Yes, when it comes to the stock market, investing and business in general, money still rules over political agendas and media bias.
Greed may not be a virtue, and in fact it’s one of the “7 deadly sins,” but at least it doesn’t pretend to be something it’s not.
“Money” will always react in its own best interest, regardless of who or what is responsible.
“Business is business…, it’s nothing personal.”
The “biased, liberal, fake news media” and the democrats can try and spin words, events and policies any which way want, and millions of gullible Americans may buy what they’re selling, but money cuts through all of that and focuses on reality, not propaganda.
On the eve of the presidential election, in November of 2016, when all of the “biased, liberal, fake news media” pundits, experts and talking heads predicted a stock market collapse, and basically the end of the world should Donald Trump win the election, “money” was prepared with the appropriate reaction.
Even Matt Egan, of CNN Business News had to admit that, “Wall Street welcomes Trump with a bang” the day after the election.
“That didn’t take long,” Egan declared. “An overnight panic in global markets evaporated as Wall Street gave an emphatic welcome to President-elect Donald Trump.”
Huh? So what happened to all of that “end of the world” propaganda talk from these so called “experts” that we were hearing less than 24 hours earlier? Well, these “experts” had moved on from that “hit job,” and they were already doing their “swampy” best to downplay The Market’s reaction to Trump’s election, putting the whole thing in the proper perspective for all of the rest of us, and attempting to dampen any and all positive reactions to it.
The facts are that, The Dow soared 257 points and brushed up against lifetime highs already on Wednesday, the day after the election, defying those who predicted Trump’s election would bring about a plunge in the stock market.
Peter Kenny, an independent market strategist, admitted that the market, “Greeted Trump with a far more positive footing than I expected. He’s receiving a very warm welcome.”
So, if you ever want to get an honest reaction to any events or policies, just watch how “money” reacts to it.
It’s a safe bet every time.
“For the love of money is the root of all evil…” – 1 Timothy 6:10
“The lack of money is the root of all evil.” – Mark Twain
“We live by the Golden Rule. Those who have the gold make the rules.” – Buzzy Bavasi, Major League baseball executive
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Thank you, MrEricksonRules.