Topic: How To Invest

What is Pat’s commentary for the week of August 24, 2021

Article Excerpt

Investors often overestimate the power of the U.S. presidency as well as the good or harm the president can do. You may recall that last fall, around the time of the 2020 U.S. Presidential election, I wrote about investors who were staying out of the market because of Joe Biden. I felt this was a mistake, and “the Biden factor” was vastly overrated. That’s how things turned out. Biden did win the election. The U.S. and Canadian stock markets still went way up since then. Anybody can make this kind of blunder, regardless of their investment experience. You may recall that something like that happened after the surprise victory of Donald Trump in the previous U.S. election. One of the most vocal Trump-market pessimists was George Soros. Mr. Soros was a big fan of Hillary Clinton, an outspoken critic of Donald Trump, and one of the most successful hedge-fund operators in history. Soon after the election, he began making various bearish stock-market bets…