Legal Scholars will have their hands full: As a final insult to America on his way out the door, Biden pardons Fauci, Milley, and members of the Jan. 6 committee | AP News. We aren’t sure this is legal because crimes have not been charged. So we put the question to A.I. Yes, a president … Read More
Damn. This is one of those glorious news days. When all I need to do is write an intro line to each item in a whole stack of important news releases. So, while we wait for “what goes up” (to run the retail shorts ahead of options and wait for the inevitable downturn), here’s today’s … Read More
My friend, the Economic Fractalist, believes Monday could be an interesting one in Markets. While the take over on his site is largely based on fractal economics, the secular news flow is also loaded for firing. And it may not be just rock salt. Jobs for Sheeple OK – super weak November jobs report from ADP … Read More
Cold enough people’s brains freeze, is how we figure it. One of our 3806 ham radio cohorts (“coffee good…” John) works for one of the Big Box stores here in Texas. And going to work Sunday, you could almost make out the “concern” in his voice. People go a bit nuts when Big Snow or … Read More
Early today, the Futures were pricing in a good-sized decline. Dow Futures at 7 AM Eastern were down about 170 and it looked like the S&P and NASDAQ were on similar pathing for four-tenths of a percent drops. Meanwhile, after hitting $106,490 Tuesday, Bitcoins had fallen to the mid $95,000’s. While the market continues to … Read More
Yes. Market dropped like a free-falling safe Wednesday. And yes, we had a nice 4-digit pop in the Lunch Money account. But this is a move we have been talking about for a long time. For example: Back on November 5th I wrote that: “Early futures were (predictably) up because the real close Monday was … Read More
First, a Readings note: There is an update on G.A. Stewart’s website titled Prelude to a Coup which we judge to be worth adding to your Sunday reading list. Because in case you haven’t figured it out, with the Presidential Electors meeting next Tuesday and then the counting in (the New) congress an January 6th … Read More
Today is a “”tough one” out here in the wilds of East Texas. Oh, the weather, while turning cold is OK. Our house guest /consigliere has had a good time. Even got a case settled Wednesday afternoon. Ah, the magic of MagicJack VOIP, multiple monitors, and Starlink. Yeah, all that stuff is fine. And the Turkey … Read More
Chicago Fed first, then a rally. But Housing looms tomorrow. Even so, with some possible Housing regret, it won’t last long because turkey is lurking this week. We can also see the broad sweep of history, as we have now lived through the entire transition from “National Call Your Broker Day” – which was what … Read More
You are on the Titanic. The band is playing on. The iceberg has been hit. A red line has been crossed. In the small world of credible “seers” and “prognosticators” there is Big Trouble just ahead. A break. And then the Biggest and Worst. A great starting point is G.A. Stewart’s latest piece on The Age … Read More
I suppose Fall Gardening is still on some people’s minds. The Frozen North isn’t – at least yet. And the Southern states are not all atwitter about ice storms. But, give it time. At our place, I have made a simple decision this year NOT to fire up the greenhouse heater system (Chinese diesel 8 … Read More
Been one hell of a week, hasn’t it? Market’s set to take a breather this morning. Fed regional chieftess Michelle Bowman’s likely to offer some level-headed assessments after the quarter point cut. And the markets are trying to figure out “Where next?” They hit the top of a trend channel on new highs Thursday, but … Read More
Fill’er to the rim – or is that brim? Odd ducks be quacking in the land of Sim. Will this be “Joe Go Day” with a side of Fed Shock? Hmm… Charts that Wow! New all-time Aggregate Index highs came rolling in after the Trump win and today we are expecting some carry-forward and maybe … Read More