Nashville’s Good Guys With Guns Show That America’s Courage Is Not Extinct
The Biden Administration's Shameless Aversion to Responsibility
In the Alphabet Mafia, Does the ‘T’ Stand For ‘Terrorist?’
In Defense of Netanyahu
Supreme Court May Finally Rein In Disabilities Act Abuses
'This Is an Insurrection': Protesters in Kentucky Storm Capitol During Debate About Trans...
Watch How Thomas Massie Engages With Democrat Colleague Screaming About Gun Control
When Seconds Count, Police Are Just Minutes Away – and That’s Why Kids...
Here's What Was Seized From the Zulock Mansion
Picking Up the Pieces: How I Help Women Rebuild Their Lives
Restoring Trust In Government By Using the IQA
Biden's Use of Vice President Kamala Harris
No, Miscarriage and Abortion Are Not the Same
The Deliberate Deterioration of American Values
Why the US Needs to Ban TikTok

Fat Lady with Big Bottom Sings in Stock Market

The opinions expressed by columnists are their own and do not necessarily represent the views of

In June 2009, I wrote a political article entitled Did The Conservative Fat Lady Sing? Using anecdotes from my financial career, I pretty much called the bottom of the “conservative market” in politics.  Today I’m here to pronounce the U.S. stock market at its bottom. Obviously, I could be wrong — but experience points me to the end of a destructive political cycle.

I’ve never seen so many stock charts look so dismal.  Granted, the economy stinks and rightly so, since the Obama administration refuses to open up energy production in the U.S. and keeps piling on costly business regulations, driving businesses overseas and/or shuttering their doors.  

Forget bickering over corporate income taxes.  If Congress would simply remove all the new regulations, businesses would have enough cash freed up to hire people.

But the much bigger change will come with a new POTUS, because business leaders simply don’t trust our current president.  Even if the Supreme Court ruled Obamacare unconstitutional, CEOs would continue to sit on the sidelines with their cash, wondering what type of expensive regulatory assault would hit them next.

Compound U.S. economic woes with financial collapses in Europe generated by too many years of putting local populations on the dole.  Prime Minister Margaret Thatcher said, “…and Socialist governments traditionally do make a financial mess. They [socialists] always run out of other people’s money. It’s quite a characteristic of them.”

It’s no wonder that the U.S. stock market is in the doldrums. But there is hope.

There are so many excellent choices on how to lead us out of this fiscal mess that a new president will be the popular uncle at Christmas, freely bestowing opportunity upon all willing citizens.  Open the energy markets and create jobs.  Cut the corporate tax rate — by any percentage — and create jobs.  Stop giving hard-earned taxpayer dollars to foreign countries — and reduce America’s debt.  Cancel Obamacare and cancel the massive corporate expenditures associated with implementing that program.  Close the borders and dramatically reduce crime rates and municipal expenditures (prisons, hospital, schools). Stop throwing government money at political cronies’ companies which were never solvent in the first place.

There are so many additional easy ways to turn the economy around, it’s laughable.  And when our new President begins inserting logic into economic policy, the stock market will respond.

Our job as investors is to buy low and prepare for that moment — or that decade. Because stock market success is cyclical, and tends to continue for many years until coming to an event-driven turning point.

Are there attractive, growing U.S. companies to invest in whose stock prices haven’t completely collapsed?  Of course there are.  But you’re not going to find them in this market by accident.  

I’ll continue to write about such companies, and buy their stocks. Because I have complete confidence that Obama’s socialism and destructive economic policies are coming to a close.  When that day comes, I’ll be prepared with a portfolio chock full of growing companies, good dividends, low PE’s, and optimism.

The fat lady is singing again.  It’s music to my ears!

Crista Huff,

John Ransom | Create Your Badge

Twitter!/bamransom -See more top stories from Townhall Finance. New Homepage, more content. Be the best informed fiscal conservative.

Join the conversation as a VIP Member


Trending on Townhall Video