April 3, 2017
(April 5 UPDATE: ADD to UNG if gets above $7.89 and stays there.)
(April 4 UPDATE: Still holding UNG trade. If you see price spikes today or tomorrow, keep ADDING to position. We may play this trade for the next few weeks, but watching charts to tell us next step.)
We have seen a huge number of dividend payments coming in from the Core Portfolio holdings over the last days….the portfolio has been doing very well over the last year.
So far the Trump record really sucks. If he doesn’t start getting his act together, get programs passed, and acting Presidential, we will be placing sell stop orders on numerous positions.
The stock market may start dropping significantly if things don’t change, and we will want to get stopped out to save our profits. We support Trump in what he is TRYING to do. But the liberal press is trying to kill him, and their criminal distortion of the facts is really swaying the public opinion. So we wait and watch.
(We are not talking about the next few days and weeks. But unless Trump gets his programs approved in the Spring and Summer, we are going to start seeing declines in the markets.)
Here is the important point from this newsletter (link above):
The point to be made here is that while there is much “hope” the Trump administration will get its “act together” and move legislative agenda forward, the markets are not going to wait forever.
There is a rising risk the “Trump Trade” may be nearing its end and, for investors, there is a much greater risk of “disappointment” than there is of “positive surprises” at this juncture.
Bill Maher, host of HBO’s “Real Time,” finally said something on his late night talk show that seems to make some level of sense. Just as Hillary has started to take a more active role in organizing the Donald Trump “Resistance” movement, a move that has sparked rumors of yet another presidential run in 2020, Maher took to the airwaves to implore Clinton to go back to the woods where she ‘found’ herself just a few weeks ago.
“Hillary, stay in the woods. Okay. You had your shot. You f*cked it up. You’re Bill Buckner. We had the World Series, and you let the grounder go through your legs. Let someone else have the chance.”
“This to me — the fact that she’s come back, it just verifies every bad thing anyone’s ever thought about the Clintons, that it’s all about them. Let some of the other shorter trees get a little sunlight.”