Charles Payne: For longterm investing success, don’t just follow headlines

Charles Payne: For longterm investing success, don’t just follow headlines


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About the Author: Oren Garnes

24 Comments

  1. Uncle Sam is Spending Us Into Oblivion !! The US federal government ran a budget deficit of over $1 trillion in the 2019 calendar year. All this while The government debt currently stands at $23 trillion, if we divide this by the total population of America, then we get a $70293 debt burden for each and every American citizen, including newborns. In December, The US Treasury spent $13.3 billion more than it pulled in, and while the month's budget deficit was moderately better than the $15 billion anticipated, it was practically unchanged from the $13.5BN deficit recorded in Dec 2018. Total December spending of $349billion, was 7.5% higher than a year earlier, with the biggest outlays for the month as follows. social security ($88BN), national defense ($62BN), Health ($49BN), Income Security ($39BN), Net Interest ($34BN), which was more than Medicare spending for the month ($26BN) and so on.
    But spending didn't slow in the first quarter of fiscal 2020. Through the first three months of the current fiscal year, the deficit bubbled to $356.6 billion. That's an 11.8% increase from a year ago and puts the deficit on track to eclipse $1 trillion in this fiscal year. In just three months, Uncle Sam blew through $1.16 trillion. Spending through the first three months of the fiscal year 2020 is up 6.5% over the spending through the first three months of fiscal 2019.

    What could go wrong? The end always has a beginning. 50 billion per month just on the interest. Printed and added to the debt. The snake is eating its' tail.

  2. Yup, let's totally ignore the correlation between central banks, including the US Federal Reserve printing money and the rise in stocks. Nothing can ever stop the DOW from reaching 100k! This gravy train will last forever! To QE Infinity and beyond!

  3. Another record high for Trump!
    Let's go to the numbers to see how bad he's beating Obama's market.
    Today is Day 1091 in the Trump presidency
    Total stock market days: 752
    Data Last Updated: 2020-01-16
    Cumulative Performance
    Trump Obama Difference
    S&P 500 +46% +61% +14% Obama
    Dow Jones +48% +56% +8% Obama

    OUCH! Still losing to Obama!

  4. Meanwhile Trump has grown the debt from $19 trillion to over $23
    trillion in only 3 years (after slamming Obama's debt and saying he'd
    "eliminate the debt.")

    Repubs are spinning this added debt as a "stimulus package".

    Remember when Repubs slammed Dems for "tax and spend"? Now all Repubs do is "spend" since they cut taxes for the rich.

    It's easy to brag about the jobs created when you ignore the debt you created.

    When the economy crashes like a Ponzi scheme because of Trump's debt Repubs will blame it all on the next Democratic POTUS.

  5. When all the “experts” appear on tv stating the same opinion, go opposite. All market “busts” are preceded by a general consensus that now is the perfect time to invest.
    It’s sorta like roulette, always bet against the big money on the table.

  6. What everyone needs to do is to get all the trickle down money the President promised they are getting, and invest it Trump Organization shares….Win win right there

  7. CONCLUSION

    OMB violated the ICA when it withheld DOD’s USAI funds from
    obligation for policy reasons.

    This impoundment of budget authority was not a programmatic delay.

    Page 9 B-331564 OMB and State have failed, as of yet, to provide the information we need to fulfill our duties under the ICA regarding potential impoundments of FMF funds. We will continue to pursue this matter and will provide our decision to the Congress after we have received the necessary information.

    We consider a reluctance to provide a fulsome response to have constitutional significance. GAO’s role under the ICA—to provide information and legal analysis to Congress as it performs oversight of executive activity—is essential to ensuring respect for and allegiance to Congress’ constitutional power of the purse.

    All federal officials and employees take an oath to uphold and protect the Constitution and its core tenets, including the congressional power of the purse. We trust that State and OMB will provide the information needed.

    Thomas H. Armstrong

    General Counsel

  8. The Government Accountability Office, a nonpartisan agency that reports to Congress, found the Trump administration violated a law that governs how the White House disburses money approved by Congress.

  9. Thanks Payne for this brief update, I would also say this here… No doubt, this year started well for cryptocurrency market most especially bitcoin being the cheerleader in the cryptocurrency market. Besides, it is also the largest digital asset and by far the most traded. Although the bulls are still struggling to break pass the $9,000 resistance level, there is still high probability the price will breakthrough to hit $10,000 resistance area in near terms if bitcoin could protect $8,500 support level against the US dollars. For good reason, i still find bitcoin very profitable and it's been going on very well for me because i was smart enough to find a working strategy/daily signals to trade with ever since the last bear market, Lovatt Norton's daily signals has been of great benefit and it's accuracy is imaginable. I was able to grow my 1.2btc to 7.8btc within 3 weeks interval with Norton's daily signals which you would agree is a good profit and the market does not have negative effect when using his signals. Well no time is ever too late to start accumulating with Norton's daily signals. Norton can be reach via Whatspp: + 19092833663 and Telgram @ Lnorton09 for inquiries into profitable trading systems.

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