Welcome to another in our series of idiotic time (and taxpayer money-wasters) from the mean-spirited Congress.
Which will gavel in today to another distraction to keep Amerizuela fired-up so as to avoid the plebes asking questions. Like “Where the F is our stimulus checks?”
Much more important that getting bills beat-back, roof over the head, or food on the table, is the democrat drive to keep Donald Trump from holding office again.
Yessir: Country survived four years of him, already. Besides, now that both parties are figuring out “fine-tuning controls of vote counting” the playing field is bound to be nearly equal again.
That’s what dems are afraid of.
Throwing open borders, giving China more tax breaks, and blaming the Trump administration for anything (and everything) that goes wrong…
If you want to squander your life, watching a Schemer (who is now cozying up to the radial lefties in the party, figures the NY Times) and a Peloser (about to use a Trump voter claim to prevent another republican woman from taking her house seat), have fun. We got real things to think about. A diet of hypocrisy from the Cyclops in your hand ain’t our cuppa tea.
If the rest of media was honest, a lot of mainstream would be focused on D.C. demonstrations of antifa and BLM: BLM and Antifa march in DC, threaten to ‘burn down’ Washington. But you won’t here about it in American “double-standard media.”
Don’t mind the hypocrisy, just have another blue pill…
Bucs Boost Stocks
Who cares how much the Brandy bunch won by: The Wall Street “Super Bowl Indicator” (background here) says that since the NFC won, we are not on the verge of a Bear Market. Dow futures were up over 100 early with similar gains seen in the S&P and the Techies.
I don’t know about you, but when a “sporting contest” becomes seriously lop-sided, interest wanes and the hunt for the clicker begins.
It’s Good for Markets, Though
As we explained to our subscribers this weekend, the Bears have a real (and terrible) problem now.
Sure, there’s a chance of a “left field event” (meteor impact, yada, yada) but with the market hitting fresh all-time highs last week, we can wait until at least mid April (and actually beyond) before getting too nervous (Congress and Biden, aside).
Back in the blow-down following the 1929 stock market bubble top (Sept. 3, 1929), the market was moving down until October 29 – when the bottom fell out. Two axioms to work on going forward:
- Markets don’t crash from all-time-highs (generally)
- Crashes are generally 2-months after a significant high.
As a result, Bulls could have the field until mid-April. And, if we can put in a massive rally in coming weeks, the rest of the year could line up as a “Sell in May” decline (a macro wave 1 down) followed by a summer rally till late August (fed by more pseudo-money being “made-up”). And then a mega wave 3 crash down in late fall.
We shall see, but not from a position of fear.
Hangovers on Wall St. today should see some back and forth: Good because of the Bucs, bad because of the Kabuki played by the fools on the hill.
Tomorrow NFIB Small Business Optimism will be out. In last week’s ADP report, medium-sized businesses (50-499 employees) was the warmest part of a sickly job scene. Think of that as a scene-setter for the NFIB data.
Wednesday, the Consumer Price Index is coming. We do our own, saving a couple of our grocery slips. The experienced rate of inflation is always a galaxy-distant from what GovSpeak argues.
Thursday will be useful: new jobless claims and the Fed balance sheet and money-printing festival report. Good week to take Friday off.
Believe me, the thought has crossed our minds.
Things Worth Knowing
Since Elaine (awaiting hip replacement) and I (see “wine receiver” article from Sunday) are in great pain, we keep kicking around this Delt-8 THC which is going into the higher-end CBD products. And if you read the story “Marijuana concentrate sales up 40% as more consumers turn to the product category” maybe senior people killing pain is a reason.
Covid Credit Claims: We kind it curious that since inauguration day, the daily case increase in CV-19 had dropped by about 28% – and in a suspiciously linear way. Could it be that the dynamics of the disease were politicized? (Oh! Perish the thought!) Still, with Trump facing impeachment, we find it strange that Biden team says it sees first signs of improvement in fight against pandemic. Someone ought to teach them statistics. Trend’s been obvious for a while, now.
Flavor of Business is Changing: Americans are hatching many new businesses, confounding expectations. Which isn’t that confounding (if you have a room temp, or higher, IQ…): Sit 50-million people in front of home computers and there are bound to be many new ways found to monetize something. Isn’t everything a business model?
Speaking of Budgets: Seasoned Citizens, take note: Democrats set to introduce bill that provides $3,600 per child for some families: report. We don’t have a problem with children getting dough (they cost, OMG do they ever…). But say, left-leaning party on the verge of communism, wouldn’t that be AGE DISCRIMINATION? (Only a backwoods reprobate like me would be so foul as to recall the Equal Protection Clause.
Crypto Madness: I can hear the bitcoin nazi touting me already: “German Regulators Seize $60 Million In Bitcoin But Don’t Have The Password.”
Bitcoin this morning was at a nearly equal level to last month’s highs. Anyone besides old four-eyes thinking “double top” formation?
Shift Workers Beware: We knew from previous studies that women who did shift work *(and too much light while sleeping) have an elevated risk of some cancers (breast, going from memory – something I’d remember as a repro…). Well, here comes another warning: “Study links exposure to nighttime artificial lights with elevated thyroid cancer risk.”
Food at Home: Oh boy, I wish I’d come up with this one to weasel money out of government: “Plant science startup receives NSF funding to advance in-home greenhouse technologies.” Come on, are we the only ones who follow all the hard word the home-grown weed people have already done? Lights, watering, fertilizers, hydroponics, seed hybridizing, fans and air handling… Who are these people, again? Anyone who can’t figure out dishwasher-sized “grow boxes” needs to be introduced to gummies…
OK, write when you get rich,