The Prudent Retiree- October 2017

“I support the Left, but I’m leaning, leaning to the Right.”

          - “Politician” by Cream

Repeal and replace. Tax Reform. Tweets. Protests. The Alt-Right. Antifa. Personal Insults. Rage.

 Cream was a 1960’s rock supergroup comprised of Eric Clapton, Ginger Baker and Jack Bruce. Today’s politics are reminiscent of the turbulent 60s. (I do think the music was better then.) Social and labor unrest, civil rights tension, war, protests and intractable Washington bickering generate daily headlines. Many of us are living through this a second time. Those younger might be shocked to know it didn’t begin with them. We the people are angry, frustrated and frightened.

 You could argue that Cream’s “Politician” is a caricature, but Prudent Retiree believes he is all too real. We’re sure you share our astonishment at what passes as normal speech and behavior in our Nation’s Capital. Can you imagine Nixon with a twitter account? Can we televise a battle between the Alt-Right and Antifa? Sadly, so much is left undone.

The intrepid stock market moves higher in spite of the chaos. We listen to the market and it is focused on corporate earnings, interest rates and inflation. All are positive for stock prices. Certainly, it would be reasonable to expect a near term correction after the recent gains. We recommend staying the course. Prudent Retiree is in support of a move up, but always leaning, leaning towards protecting against a move down.  

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Juel Thornton