The market clearly doesn’t like all of this political tinkering with the market. I think Obama has made a speech every day since he was sworn in – at least it feels like it. The market is down nearly 10% since the new President came into office just a month ago. That’s the second worst start since Ford was President and the second worst ever:
Obama has another set of speeches scheduled this week. Literally every day this week. The market has started George Bushing him, i.e., tanking every time he opens his mouth. Maybe it’s time to join GWB at Crawford for a few weeks?
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.