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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.”
So today the big news is Ransomware, Comey's "memo" to himself and the big 370 point down day in the market. What a hot mess this is! First we have the rabid media and the over the top Democrats going batcrap over Comey suggesting he made a note to himself that Trump had asked him to lay off of Flynn. Then of course the already "old news" of a test run of malware that swept across 150 countries and 200K computers demanding "bitcoins" for payment.
Those two added up to a pretty hefty plunge in market land, with the DOW off 372 and the S&P cratering for 42. So in tonight's free investing newsletter we talk about the ransomware, the Comey "thing" and of course what the market's look like. I suggest you give tonight's letter some extra attention, because 1) the ransomware attack was just the tip of a much bigger iceberg, and the markets? They're starting to look dangerous.
So, Comey is out. We'll talk about all that for the weekend. Today the newsletter is about the Greater fool theory, versus dividend paying stocks. Do you know the difference? Or better yet, does the difference matter? We gnaw on that topic today, so take a few minutes and see what we're whining about. Then we move onto the actual market itself. We've sure put in a lot of tight sessions lately. Are they going to break us free and we go on to set even more all time highs? We'll see.