For all you know, the same people who control the NY Times and Huntington Post are making me write this, so you should you even keep reading?
So, based purely on observation of the strange market trends over the last six months, it seems that the market’s new money scored big after Trump’s victory, then fell into the trap of chasing hot stocks, behavior associated with the market’s dumbest money. But why? Presumably, the owners of the money jumped into the market because they were listening to their money managers — the Trump bump couldn’t have happened otherwise — but some must have taken to going it alone, because SFO managers would never condone the market’s current excesses, ($60 billion market cap for Tesla?)
So why are these otherwise savvy players ignoring what I and so many others in the financial media are warning them against? Might it be a side effect of an immense, short-sighted effort, reaching to the White House itself, targeting people of this very ideology and instructing them to mistrust the media? As bizarre as it sounds, I’ve been accused, simply for explaining that the market was overpriced based on P/E ratios, of being a part of a media conspiracy. If they only knew.
I promised a weird trick to help you not lose everything in a stock market crash, so here it is: never let anyone persuade you that intelligent investment analysis has anything to do with your political views, whatever they may be. Boom, I just saved the retirement of anyone still listening, if only anyone were.