11-NOVEMBER 03-2020

Just Vote..Good morning.
Markets started off quietly ahead of Election Day 2020.  Most traders look ready to move past the election volatility irrespective of the outcome.  We’ll soon know if the polls got it right or were way off base again.
But politics is a distraction from the markets rather than a driver of it.  With an economy still working to recover from pandemic shutdowns — and with many areas looking to expand shutdowns amidst a rise in cases — the election (and it’s inevitable recounts) will likely be the least of concerns for investors.  Perhaps markets are just starting to price in the next round of stimulus, which seems a given no matter the outcome.

Now here’s the rest of the news:

It Doesn’t Matter Who Wins – by PJ O’Rourke
America is an enormous ship of state, too big and complicated for any single person to control it…
Our ship of state is an old-fashioned square-rigged treasure galleon, but with a crew of 16 million.  That’s the number of people employed by America’s federal, state, and local governments.  This makes for a vessel almost three times the size of Norway (population 5,435,400).
Of course, in theory, there’s a captain – the president.  But that’s just one of the helms men.  There are also 435 congressmen, 100 senators, and nine Supreme Court justices with their hands on the wheel.
Let’s assume that this gang of jack-tars trying to steer all agree on which direction the boat should go.  (That has never happened but, for fun, let’s say it does.)  Trump gets re-elected, holds the Senate, and retakes the House – “Right full rudder!”  Or Biden wins, keeps the House, takes the Senate, and the ghost of Ruth Bader Ginsburg comes to Amy Coney Barrett and Clarence Thomas in their dreams and convinces them to join People For the American Way – “Left full rudder!”
But somebody still has to go around convincing the ship of state’s 16 million crew members – busy battening hatches, furling mainsails, weighing anchors, shivering timbers, and whatever else it is that sailors do on sailboats – to get with the program and make sure something happens with the steering gear.  Trump hasn’t had much luck in the past four years.  And Biden strikes me as being about as effective as The Skipper, captain of the S.S. Minnow on Gilligan’s Island.
Meanwhile, America drifts where the ebb and flow of circumstance take it…

November 03, 2019

Daylight Savings Time Begins!  With an extra hour added to the weekend, there’s no better time to discuss ‘The Time Management Myth.’

Here’s DarrenDaily.

It supposedly takes 10,000 hours to become an expert at anything!

ShoppingBags

 

 

I think I’m at the 100 hour point in Graphic Design.  😉

IMG_0712
Come From Aways, Do You?

More Posts

07-JULY 26-2021

Good morning. As much as Wall Street loves rumors, Washington DC is the major league.  The latest rumors are that Federal Reserve Chairman Jerome Powell might not be nominated for a second term to lead the Fed.  While his tenure has been little different than his prior two predecessors given the crises he’s had to deal with, some progressives don’t think the Fed chair has done enough on income inequality and other matters. That could lead the White House to find a more radical leader for the central bank, potentially even one willing to embrace the latest economic theories such

07-JULY 25-2021

Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday.  A collection of the weeks videos from Darren Hardy.  Enjoy! Naturally beautiful: Waves Crash Across the Rocky Shore. … I’ll watch awhile!. July 25, 2020 David Newman suggests YOU Grow Your Business with a Book! One of the fastest ways to grow your business (especially now) is with a book that positions you as an expert. Why? Because as opposed to webinars or events a book gives your prospect instant gratification.  They are able to download it and consume it the exact moment they see it. So

07-JULY 24-2021

Letting Go Of Guilt “Guilt can stop us from taking healthy care of ourselves.” –Melody Beattie Guilt is like a rock.  It sits in the pit of our stomachs and can weigh down our every thought, behavior, and action.  It can distract us all throughout the day and keep us awake at night.  Our muscles work overtime just to carry it around, and yet we still hold onto it. It’s imperative that we stop feeling so guilty. That’s not to say that you shouldn’t feel guilt.  True guilt is a loving instrument from Spiritual Guidance used to convict, correct, and confirm your

07-JULY 23-2021

Good morning. Technology companies need to constantly innovate.  That results in a high amount of money being spent on research and development, which in turn helps keep a company’s taxes lower than a company that makes the same product year-in, year-out. So it’s no surprise that regulators are always on the lookout for ways to try and get more taxes out of these massive firms that often have little to no earnings.  One proposal is being floated for a new generation of technology: a space tax.  Or, more specifically, a per-passenger tax on space flights like the ones just completed

07-JULY 22-2021

Good morning. The rise of retail traders over the past year has likely saved a number of companies from bankruptcy, or helped bankrupt companies bounce back and exit bankruptcy faster.  That’s created a lot of interest in finding short squeeze stocks for big, fast profits.  It’s also driven traders into options to play the trend as well. One area can also be at play for big bucks: Corporate bond markets. Case in point, 2026 bonds for AMC Entertainment (AMC) traded as low as 5 cents on the dollar last year, but have no rallied back to par.  Buyers would have

07-JULY 21-2021

Good morning. Investors sometime take a very binary approach to stocks.  They’re either all-in on a position, or they’re in cash or a different trade.  Rather than buy all at once, however, astute traders know when to average in.  As long as a company’s prospects don’t fundamentally change, this move allows investors to still have the option of cash, with the ability to buy more shares of a company when the market declines. So while Goldman Sachs (GS) recently warned clients not to buy Monday’s drop, retail investors saw a dip to buy instead.  With stocks hitting resistance at their

07-JULY 20-2021

Good morning. The stock market was in freefall Monday, much like a mini-version of its March 2020 decline.  Is this the next big sell-off?  Probably not.  Monday’s fears, based on rising mask mandate re-impositions and a few select lockdown threats around the world, are likely being overblown. In the meantime, the bigger market concern is whether or not the current economic growth is sustainable.  The facts are that it will likely slow.  Not the best news, but not the worst news either.  And inflation expectations continue to rise.  But with a lumber market shouting “timber” as it comes back down

Like this article?

Share on facebook
Share on Facebook
Share on twitter
Share on Twitter
Share on linkedin
Share on Linkdin
Share on pinterest
Share on Pinterest

Leave a comment

Send Us A Message