Well, we finally had a few bad days. The stock market declined by more than one percent; big deal. The decline happened because investors worried that the Trump agenda, especially that part dealing with stimulating economic growth, might be in trouble in Congress. That does not seem to be the case and, at any rate, does not hinge upon the vociferous debate about healthcare.

Whether there is a Trump economic agenda or not, the U.S. economy is benefiting from reflation occurring around the world. Business prospects already seem brighter.

It would be nice to see more domestic stimulus in the form of infrastructure spending and a more rational tax system, but this market move has not and does not depend upon that. That is why we have been confident in underlying support for this stock market.

Stay steady, my friends, and keep dancing!

the Lonely Bull