SPDR S&P 500 (SPY)

[risk on]

I think it’s gonna be a long road to get a true reaction from these developments , that of course depends on “ WHO “ is being indicted . Most speculate it’s Paul M. Or Mike F. , and that could be rather inconsequential to markets , as both of those folk know that the power of the pardon can prevent them from having to play “ lets make a deal “ with Bob M. ** THE TRUE RELEVANCE FOR THIS BOARD is HOW IT AFFECTS MARKETS** and at this point, I really don’t think SPY cares , as it is no where near to affecting Tax Cut Proposal , which is the biggie. But, guess what IS a danger to the Tax Cut dream, THE CBO REPORT.

How in the world will fiscal hawks square their sensibilities and cries of “ foul “ over the last eight years with a CBO report that shows the Nat. Debt growing by $4- $6 TRILLION, because imo that will be a lasting mat on their legacy , and what they will be remembered for.

Billionaires getting richer at the peril of seniors and the needy vis a vis Medicare and SS payments .

Not a legacy I would want. Nor what this country should stand for. FDR is rolling in his grave , and even Reagan is blushing in the face of this potential Hubris