Tuesday, April 18, 2017

Pure Comedy

The Kentucky Coal Museum just switched over to solar power to save money on energy costs.

An employee of the NRA just shot himself at NRA headquarters.

Morgan Stanley financial advisors in Massachusetts held a contest to see who could give their clients the worst financial advice.

The Secretary of Education hates public schools.

The head of the Environmental Protection Agency hates the environment.

The Secretary of Energy didn’t know what department even was until they named him to head it. And that’s after he wanted to shutter it.

The number one book in America right now is Bill O’Reilly talking about how men should treat women. Yes, that Bill O’Reilly.

The President of the United States, who spent two years campaigning on a platform of staying out of the Middle East, just fired 60 missiles at an airstrip in Syria and dropped “the mother of all bombs” on a cave in Afghanistan.

Also, he spent five years screaming about his predecessor’s vacationing costs to the tax payer and he’s on pace to outdo 8 years of them in his first year.

And his predecessor’s golf outings, which he may outdo 8 years of by the end of June.

Protectionist, Nationalist Trump was supposed to be bad for stocks. Except that they went up every day. Since he began his pivot to Globalist Trump, which is what Wall Street was said to have wanted, stocks have gone down every day.

92% of all actively managed stock mutual funds have failed to beat their benchmark over the last 15 years, according to S&P Dow Jones Indices. Stated another way, only 8% of thousands of fund products have been able to do what they were supposed to have been able to do.

Can you imagine if 92% of the cars sold by auto companies couldn’t drive? Or if 92% of the pills sold by the pharmaceutical industry were placebos, or worse? What if 92% of the pizzas sold by Domino’s were just Ritz Crackers. How is this a thing that exists?

Don’t worry, nobody knows.

For the ten years ending 12/2015, mutual fund investors, collectively, have received returns that were $545 billion below what the indices would have given them. And for that, they’ve paid $437 billion in fees.

by Joshua M. Brown, The Reformed Broker |  Read more:
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