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4.10.2019 - Free Investing Newsletter Bookmark

Rumble in the Swamp

 

The left has been hanging their hat on the Mueller Report being the smoking gun that was going to prove collusion by Trump with Russia, and be the grounds for his impeachment.  But I’m sure you know, that the Attorney General’s assessment of the report was “there was no collusion.”

 

 

Yet the left isn’t satisfied and continues to send out their minions to say that there was “ample” evidence of Collusion. Well, Mueller spent 22 months, 25 millions of dollars, Hundreds of interviews, etc, etc. and he found none.

 

Now things are going to get interesting.  Now the gloves are going to come off. Think about what I was saying months ago about Why Trump didn’t fire Mueller.

 

Let’s take a walk down memory lane. Trump had every right as President to “fire” Meuller. The left screamed and threatened Trump saying “Mueller’s impeccable, do not you dare impede him!”  And Guess what? Trump didn’t. But what Trump did do, was give hints now and then that he “could” fire Mueller, only to have the left scream about how perfect Mueller was, and how they’d die by fire for him because he’s so honorable and wonderful.

 

Over and over the left sang the praises of Mueller, and it became VERY obvious to me that Trump was playing the left like a fiddle. He wanted the left to say that Mueller was “perfect”, the  best person for the job, incorruptible, the best of the best. He wanted them to sing it from the rafters.

 

Why? Because he knew that when all those millions and all those hours of investigation was over, and Mueller found NO collusion, the left was once again in a corner. They couldn’t say that Mueller screwed up, because they called him Jesus for almost 2 years.  They were so sure that Mueller had so much dirt on Trump that they wanted it known to everyone on earth that if Trump impeded Mueller in any way, it was because Trump was guilty.

 

Now however, things are going to be different, and it’s already starting. For the two years that the investigation was going on, Trump really couldn’t do much about the Comey’s and McCabe’s and the wire tapping, and FISA set up, and the rest of the spying and people going all the way back to Obama himself. Now, with Mueller’s “clearing him”, he’s got free reign to “punch back”.

 

I told you all so many months ago that Trump would not interfere with the investigation, and I said that he’d fully cooperate. He gave Mueller everything they wanted, and all the time and resources they needed. He wanted that investigation to go just the way the left demanded. Because now, the left looks remarkably sad.

 

The distorted hoops that Rachel Madcow, and Adam Schiff, and others have gone through since the Mueller/Barr announcement has been nothing short of eye rolling. They’re still declaring that there was collusion, and using some very twisted logic to get there.  But guess what? The fact is, that the more Mueller kept digging he found that all tunnels led back to Hillary and Obama.

 

Now that Trump can’t be accused of interfering with the investigation, Trump is now free to pursue his revenge and HE WILL GET IT.  Consider this statement he made to the press today:

 

President Trump: After wasting all of this money and all of this time with people who were haters. People that worked on the Hillary Clinton Foundation, people who were absolutely haters of Trump. They found no collusion. What has been found during this period of time are the illegal acts of getting this whole phony investigation started. And hopefully that’s where people are going now. And it’s very interesting. It was an illegal investigation. It was started illegally. Everything about it was crooked. Every single thing about it. There were dirty cops. These were bad people. You look at McCabe and Comey and you look at Lisa and Peter Strzok. These were bad people. And this was an attempted coup. This was an attempted take down of a president. And we beat them. We beat them.

 

Wow. There it is, the sitting President DECLARING on Media, that there was an attempted coup to take out a sitting president.  It’s out in the open now. Then in subsequent interviews he used the word “treason” towards these very same people.  

 

Do you see what’s happening here? He put up with 2 years of getting beat on, always knowing that “one day” Muellers decision was going to “head explode” the left, and then…he’d be free to start his own investigations.

 

Already Barr has said that “YES THERE WAS SPYING. Already the FISA investigations beginning have been mentioned. Already he has assembled a “team” to look into this. Check it:

 

Attorney General William Barr was questioned Tuesday by republican lawmaker Robert Aderholt about potentially fraudulent DOJ and FBI submissions to the FISA court – to gain a Title-One surveillance warrant against U.S. Person Carter Page.

 

In a deliberate response AG Barr stated: “The Office of the Inspector General has a pending investigation of the FISA process in the Russia investigation. I expect that will be complete in probably May or June, I am told.  More generally, I am reviewing the conduct of the investigation and trying to get my arms around all the aspects of the counterintelligence investigation that was conducted during the summer of 2016.”

Bloomberg Reports: Attorney General William Barr has assembled a team to review controversial counterintelligence decisions made by Justice Department and FBI officials, including actions taken during the probe of the Trump campaign in the summer of 2016, according to a person familiar with the matter.

 

 

This indicates that Barr is looking into allegations that Republican lawmakers have been pursuing for more than a year — that the investigation into President Donald Trump and possible collusion with Russia was tainted at the start by anti-Trump bias in the FBI and Justice Department.

 

Then we have Devin Nunes doing his work in the background:  Ranking member of the HPSCI Devin Nunes appeared on Fox News to announce a $150 million lawsuit against the McClatchy News Group for their part in a conspiracy to derail and manipulate the Clinton and Russia probes.

Here’s what he had to say:  They need to retract everything they did against me, but they also need to come clean with the American people," Nunes told Fox News' "Hannity" Monday night. "Retract all of their fake news stories. This is part of the broader clean-up. Remember, a few weeks ago, I filed against Twitter -- they're censoring conservatives. McClatchy is one of the worst offenders of this. But we're coming after the rest of them. I think people are beginning to wake up now, I'm serious -- I'm coming to clean up the mess."

 

And what about Huber?  No one’s talking much about him, and in fact, most don’t even know if he’s doing anything. This from Sarah Carter:

If there is anything we’ve learned over the past two years is that information leaked vociferously to select media outlets regarding the Department of Justice Special Counsel investigation into Russia and President Trump. On the other hand, it’s almost impossible to get information or leaks on the apparent DOJ investigations into alleged malfeasance by the FBI in the Trump Russia probe.

 

For two years, we’ve seen insurmountable evidence pile up against the DOJ and FBI. We’ve also seen extraordinary national security leaks against the president and those around him. DOJ and FBI officials, however, won’t answer any questions regarding these investigations. Instead, they resort to the “no comment,” send reporters on wild goose chases or just decline to comment.

 

Now isn’t that something? Either this guy is doing NOTHING, or HE’S running a very tight investigation. Which is it?  I suspect that he’s doing quite a bit. But he’s doing it with a very tight lid on things. The thing that blows up investigations, is leaks, and then they can run interference on you by the media. The idea that there’s been NO leaks, no nothing is quite interesting.

 

But wait there’s more. What’s Horowitz been up to? Remember him?  Let’s look:

IG Horowitz has been investigating whether Fusion GPS and Glenn Simpson, who commissioned the discredited Trump-Russia dossier for the Clinton campaign, failed to register with the Justice Department as foreign agents for Russian interests.

 

Here’s my point behind all this. Read Trump’s book. In it he gives his thoughts on Revenge. If he feels he’s been wronged, especially by someone he liked, he goes pretty rabid. For two years, his hands have been tied. Now the bonds come off, and I suspect he’s going to use the next year and a half going after everyone that tried to set him up, and yes that includes Hillary and even Obama.

The left is going to pull out all the stops in their attempt to stop Trump from winning in 2020, and Trumps going to focus on EXPOSING all the dirty rats behind the spying, the Uranium one, the DNC, the FISA, you name it. It’s going to be the biggest political fight ever witnessed in the US.

 

So, if you thought the constant drumbeat of 24/7 coverage of “collusion” was obnoxious, just wait. This is going to be epic folks. Really. Get your popcorn, because I think some big names are going to roast over all this.

 

The Market:

 

Pause time. After a pretty decent outing on Friday, Monday and Tuesday were pretty soggy affairs. We didn’t really see them “sell off” that much, but the overall feeling was soggy.

 

Today was sort of “mixed” as the NASDAQ gained well, the S&P did pretty well, and the DOW flirted on both sides of the unchanged line.

 

Yes there’s been a lot of “stuff” going on. We had the IPO’s, we had the minutes of the last FOMC meeting. But I think the most important thing on the plate right now is this: Falling earnings, and Falling profit margins are going to be hitting us during earnings season, just as the market is within spitting distance of the All-time highs.

 

Well, the minutes of the FOMC meeting was a non event. They reiterated the same “2019 is on hold” that we expected. The ECB had left their rates unchanged, which surprised no one. All in all, the market was willing to just sit there and wobble around.

 

I think they want to bust out and set some all time new highs, but with the stock “buy backs” in blackout mode right now, they don’t have much in the way of buying power out there.

 

( If you don’t know, there’s a particular period of time ahead of earnings, where companies can’t announce or do stock buy backs. The idea behind all that, is that company insiders can’t boost their stock prices, and they sell out their own positions, but when earnings hit, they suck and the stock falls)

 

So, we’re just sort of hovering here, waiting for earnings to start. I sold out of my CAT position, which sort of “bummed me out.”  At one point Friday I was up over 5 bucks a share, and after the selling Monday and Tuesday, it was up just over a buck and a half. I took that before it might have gone red on me.

 

I still have my SPY and QQQ positions, and both are up substantially for us. Now, we get to see if we’re going to make it “to” the highs, or if we stall out here. I think they want to try and test those highs, but can they do it if earnings start to come out really bad? We’re about to find out.

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