Stock Market Sherpas – Pessimism Hurts Profits

Exactly a year ago “pessimists” were fretting over what they called an “expected hard landing” (whatever that is) in China, doubling it up with “deflation fears” in the West. Anybody noticed that suddenly it’s Inflation Fears, Brexit and Trump that’s renewed their Valium prescriptions? (One good thing about these folks though is that their elbows and rear ends are interchangeable).

Burnt Toast – The Jeremy Trump Show

Trump’s national security adviser Michael Flynn resigns. Opportunistic Washington D.C. politicians are rounding on him with scandal accusations, Russian ties and a Supreme Court nomination crisis. Donald’s Tweets about listed companies are creating stock market price dips and rebounds for equally opportunistic day traders. Seems like just another day at the office, and a billionaire’s version of the Jeremy Kyle Show.