Live Blog: Trump Predicted to Resign Before End of Year
I really don’t know what to say about Trump, other than the fact he’s painted himself into a corner with his perceived support of Neo-Nazis, the KKK, and White Supremacists in general. The result is that he has distanced himself from his CEO and business allies, as many of them resigned after his statements defending the Neo-Nazis, et al.
Personally, I don’t have a problem with the removal of Confederate statues in the Deep South. It’s a part of our American history, albeit a darker past, and perhaps they should remain up to remind us about that past. But at the same time, statues are meant to glorify and immortalize these historic people. So I can also see the need to remove them.
Getting back to Trump. Many Corporate Leaders are distancing themselves from him because no one, and I mean absolutely no one, wants to be connected in any way, shape or form, to Neo-Nazis, the KKK, and White Supremacy…
it’s just bad business. For one, think of the talent and brains of the non-white immigrants who come here to America with special skills in IT, Medicine, and Engineering… as much as possible, they want a work place that is free from such bigotry and hatred.
Trump is more and more isolated, as he has distanced himself from many of his colleagues and supposed allies. Even the White House staff and advisors have had to struggle with his embarrassing tweets that only serve a quickly dwindling supportive base. At this point, with a 38% approval rating and a 58% disapproval rating, I see Trump resigning soon, and once he’s left the Oval Office, seen as a laughing stock and failure outside of politics. He never had the diplomacy and knowledge skills to be a politician, let alone the President of the United States. How he was elected shall remain an anomaly in the history of American politics.
With regards to the U.S. economy and the stock market, right now he’s not doing great in supporting American businesses, as he attacks one of the most successful and continually growing American success stories, Amazon.com.
The problems with brick-and-mortar stores have been going on since the mid-1990s, when Amazon began negatively affecting Borders Books & Music, eventually leading to their eventual failure. But, many retail stores have adjusted to the Amazon effect, so do we blame Amazon for their business failures? Or do we chalk it up to a bad business model that fails to change with the times? This is the part that leads me to think that Trump is out-of-touch with this aspect of business.
7:00am – Most portfolio stocks were down this morning, but here are the current winners:
- Snapchat [stock_quote symbol=”SNAP”]
- Intuitive Surgical [stock_quote symbol=”ISRG”]
- Procter & Gamble – [stock_quote symbol=”PG”]
- Johnson & Johnson [stock_quote symbol=”JNJ”]
7:09am – The stock market seems to be bouncing back after a dismal two days that reflected the problems the Trump administration had this week. Hopefully, we can at least end on a good note, and a decent rally today.
7:13am – Interesting read about Trump’s attacks against Amazon. He’s right, but he’s going about it the wrong way. And, Amazon IS a behemoth but is that so wrong?
9:08am – Portfolio is rebounding nicely this morning. I sold Snapchat [stock_quote symbol=”SNAP”] for a nice profit. Will get back in later…
Top three portfolio stocks right now:
- Intuitive Surgical – [stock_quote symbol=”ISRG”]
- Shopify – [stock_quote symbol=”SHOP”]
- Caterpillar – [stock_quote symbol=”CAT”]
10:18am – Colbert has been hilarious all year long with the Trump humor and satire. I love this guy. Here he makes fun of Trump’s love for the Confederacy!
10:23am – It appears that Stephen Bannon is being fired! Wow! If you ask me, I know who REALLY needs to be fired… unbelievable! Who’s the ‘fool on the hill’?
More to come…