INVESTING IN THIS ECONOMY, Part Two
Well, it's October 31st and time to make commentary in this market, with a smidge of October thrown in. Where there's One, there should be aa Two. Please know that I watch the financial stations for hours a day. I'm into Politics and Commerce. No, not just a little—it consumes me. So let's get to some info.
- There seems to be a money-flow away from bonds to stocks.
- Added to that, there is a move of investors looking for Dividend paying stocks.
- Europe is not fairing anywhere close to what the economy is doing here. When I first wrote the preceding sentence, I misspelled fairing. I spelled it firing. I could of/should have left it alone.
- We are at 3.5% growth and expecting it to go higher. Europe is at .2%—2/10s of one percent. This is like we were under President Obama. We were less than 1%, for more than one month/quarter. There are a few EU countries with greater percentages than that, but not by much. Socialism fails every time it's tried.
- Speaking about the EU and other statist regimes, they want to impose a tax of these high-flying companies. And this will be on the gross, not the net. It's horrible. Wash. State has such a tax—1.8%, driving out many companies. Boeing is one of note. The state tried to blame it on Puget Sound Traffic..
- Consumer Confidence has not been this high since 2,000.
- One commentator (Ray Wong) on FBN, said it's impossibe to time stock purchases right. I primarily agree. The economy is doing really well. There are huge Stock Buy-Backs going on and announced.
- Michelle Mckinnon, on FBN, commenting on the big High-Tech companies, said, "Eventually prices will catch up with earnings." There are billions of dollars of earnings.
- 88% of news/commentary on ABC, CBS and NBC is negative to conservatives. Higher for President Trump.
- I like this market and don't want to miss out.