Stocks’ March madness

WELCOME to March mad

ness. Stocks — after suffering their first monthly loss for February after 13 straight monthly gains — began March acting more like a lion with sell-offs.

Analysts and economists with full heads of hair and shiny cuff links that complement their overly starched shirts are quickly becoming a bunch of cranky curmudgeons as their trust funds sag a little bit.

As you can probably tell, I have tremendous disdain for the many faux intellectuals on Wall Street — you know, the type that forget their own genetically enabled circumstances.

Members of the self-made, street-smart, hard-working crowd are 100 percent less arrogant and smarter than the petulant Silver Spoon Syndrome sufferers.

On Thursday, President Trump imposed a 25 percent tariff on steel and a 10 percent tariff on aluminum imports from all countries — although it is primarily targeted at China.

Not my favorite move, but not a surprise if you were paying attention. And this brash action sent stocks plummeting more than 600 points from their highs of the day.

I’d like to point out that 16 months after Trump’s election win, stocks were up 40 percent, then might have corrected — and are still 35 percent higher. Only a fool would knock that. Wouldn’t you know it, all the fools came marching in on Thursday. TV business “reporters” can barely hide their dislike for Trump, and simply can’t just call it a sell-off.

Perhaps they don’t understand, or just prefer to opportunistically color their reports with their political persuasions.

But investing isn’t a political endeavor. What a disservice they are doing to those watching with the sound on!

On Wall Street, stocks can have a fantastic run and need to take a breather. After all, it is March Madness time, when even the best shooter can’t make 17 three-pointers in a row!