Jim Cramer weighs in on why investing and politics don’t mix.
Keep Your Politics Out of Your Portfolio
Do not mix politics and your portfolio.
That’s the biggest takeaway from Cramer’s morning column over on Real Money.
Here’s a quick look at Cramer’s thoughts.
It was pretty clear that we would have some sort of huge decline Monday morning if nothing happened, because that was the “set-up,” as people didn’t get to sell as much as they would have liked given that things had really gone off the rails.
The people who hate Trump were totally cool with that. They want the market to come down, maybe because it will hurt his re-election chances. Maybe because they are short the market. Or both. Neither, of course, is mentioned in their tweets, because that would mean they are biased — which they obviously are. What they don’t get is there is nothing wrong with being biased, per se, in the real world. We all have our opinions.
Philip Morris Is in Talks to Merge With Altria
News broke Tuesday morning that Philip Morris and Altria MO were discussing a potential all-stock deal that Philip Morris PM called “a merger of equals.”
Philip Morris confirmed in a statement that was in discussions with its former partner, noting there is “no assurance that any agreement or transaction will result from these discussions. Additionally, there can be no assurance that if an agreement is reached, that a transaction will be completed.”
SUBSCRIBE |
MORE VIDEOS:
ACTION ALERTS PLUS |
RETIREMENT DAILY |
REAL MONEY PRO |
FACEBOOK |
TWITTER |
PODCASTS |
THESTREET.COM |
LINKEDIN |
INSTAGRAM |
Sign up for ActionAlertsPlus.com today for exclusive insight into Jim Cramer’s charitable portfolio:
#JimCramer #NYSE #WallStreet
source
