big observations regarding the news today. Like him or hate him, again Trump is proven right again.
First: Trump was right about James Comey. He had every right to fire him. Should have been done sooner.
Second: Trump was right about "the Fed." The chairman as much during the press conference Q&A when he said he/they made a mistake by raising rates earlier; not cutting them soon enough. That's exactly what Trump had said all along.
Pretty remarkable. I doubt mainstream media will pick up on these two observations.
In addition, three comments on this story, why one investor is not concerned about Warren Buffett sitting one $130 billion in cash. One observation regarding the story; and two observations regarding the comments. Fifty comments so far.
- malarkey: that he's sitting on $130 billion in cash to cushion a possible implosion of the stock the day it's announced he or Charlie Munger is in the hospital
- foolish: if that $130 billion is only earning money market rates, he is an incredible foolish investor; he always says he "bets" on America and there are plenty of great American companies paying much more than money market rates
- idiots: I can't believe all the folks commenting about preparing for the recession that's right around the corner. A recession can't possibly happen any earlier than 2H20, and does anyone really think Trump will let the economy contract during his re-election campaign? Trump controls the timing of the Chinese tariffs and that's the third pillar of the three-legged stool driving this market
On another note, I've never had so much fun as now, after Schwab lowered commission fees .... to $0.
Disclaimer: this is not an investment site. Do not make any investment, financial, career, travel, job, or relationship decisions based on what you read here or think you may have read here.
Futures me squat, but right now they are green.
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