This old quote, from an unknown source, says quite succinctly what the Bull has stated often in his blogs. Primary factors to valuing a company are its earnings, revenues, and the prospects for the growth of each. Secondarily, the prevailing business conditions also can influence valuation levels; are interest rates high or low, are prospects generally improving or not, do regulatory constraints hamper the outlook, etc. However, earnings and opportunity for growth supersede all else.
Politics and many other news items affect stock prices very little over time. They are at most one of the secondary factors. That is why it is so important to keep focus on what is important, earnings, revenues, and their growth, and push other events into the background. Short-term traders may want to take advantage of near-term events but that is not investing.
The Bull and his partners invest for the long-term and keep their eyes on what is relevant. Conditions are still excellent for stocks; stay steady, my friends.
the Lonely Bull