If instead of a gem, or even a flower,
we should cast the gift of a loving thought into the heart of a friend,
that would be giving as the angels give.
George MacDonald
Investing in the Age of Trump
In a reader drought where my readership seems to struggle just to get to double-digits, at least one post has quietly built into a semi-viral status, picking up 3 or 4 pageviews a day well over a week since publication (it's fairly unusual to get that response from most posts more than a day or two after initial publication. Maybe it's the intriguing title (here a heading) or some of my advice.One brief followup: sometimes you have to ride out this Trump mini-corrections like last Friday's sudden drop in the market, which seem provoked by rumors that Trump was going to seek delisting of Chinese shares. There's been a pattern of Trump saying stupid things about trade which will take down the market a point or two. Eventually the market fights its way back up over the next few sessions. There are no guarantees the trend is sustainable; I'm still holding some cash on the sidelines and aren't really in a hurry to buy into a Trump dip. I'm constantly reevaluating current holdings. Tech stocks are still about 4% off their highs, and there seemed to be a short-term trend into value stocks. But I'm really picky at this time, and nothing is exciting me. The third quarter seemed to hold its own, despite Trump's idiotic tweets.
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Choose Life
Political Cartoon
Courtesy of Tom Stiglich via Townhall |