Fake News -- It Never Ends -- January 20, 2018

Wow, it's hard to keep ahead of all this fake news. One has to always be on one's toes, as they say in the midwest. 

Yesterday, Yahoo!Finance had a banner suggesting that Obama's first year stock rally was better than Trump's first year stock market rally. I made my comments at the link.

It turns out it was fake news anyway. Whatever.

From a screenshot taken yesterday on a story reported the day before by CNBC. If it's a business story on CNBC, it has to be true. The screenshot:

So many story lines, but I have to move along.

By the way, the Dow went from solidly negative to solidly positive at 2:23 p.m. Friday afternoon (yesterday) immediately after it was reported that Senator Charles Schumer had left the White House with no budget deal in hand, and by implication, the US was headed for a government shutdown.

That tells me the market was very, very happy with that outcome.

We'll see Monday.