This is a great time for the market. There is optimism blooming (at least at Outback Steakhouse) and it’s fun to watch.
Here are some random thoughts:
- The President met with auto-makers and Union Leaders. A good time was had by all. I think there are many surprises laying in wait.
- For many aspects of my investing and trading, I look to and feel the meaning behind the words: “A stock price today is based on the anticipation of future earnings. I write about it often, but today I’m going to quote to the best of my ability, the words of Maria Bartiaromo, of FBN, Fox Business News. She was speaking fast, but her words were right on.
“It’s all about growth. That’s where you’re seeing the interest stock market, as well.
In the 4th quarter so far most companies are reporting better than expected earnings
and the growth rate for the S & P (something—indistinct utterances) is 4.4%, not much,
but get used to that.
“That’s their expectations, because of these (TRUMP) expectations of policy changes
coming out and the anticipation that businesses are going to look at this (economic)
environment, and say, ‘You know what, I’m going to start taking these things off the shelf,
and say, Let’s do this thing—that investment that we’ve been waiting 8 years to do.’ ” 3. Then another commentator stated: “Take off the handcuffs.” And then another comment by someone else: “Business has been taking it—turning full time jobs and making them part-time jobs.” And one last comment: “With the highest corporate tax rate in the world, we are driving firms overseas.”
These are powerful statements, and are indicative of changes to come. It is about growth, and creating more jobs. We as investors and Covered Call Writers love this. It is going to be a fun and exciting time.