February 5, 2019. We sold MDLQ this morning at a tiny loss. Medley is trying to arrange a merger of three companies, and it is not going well. There is the potential for a total loss of MDLQ and also MDLX.
We also want to sell MDLX but it is dropping quickly and we are ‘hoping’ for some sort of rebound today. But if that does not happen, we may sell tomorrow at a loss. Investors have to expect these types of bad situations, and in most cases it is best just to get out before you lose everything.
Last year we took a big hit on MIC but we decided to stay with it. The price is heading up, and it IS paying the dividends so that gives us small satisfaction.
YES WE ARE QUICKLY HEADING FOR SOCIALISM. That is NOT a good thing.
Surveys are showing overwhelming support for raising taxes on top earners, including a new POLITICO/Morning Consult poll released Monday that found 76 percent of registered voters believe the wealthiest Americans should pay more in taxes. A recent Fox News survey showed that 70 percent of Americans favor raising taxes on those earning over $10 million — including 54 percent of Republicans.
The Super Bowl ratings were the lowest in ten years.