Friday, February 17, 2017

The Market On Friday

  Good morning. It is 25 degrees and mostly sunny here in the Upper Hudson Valley, the forecast predicts a sunny-ish day with temperatures around 36 degrees this afternoon. The long range forecast predicts a warming trend with temperatures in the 40s and 50s over the next week. That, is pretty warm for this neck of the woods in February. Well the dust is settling after that utterly bizarre press conference from Dear Leader. The world's most brilliant, endowed, fundamentally perfect human being, a man who transcends humility and manners, and let's not forget that he's a billionaire and won the election with the greatest electoral vote total since George Washington, put America in it's place, but good. We underprivileged, light weights need to bow down to Dear Leader, a man whose every word acts like a saber cutting through the dimention-less drivel of a vast lying hateful conspiracy, promulgating deception, poverty, and corporate regulations through this great land. All hail Dear Leader.

  At 9:20 a.m. ET DOW futures are -62 and the price of oil per barrel is down. The market is poised to open moderately lower.

  The head of Samsung is now being carted off to jail for a list of corruption charges a mile long. Do I have to throw my Samsung phone away? Looks like the market is taking a pause, a step back as it were, as investors reassess.

CNN: Samsung arrest; Trump visits Boeing; Investors pause by Alanna Petroff
The (equities) push higher has been attributed to President Trump's plans to boost business, cut taxes and deregulate various sectors of the economy.

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