Flynn Lies: Ouch but…

While there’s always a chance it’ll be different this time, just a reminder that these inflammatory events, whether political or geopolitical, tend not to in and of themselves affect the market in a negative way beyond the immediate reaction, when all the knee jerks start pressing sell buttons and puking in their mouths.

Michael Flynn Pleads Guilty to Lying, Says Trump Team Knew of His Russia Talks

The more salient point IMO is the thing in red above the inflammatory headline.

Think about it, it’s the REPUBLICAN tax bill, not the Trump tax bill. It’s the TRUMP administration, not the Republican administration. I know, and I believe the Republicans know that the sooner Trump is kicked out on his ass, the better for this country.

I am certainly not defending the stock market as some die hard bull, but I am being consistent in telling you that it is usually to our benefit to tune out hysterical noise like this.

Now if you’ll excuse me, I have to go out for much of the rest of the trading day.

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