Tuesday, November 22, 2016

I can see why Buffet likes Trump

He already made 3.8 billion on the election!  Just think how much all those Silicon Valley geeks have made!  Now watch the insider trading after the hoopla dies.

For someone who backed Hillary Clinton in the presidential election, Warren Buffett has done just fine so far with a Donald Trump victory.
The multibillionaire head of Berkshire Hathaway has seen his investment portfolio explode in the days since Trump's stunning upset Nov. 8.
Buffett has benefited particularly well from the myriad financial holdings he holds in the company's portfolio. Bank stocks have surgedsince Trump's win, on anticipation of higher rates and less regulation of Wall Street.
Taken together, the company's half-dozen top financial holdings have brought the Oracle of Omaha a hefty $4.3 billion in profits since the world woke up on Nov. 9 and realized that Trump was going to be the 45th U.S. president. (That total is based on Monday's close and differs somewhat from a Motley Fool analysis that used different baselines.)
Buffet says he is counting on higher interest rate from now on.  No, the plot is to push them as high as possible now, while he debt cartel has  the chance, then jump ship and let them crash later.

Schumer has already signed on, he done his insider trades, as have mot of the Trumpolytes. But they will get a mild shock, likely mild, when the market does the dead cat dip.  Not enough hoopla to make a good crash, yet.  I suspect Trump and his Yawker porkers will see us all snirking soon enough, and get a bit embarrassed.  But, beware, these guys are like Nixon lunatics and likely to fly copter on a drunken week-end.

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