Happening in washington and focus on wall street the capital can be a disturbing side show. The truth is, theres a tremendous disconnect between what our leaders are doing and what our stocks are doing. That really matters. On day like today with dow gaining and s p advancing. 12 to record close and nasdaq ending flat, very much in the grips of washington. Even though after you hear this top monologue, i think youll agree we shouldnt be. First complain how political news interacts with stocks in general and then drill down to the specifics. Facts. Biggest single legislative push out of of washington this year is effort to repeal and replace obamacare. Maybe thats not how President Trump wanted it to play out. I think he favored tax to promote economic growth. Did he compromise with republicans in congress . Did his allies hijack the agenda because hated obamacare so much couldnt think straight . Doesnt matter now dodge. If you hear ryan talking about putting it back on the agenda, tax.
Somehow we didnt get with some tit title wave of selling including me i thought it would be bad the sure of congress or trumps tweets, that often seem out of step with folks like washington, jefferson, lincoln today three of our more president ial president s. Here we are after one more whole hum day after we hit multi entry level highs. Nasdaq tacking on, its worth noting we did make it out of here unscaved. Why . Why was i so concerned because historically septembers the worst year for the market. Since 1928 the s p had climbed to 1. 14 since september this year up 1. 1 . Septembers different, its a month i feared every since i got in the business, thats because of the not because of the big picture in history but from my personal history when you run a Hedge Fund Like i do, discipline says you should sell everything, lock in your performance, lock in the term and only day trade for the rest of the year. I did it many times in my hedge fund that always breeds automatic selling. If yo
Good morning, everyone. The committee will come to order. We meet this morning to consider opening a very small portion of alaskas 1002 area to responsible Energy Development to meet the 1 billion budget reconciliation instruction that our Committee Received last week. The 1002 area covers 1. 57 million acres of land in northeast alaska within the nonwilderness portion. You can bring it over here sean. I think its important to put this in context in terms of the areas that we are talking about. Anwr itself is 19 million acres. This is approximately the size of south carolina. The nonwilderness area is 1002 area, is 1. 5 million acres, approximately the size of delaware. The area here is designated as wilderness, federal wilderness, 8 million acres there. When we are talking about anwr itself, its important to recognize there are parts of anwr that are designated as wilderness and parts within the refuge and parts of anwr, the 1002 area specifically designated for consideration for oil
Good morning everyone. Committee will come to order. We meet this morning to consider opening a very small portion of alaskas 1002 area to responsible Energy Development to meet the 1 billion budget reconciliation instruction that our Committee Received last week. The 1002 area covers 1. 57 million acres of land in northeast alaska within the nonwilderness portion. You bring it over here, sean. Within the nonwilderness portion of an war. And i think its important to put this in context in terms of the areas we are talking about. Anwar itself is 19 million acres. Approximately the size of south carolina. The nonwilderness area, is approximately the size of delaware. The area here is designated as federal wilderness. So when were talking about anwr itself, i think its importedant to recognize there are parts that are designated as wilderness, parts within the refuge and parts, the 1002 area specifically been designated for consideration for oil and Gas Exploration. So again i want to be
Good morning everyone. Committee will come to order. We meet this morning to consider opening a very small portion of alaskas 1002 area to responsible Energy Development to meet the 1 billion budget reconciliation instruction that our Committee Received last week. The 1002 area covers 1. 57 million acres of land in northeast alaska within the nonwilderness portion. You bring it over here, sean. Within the nonwilderness portion of an war. And i think its important to put this in context in terms of the areas we are talking about. Anwar itself is 19 million acres. Approximately the size of south carolina. The nonwilderness area, is approximately the size of delaware. The area here is designated as federal wilderness. So when were talking about anwr itself, i think its importedant to recognize there are parts that are designated as wilderness, parts within the refuge and parts, the 1002 area specifically been designated for consideration for oil and Gas Exploration. So again i want to be