Buying On The Dip Is Not Insider Trading

You can excuse AOC for her willful ignorance. As Sen. John Kennedy of Louisiana said of the congresswoman from the Bronx: ‘AOC is the reason they put directions on shampoo bottles.”

But the rest of them? The Democrats in Congress clutching their pearls and accusing the White House of insider trading after decades of shamelessly enriching themselves on what ought to be illegal stock trades?

Right on cue Wednesday afternoon, the Greek Chorus of Trump Derangement Syndrome sufferers on Capitol Hill accused the president of “insider trading.”

Seriously?

Hint: When the president posted “Today is a good day to buy stocks” on Truth Social Wednesday morning he wasn’t just whispering in the ears of his friends and family.

Trump told THE WORLD that the stock market may have bottomed out and this was a good time to invest since he knew his announcement that there would be a 90-day pause on his tariffs for countries other than China would send the market in to the stratosphere. For one day at least.

Anyone with a little dough could have jumped in Thursday morning and out on Wednesday morning.

If you missed the opportunity to make some money - as I did - blame yourself not the president.

Mea culpa, Mea maxima culpa.

I bought my first shares of stocks when I was in 8th grade. My father and I went to the New York Stock Exchange, sat down with a guy from what was then known as Merrill Lynch, Pierce, Fenner and Smith where I presented a check for the total sum in my school savings account.

I can’t remember how much was in it - $200, maybe? - but my babysitting and lawn-mowing money was enough to buy a couple of shares each of RCA, American Motors and Consolidated Edison. The first two companies have been long out of business. But ConEd is still around and I reinvested the dividends, meaning I’m still invested in one of the largest energy companies in the U.S.

What did I learn when I was in 8th grade? My stock broker, who treated me as if I were a big investor, admonished me to always a “sell high”.

“Buy on the dip,” he told me.

I don’t speculate in the stock market, but as the market cratered earlier this week I kept thinking that If I had some loot sitting around I’d parachute in while the market was down. Historically it never stays that way.

Memo to Adam Schiff, Chuck Schumer, AOC, Elizabeth Warren and every other Democrat who was praying for a stock market crash, followed by a recession or - better yet - a depression: Anyone with a nerves of steel jumped in earlier this week, betting that the market had nearly bottomed out.

This wasn’t insider trading, Shoot, members of the Congress are the grandmasters of that dark art. Their anger that the bond market recovered so quickly is disingenuous.

Noticeably quiet this week was Nancy Pelosi. The stock market queen whose net worth is north of $114 million.

No doubt she’s been on her knobby knees since January 20th praying that Attorney General Pam Bondi and FBI Director Kash Patel don’t become overly interested in all the money she and her husband slurped up trading stocks for the past several decades.

Oh, there’s lots of insider trading going on. Look closely at Congress to find it.