News has been leaking out that Pelosi has been dumping stocks and in many cases, taking deep losses while doing so.
For the record, Pelosi made 150% in one year on her portfolio. If it were anybody else they would have been investigated for insider trading as that is easily 5 times what high-end traders were netting.
So why is she dumping stocks, in some cases at a loss?
What does she know that nobody else knows?
Did the Democrats levitate the economy with smoke and mirrors so it could crash on the Republican watch (even though the Dems hold the Senate and White House)?
Cool! A buying opportunity. Roger
ReplyDeleteThere is a pony in here somewhere ...
DeleteThe market is more likely to go down than up at this point, but I don't know of any reasons for it to drop sharply tomorrow - over the next few months is a different matter.
ReplyDeleteCould she be moving assets to a harder to reach place or planning to leave the country?
Ditto, I'm a regular trader, its not a healthy market, but there isn't a specific trigger. Pelosi selling has garnered some attention, but its a funny thing, the market. Theres a LOT of money in it, and it has to go somewhere. When one side is selling, another is buying. Who is right depends on your timeframe.
DeleteShort term you are more likely to see commodity shocks. Politically there are landmines everywhere, many quite serious. If you think about what leaves are rustling right now, it explains why she would sell.
All of my stocks are in Beans, Bandaids and Bullets. Dumping is contraindicated.
ReplyDeleteA little East of Paris.
You stocks should be in more places than that. You want to be able to benefit from what ever direction it all takes. Give yourself options speaking generally and not of stock options.
DeleteI think you're missing the point....
DeleteIt would not be the first time... Anyway, I find the challenge of these times lies in splitting my time between getting a bunker ready, growing my business, raising my kids, improving the soil so we can eat, investing to maintain one way for value and another for inflation because you have to be able to pay property tax if things only go half way to hell.
DeleteCommunity property state. Dump your stocks, move the money to a hidden secure out of state place. Hand Perv Paulie the papers, and off you go.
ReplyDeleteProbably.... sigh
ReplyDeleteOr...on the other hand, maybe she is getting ready to say adios to her political career, or her "devoted" husband.
ReplyDeleteirontomflint
If PeeLousy is dumping stocks you can be certain she knows something the rest of us don't know....yet. And yes...the left is more than willing to tank the economy knowing their media whore accomplices will happily blame the GOP
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ReplyDeleteAnd once again, the oracle from MI calls - from todays WSJ: "Stocks Retreat, Dow Falls More Than 400 Points"
ReplyDelete