By Stephen Dietrich, Managing Editor
Stocks will tumble. Fortunes will be lost.
If you believe what a leading financial publication reported recently, that’s exactly what could happen (at least in the short-term) under a Donald Trump presidency.
But I don’t buy it for a second – and neither should you.
I’ve been following and writing about the financial markets for most of my adult life. And one of the publications I follow closely is Wealthy Retirement.
Marc Lichtenfeld, the Chief Income Strategist, is a brilliant investor who’s given lots of solid advice over the years. And he’s not afraid to ruffle some feathers.
But his recent piece, “What a Trump Victory Will Do to Your Portfolio,” (you can weigh in on it here) was so dangerously off the mark that I had to set the record straight.
In fact, I’m making Lichtenfeld the first recipient of our new “Getting the Horns” feature, where we take on people who are dead wrong about this country and the direction it’s heading in.
You see, part of Lichtenfeld’s argument is actually right. He points out that the markets don’t respond well to uncertainty.
But when he claims that “Donald Trump would likely be the most unpredictable president in U.S. history,” and that could be short-term trouble for stocks, he loses me fast.
What Donald Trump would be is the most business-savvy president we’ve ever elected. He has a plan to cut the national deficit, make our trading partners play fairly, and revitalize American manufacturing.
That all sounds like exactly what our economy needs.
And what the market really can’t handle is a steady stream of bad news – like the kind we’d get under a Hillary Clinton presidency.
President Obama is going to leave our nation $20 trillion in debt when he finally leaves office. And by the time she’s done handing out free college tuition, granting amnesty to millions of illegal immigrants, and spending billions on the rest of her campaign promises, Clinton is only going to make it worse.
Hillary Clinton will have more American companies scrambling to relocate overseas – and her free-wheeling spending could send interest rates soaring and stocks falling.
Whatever uncertainty we get with a Trump presidency, there are plenty of certainties that come with Clinton – and none of them are good for your nest egg.
If you ask me, Trump’s private industry experience won’t just be good for the economy – it’ll be like steroids for the stock market.
And that goes for the short-, intermediate- and long-term.
But don’t just take my word for it. Wealthy Retirement is conducting a poll where you get to weigh in and decide which presidential candidate is best for the markets.
You can cast your vote (I already have) right here.
In the meantime, Marc Lichtenfeld and Wealthy Retirement, you get “The Horns.”
Stephen Dietrich is the Managing Editor of The Horn News with several years of experience in applied economics and financial news.
The majority of hard working blue collar workers who will vote for Trump are probably not active in the market. These people have lost jobs overseas or to cheaper illegal workers. If still working they’re making the same pay as 15 years ago. These are the people kicked in the groin time and time again. And these are the ‘angry’ people voting for Trump out of desperation. And except for a 401K, most of these people have no connection to this market.
if ANY CAREER POLITICIAN GETS IN the white house kiss America good bye – EVERY CAREER POLITICIAN IS A COUNSEL OF FOREIGN RELATIONS PUPPET , they are all OWNED by the CFR , they are ANTI AMERICANS WHO ARE TRAINED LIARS , there is not one of them then is any different then obama, if their mouths are moving its a lie , PERIOD . trump is Americas ONLY HOPE , why do you think they are all trying to get him out of there , he is a threat to the NEW WORLD ORDER that is busy DESTROYING YOUR CHILDREN & THE ENTIRE PLANET , you are being sprayed with deadly toxic chemicals EVERY DAY via the counsel of foreign relations orders to the U.S military , the proof & all the tests have been done ( aluminum,barium, lead( in almost the entire United States drinking water supply , it is being SPRAYED on us all , arsenic, lithhium ….. these carcinogens are cancer causing , alzheimers, autism have all quatrupled or worse since they amped up this spray program in the fall of 2011 , all these deceases have increased 100 X fold and Trump will stop this WHAT IN THE WORLD ARE THEY SPRAYING https://www.youtube.com/watch?v=jf0khstYDLA , Trump will investigate 911 ( done by the enemies within ) – 9/11 – Anatomy of a Great Deception https://www.youtube.com/watch?v=l0Q5eZhCPuc – Trump will sink his teeth into these CRIIMES AGAINST HUMANITY & OUR PLANET & THIS is why the cabal / NWO is scared to death of him getting in office & you all better pray he gets in or it will be YOUR fault your children have ZERO chance of a future in this country of lies – the media is OWNED by the CFR , everything on the Tv is a lie , it is all a dog & pony show to hide the crimes and distract you from what is really being done by these political criminals – MAINSTREAM MEDIA AS A MILITARY WEAPON https://www.youtube.com/watch?v=bets2iwgQMI & Dr. Ben Carson the ONLY other man that has TRUTH & INTEGRITY on his side we see what the cabal did to him , pray he is Trumps VP , these two men are AMERICAS ONLY HOPES & if youcan’t figure this out you are in need of a total lobotomy .
amen
I have an active role in the market, and I am voting for TRUMP. A Trump Presidency will shake out the wheat from the chaff across the U.S. industries and globally.
I see a great opportunity and overall growth in the market during a Trump Presidency. I can foresee companies and/or industries who receive government subsidies losing that tax payer supplied government support (finally). The smarter companies in industries where Fed subsidies are strong will have already positioned to be less reliant on those tax payer dollars. The others will fail, that is part of life. It is the “natural selection” of the business world.
And do no discount those 401K people Arthur – there is about $4 to $5 TRILLION riding in those defined benefit plans. IRA’s reportedly hold another $5 TRILLION.
That’s the lower-middle class to upper-middle class and retired folks mostly. These folks are the majority, and are voting in 2016.
Trump Trump Go Trump !
You are so right Trump and Carson will be the best for America Go Trump And Carson
You took the words out of my mouth. God bless you and thank you for sharing the ugly reality, all we can do is inform and pray. I will be sharing your paragraph it is a breath of fresh air in times when people are either uninformed or too scared to speak.
Remember How Trump Threatened Ford? Well Look at the HUGE Announcement They Just Made
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When the Ford Motor Co. decided to move jobs south to Mexico so that it could pay its workers less, billionaire businessman Donald Trump was furious. He made trade inequalities and Ford’s betrayal of American workers a central issue of his campaign.
And, without his even being in the Oval Office, it worked.
In an interview with CNBC, Ford CEO Mark Fields said that the automaker would be “here to stay.” He also said he had outlined his company’s plans in a letter to Trump.
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While he didn’t offer specifics about whether Ford would be rolling back it’s $2.5 billion expansion of the company’s operations in Mexico, it was clear that Fields was committed to addressing Trump’s complaints directly.
“Ford Motor Co. is here to stay in the United States,” Fields said.
“We’re very proud as a company of what we do in terms of contributing to economic development here in the U.S.,” he added.
I always trusted Trump is the only one can save our existence don’t
Make mistakes
My beloved American please. Thank
Businessman Trump will bring business back from oversea, because that ‘s his specialty, I m own a small business for 16yrs, and still is going well, without of government help at all. I m working really hard for long hours very day. It’s not easy.
I m supported Trump, because I m very sick of those CORRUPTION POLITICIAN.
You do know that he manufactures in Mexico right? So how is bringing back jobs from overseas his specialty?
As much as the coming Obama Presidency crushed the stock market in 2008, a Trump Presidency would have 5x the positive effect. It should start when the Congress, House and president make their first Joint tax reform.
Thanks,
Tim Holt
President
Preservation Capital Group LLC
The market fell 33% after Obama was elected. Of course, it had already fallen 35% up until that point, but I’m sure you’ll ignore that. Since Obama was elected the market is up 102%. Since those lows in March 2009, it’s up 205%.
So tell me again how bad Obama was for the market.
The stock market was crushed by the the mortgage market that had been lending money to home buyers who couldn’t really afford the loan. When the economy when down the homes went into default. Then the Stock Market followed. The Democrat congress forced the lowering of mortgage standards so everyone could have a home whether they could afford the payment or not.
Now the same thing is happening again with the extremely low interest rates.
My sentiments exactly!
I agree with your view regarding both Donsld Trump and Hillary Clinton. Mr. Trump would be just what we need! And I believe he is an honest man and would do exactly what he is saying for our country! Hillary on the other hand is proven herself to be untrustworthy.
IF KILARY IS ELECTED PRESIDENT MY MONEY AND COMPANY WILL MOVE OVERSEAS 100 PERCENT. MORE JOBS LOST FOR AMERICA. IF THE POOR WANT TO STOP EATING, THEN VITE FOR HILLARY. SHE REALLY DOES NOT CARE FOR ANY OF WORKING AMERICANS. SEE THE LIGHT.
Nailed it Frank, you forgot the Roof over there Poor family butt’s? Tell you what us American tax paying workers are survivors, It is hard for us to stand in line hands out and expect to get paid for nothing in return? NOT going to happen.
I bailed from the stock-market about 15 yrs ago. Almost lost my house after a short play in the index funds. The action took about 10 minutes. My stop loss could not be processed fast enough. Never again gamble against the Fed’s entering the market. Much better to be a 50 % stake holder in a start up business that you know something about.
You are right Edgar. Sticking with something real and solid is best.
Trump means several things to me. First, less morons managing departments. Second, let people do their jobs with an agenda. If government fails which is usual give private sector the job. Things will get done. I want him to start a trade war to clean up the whore system we have in DC. How much is my vote worth today? Someone who brings projects in on time under budget. Too many people? Get rid of them. Have the brightest government instead of overeducated yes men.
We need someone with foresight and the courage to do things right. The stock market will go wild Why Is it most predictions we receive from experts prove to be wrong? Why do these “experts” keep their jobs? My life says predict the correct thing and you get promoted and the media not so much.
Donald Trump is the Only real Outsider Running. He is not a Lawyer Turned Politician, AS most Career Politicians are. He is not controlled by Either Party. He is not Controlled by the Globalist Media. He is not Controlled by Wall Street and Large Globalist Banks. He is not Controlled by The New World Order crowed. And many of you ask why is he hated so? He is hated mostly because they believe all The Hate and Discontent Provided by RINOS, Progressive Democrats, Move On.org, Hollywood, Illegals,
Other Countries who like to take Advantage of our Generosity. We are not the Welfare office for the World. Its Time that our Federal Government started Putting America and American Citizens First. All American Citizens should be Given Preference when seeking jobs in this Country or Training for jobs in this Country. No Foreigners from any other country should be given jobs in this country unless American Citizens have FULL EMPLOYMENT. I believe Donald Trump will try and do this. Of course he will have opposition. When this happens I think he will appeal directly to the voters as Ronald Ragan did and explain what he thinks should be done, and who the Obstructionists are, and ask for your support.
Robert, I agree…America first! Make America great again- Vote Trump!!
My opinion is Trump is by far the best man for the job. However there are to many people with their hands out wanting freebees. These people out number us and if they don’t already the left and right will make sure there are to collect the votes to keep the politician status quo in DC. Trump and us are totally effed, the government will not allow their lifestyle to be interrupted at any cost. I’m very afraid for the hard working people like us, this is no longer our country. I know what the answer is just as the rest of you in this comment thread but I don’t know how to put that answer into action. We’re out numbered !!
I have been reading all these comments, and they do make alot of sense…Hillary was mentioned, so let me say something about her, I am a retired 21 year active duty USAF Vietnam Vet, my job during that time was that of a Cryptographic Supervisor, so one thing I AM an expert at is handling Classified Information,,,,I was also in the WWII Army of Occupation In Germany..Hilliary should be in prison,,,,,if she had done those things during WWII she would probably have been shot. She should now be put away for many years,,,,to think that the Secretary of State would do that is unbelievable,,,,,,and could become our next President !! Heaven for bid !!!! People, vote for the United States ot America….that would be TRUMP !!!!!!!!!!!! Thank you and GOD BLESS AMERICA !!!!
LEXI: You are so very right about this!!! Little Marco Boy was a C.F.R. So was George W. BUT, keep in mind that there are OTHER globalist lodges out there and many of these have INTER-LOCKING memberships. Example: George W. is a CFR boy and also a BOHEIMIAN GROVER. AND a SKULL&BONES MAN. John Kerry:also a Bonesman. Gseorge H.W. also a Bonesman. Prescot Bush, a Bonesman. Newt Gingritch a CFR. Henry Kiss-ass-inger: BILDERBURG.AND TRI-LATERIST. Arnold-The-Govornator:BOHEMIAN.Bill-The-LECHEROUS-PIG-CLINTON:33rd° Scottish-Free-Mason. The late Sen. Edward-Chappaqwidic-Kennedy:ROSICRUCIAN. Barbera Walters:CFR. The current CEO of ALCOA METALS:BILDERBURG. Former TX GOV. Rick Perry:BILDERBURG.
Former Ind. SEN. AND GOV.’s Mitch Daniels AND Evan Bayh:Former BILDERBURGS. Jimmy Carter:Honorary Co-Founder:TRI-LATERAL. ZEBIGIEW BRESHZINSHKI:Co-founder TRI-LATERAL. I could go on like this and fill page after page but I think every one here gets the point. All of these creature-features are Luciferian-in-bread control-freaks.
The Democrats have created an environment not based on financial reality. We need to return to a place where everyone pays taxes, where laws are meant to protect rather punish and where commonsense is allowed to prevail in the financial markets. I don’t think any of those will happen under Hillary Clinton.
Donald Trump is a VERY,VERY,VERY SUCCESSFUL BUSINESSMAN AND HE WILL NOT CATER TO THE POLITICIANS who ARE NOT successful businessmen/women. Nor he will not be OWNED by lobbyists!!!!!!.Donald McNeal
Agree w/ you Donald.
Anyone else would be a disaster for our USA!
Hey Mr. McNeal who are you kidding about Trump he has contributed to just about every politician he can possible think of that can be bought with his contributions be it Republicans/Democratics you may think he is not owned, but dear Mr. McNeal take your head out of the sand.
Jo Says, The contributor is not the OWNED person, the person taking the contribution (all so known as a bride) is the one owned by the highest bidder. The contribution is so you are not left out. If you are a big player you have to play the present political game of contributing. That is the game Trump is talking of ending,
and doing what is good for our country and our Legal American Citizens.
i THINK OUR COUNTRY NEEDS SOMEONE THAT CAN CREATE JOBS, NOT TOO MUCH GOVERNMENT GIVE AWAYS, THERE IS NO SUCH THING AS FREE LUNCH.. wE ALL WORK TO SURVIVE. sUPPORTING PEOPLE THAT ARE ILLEGAL ALLIENS IS NOT VERY GOOD TO THE COUNTRY. LIKE MOST OF THE POLITICIANS ARE PROMISING A LOTS TO THE PEOPLE AGAIN WHERE ARE THEY GOING TO GET FUNDS TO GIVE. wE SHOULD ALSO VOTE THE AMERICANS ONE WHO WAS BORN IN AMERICA, NOT FROM CUBA OR CANADA. WHY IT IS ONLY IN 2013 THAT LYING TED CRUZ BECOM US CITIZEN, BECAUSE HE WAS EYING TO BE THE NEXT PRESIDENT OF THE US?? WHY HIS COLLEAGE AT THE SENATE DO NOT LIKE HIM, WHY DID HE WAITED UNTIL 2013 TO BECOME US CITIZEN. HE WAS A NATURALIZED CITIZEN, HE WAS NOT BORN IN AMERICA. I DO NOT TRUST ANOTHER ALIEN TO RUN OUR COUNTRY. I DO NOT TRUST HILARY IETHER, WE HAVE SO MUCH OF THE CLINTON, WE DO NOT NEED ANOTHER POLITICAL DYNASTY. ENOUGH ALREADY.. LET US SAVE OUR COUNTRY, NOT SAVING THE POLITICIAN.. THINK VERY WELL BEFORE YOU VOTE. THINK OF THE PEOPLE THAT IS SUFFERING, OUT GRANDCHILDREN, THE POLITICIANS ARE ONLY THINKING OF THEMSELVES AFTER ELECTED YOU WILL NOT SEE THEM AGAIN UNTIL THE NEXT ELECTION. WHAT HAD THEY DONE TO THE COUNTRY AND PEOPLE.. THEY FAILED TO DO THEIR JOB YET COLLECTING THEIR SALARY EVERY MONTH WITHOUT ACCOMPLISHING ANYTHING. WAKE UP AMERICA AND PEOPLE SO LET US VOTE FOR TRUMP, HE DOES NOT NEED MONEY BUT HE WANT TO SAVE OUR COUNTRY, GIVE HIM A CHANCE IF HE DOES NOT DO HIS JOB IN FOUR YEARS WE HAVE ANOTHER ELECTION. LET US SAVE OUR COUNTRY GUYS OUT THERE THANK YOU TO ALL OF THOSE WHO READ MY CONTRIBUTION FOR POLITICS…..MAHALO FROM HAWAII
OF COURSE THESE POLITICIANS ARE VERY GOOD IN TALKING BECAUSE THAT IS THEIR MASTER PIECE TO CONVINCE PEOPLE, DO NOT BELIEVED IN THEIR SWEET TALK, WHAT DID CRUZ DID TO OUR COUNTRY, HE ONLY A ONE TERM SENATOR, HE WAS NOT EVEN AN AMERICAN BORN, YES HE IS AN AMERICAN CITIZEN BECAUSE HE GOT NATURALIZED CITIZEN IN 2013, LOOK HOW HE TURNED DOWN DONALD TRUMP, JUST THINGKING FOR HIMSELF, OF HE THINK THAT OBAMA MADE IT HE CAN DO IT TOO BECAUSE HE KNOWS HOW TO LIE, HE IS OVERPROTECTING HIS WIFE, WAS HIS WIFE ON DEPRESSION BEFORE?? WAS SHE IN THE MENTAL HOSPITAL OR A PSYCHIATRIC WARD?? DO THEY PAWN THEIR RETIREMENT TO A FINANCING CO GS TO USE FOR HIS SENATORIAL CAMPAIGN ??? SO MEANS HE HAS FINANCIAL PROBLEM TOO?? SO HE WANTS TO BE PRESIDENT FOR A QUICK WEALTH??? WAS HE ENVY OF A BEAUTIFUL WIFE LIKE MELANIA??? YES BEAUTIFUL, MODEL,….. THINK TWICE FOLKS BEFORE VOTING WE DO NOT NEED ANOTHER BORN ABROAD PRESIDENT, THAT WILL ONLY RUIN OUR COUNTRY. THEY HAVE NO CONCERN FOR OUR COUNTRY, THEY JUST WANT THE POWER.. TELL TED CRUZ TO APPLY FOR PRESIDENT IN CANADA WHERE HE WAS BORN. LET US STAND TOGETHER AND SAVE OUR COUNTRY, SPEAK OUT LOUD AMERICA WE LOVE YOU.
Why? Because he knows all the blue-collar, insider-gouging tricks of the investment elite, They spin their fable of helping/feeding the little-guy, but do, in fact/truth, care less about Mr. & Mrs. Main Street, while lining their pockets with our sweat. The market is all fluff. I’ve, from several years back, when the market wasn’t as high, read an article stating, it (the Stock Market) was overvalued by 89+%, and about every 80 years takes a major correction–we’re way overdue! Think depression. Trump is the only one, of few. who’s aware of Wall-Street’s, the FED’s self-inducted bubble to make the rich, richer, the poor, poorer, with our pound of flesh. Trump is the only one, where that trite-and-hollow expression, CHANGE, has legs! Don’t for a moment envision, socialist, Bernie Sanders, whose goal is dismantlement of the economy and society, thus enslavement to a radical, ruling class, illustrated in the former USSR, will better the status quo. Sanders, Hillary and the RINOs are the stuff of sheeple. Sander and Hillary propagandize–fooling, tricking the delusional a dependance on the generosity (Ha!) of Uncle Sugar, should there be sugar left. It’s Trump or the death of an once proud, godly, free, vibrant, industrious, and creative America, where anyone with ingenuity and sweat of brow could achieve for one and family; and via faith, give to others the fruits of their blessing. Trouble not with, it wasn’t perfect, e.g. child-labor, but that shame was concluded by christians, acting in Christ’s love; not by the greed of labor unions, though they would have you believe so–the same ones that vandalize, even kill as hoodlums. You suppose they’d a love for children? Hardly. In the main, theirs is you owe me for what I don’t, or poorly do. Their motto should be: “We got our, you get yours.” Members deceived, it’s the union-elite you’ve allowed and are allowing to get mindlessly rich, taking extravagant vacations, sunning their fat-bellies, under the guise of work, while the out-of-work, little union guy wonders where his/her next meal is coming from. What do those dues for?–the fat, literally, union thug-bosses. And in some states, those who allocate work, hiding behind bulletproof glass, have you jump through hoops, dues paid, to have a job for the day, seniority reigning, recent members hoping to feed a hungry family. And then there’s union support for Mexican-truckers, etc. To hell with the average jobless or underpaid America, who now has to work multiple joys, if he or she can find, even, a single job. All thanks to 30-hour being called full-time under Obamacare–much, ceaseless, eternal thanks, Barry. And don’t forget a penalty for non-coverage. Vote Trump–rein-in greedy Wall Street, geedy, no good unions (Don’t think, I don’t champion good, RESPONSIBLE unions–I do.). In Collusion: No Demonrats, No RINOs, just Trump–fresh political air and progress for America, Americans–“Make America Great Again.”
Donald Trump has the strongest message for the American Pleople. We believe in you!!! Donal Trump is strong, businessman who has been successful. Donald Trump can and turn things around. My complaint is he’s falling into a trap, saying unkind things about others. I know they start things to get you in trouble. Donald don’t fall for it. Stay on track with your message. If you don’t you will loose. Your followers Love You, will back you to the end. PLEASE!! PLEASE!! BUILD THAT WALL— take care of ISSI– REPLACE OBAMA CARE–BUILD UP MILITARY–take care of VETERANS!!!! Vote for DONALD TRUMP 2016