The Week in Review #35
Politics and the Market
The market tumbled today as Theresa May, the Prime Minister of England, delayed the Brexit vote! The question becomes, what will be put forth next as a legitimate reason for bringing the market down and eroding investors’ gains? The weather? A war among gangs in a fourth-world country? Maybe the resignation of the chairman of a car company? For centuries, economists and investors have recognized the criteria directing the market’s performance. All of these criteria are related to the economy – good, bad, employment, etc – and industry – the . . .
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Prohost Letters December 11, 2018