General Kelly now has to do a high-wire act to keep his job. I wish him well, and I'm certain he recognizes the difficulty in dealing with a powerful man who appears to any casual observer to be crazy.

As the writer Catherine Lucey points out, the economy is steaming along at the same rate as the last year of the Obama administration, no more, no less. Wall Street still has the longest bull market in history, but a correction will come, and maybe a bear market. The president whether Dem or Rep has little to do with the markets, unless he instigates a disaster. Health care "reform" seems to be dead for now, but "tax reform" a la Republican Congress is likely to be a monster.

We are still in for a rough ride with rude company.