I know this might not be news for some, but based upon recent events, you cannot draw any other rational conclusion. Without question, the media is biased mostly left of center politically. You must realize this when investing, and vet media sources for your information.
Listening to the politics and media is dangerous for any investor. Beware of the outside influences when creating your investing strategy.
Republican candidate Mitt Romney picked Representative Paul Ryan as his vice president this past Saturday. Paul Ryan has been focused on the economy, and choosing him shows Romney is somewhat serious in reforming the economy, entitlements, and taxes. Paul Ryan hasn’t been afraid to admit we have a spending and entitlement problem in this country.
Steve Wynn, the founder Wynn Resorts (NASDAQ: WYNN), spoke yesterday on their quarterly conference call. The average investor does not listen to them. Most quarterly conference calls are a snoozefest, but not this one where the fireworks were going off. Its been known that Steve Wynn, who voted for Obama, despises President Obama’s policies. Unlike […]
President Obama gave a speech today related to the stalemate in Congress and the artificial debt limit (see my previous post A US Debt Limit that’s Unlimited?!?). Obama once again went on his typical class warfare and stated the rich need to pay more taxes. Even though he’s late to the negotiations party and wasn’t […]
November 2nd 2010 is Election Day here in the United States. By some accounts it’s considered a very important mid-term election. Regardless of your political beliefs and whom you vote for, I suggest you go vote. Too many people don’t vote and don’t realize how fortunate we are living in the United States. There are […]