Because it won’t last.
Yeah, I’m losing money on the stock market and guess what? I’m not really worried about it. I can give you about half-a-dozen reasons for this, without breaking a sweat. If I was Dictator for a Day, I’d carve these in stone.
Number One: I have faith in the stock market. It goes up and down up and down up and down, but that’s always been within an overall upward pattern. It’s always up and down because it’s a bit schizophrenic. Maybe a lot schizophrenic. Truth told, what I have real faith in is America and American free-enterprise.
Number Two: I have faith in Donald Trump. This isn’t blind faith. I didn’t just grab a MAGA hat, one day (I don’t even own a MAGA hat) and say “Well everything that Donald Trump says is right…” But if you look at his record, it’s pretty damn good. He’s always over the target. You can tell by all the flack going up.
Number Three: Exactly half of what we’re hearing right now - that Trump‘s tariffs are not going to work - is coming from the side that doesn’t want him to succeed. I didn’t listen to them before. Why should I listen to them now? If they have a cogent, coherent argument backed up with evidence I’ll listen. I have listened to some of the argument. I can’t get through life without hearing it, but the question is, am I going to pay a lot of attention to it? No! Fact is, these are people who would whine if Trump told them they’d each get a million dollars every year, tax free, and get laid at least once a year. (Hey -even Trump’s not a miracle worker.)
Number Four: The tariffs aren’t the carrot, they’re the stick. Trump says almost every country on the Trump Tariff list wants to negotiate, now that the tariff’s are on the other foot. Countries that successfully negotiate to reduce or eliminate tariffs will profit by selling more goods in the U.S. And Americans will benefit by increased demand for U.S. goods in those countries. That will increase production here, which means more jobs. This aspect of the Trump Tariffs is not getting enough coverage in the mainstream media. The unions backing Trump’s Tariffs should park some of their operatives outside liberal media offices with baseball bats. Because that’s about what it will take.
Number Five: Trump knows more about business than me (Who doesn’t?) and he probably knows more about business than 95% of the people in this country. Which means, in the world. So yes, I’m losing money, but if it takes a little bit of losing money for a while to make it all better, I’m in. No pain, no gain. Conservatives will grin and bear it. The Libs are the stuck pigs you can hear screaming as you read this.
I’m no expert on the stock market, but I have always thought the ups and downs we see every day - and that the news media just lives by - are created by a very small group of investors: the schizophrenics, the day traders, the nervous Nellies. Below the choppy waters they churn are the slow and steady upward currents of the American marketplace.
Number Six: If you don’t have faith in the American marketplace, there’s nowhere else to go .. so just hang on for a while. The guy with the best analogy about this is the one who said it’s like a pilot telling passengers “We’re gonna go through a little bit of turbulence, but there’s smooth sailing on the other side of these clouds.”
For liberal pilots: this ain’t a sucker hole.
excellent take Mr. Dean