DJIA crashes below 30,000

June 16th, 2022

DJIA crashes below 30,000

I have been posting a lot about stocks lately because I know some of you are worried. I hope these posts help. 
Quick stock market wrapup thoughts:
Although the Dow finally fell below 30,000 and hit a new low for the year, it is NOT in a bear market yet. A bear market is not a feeling. It is an actual specific term that refers to a 20% drop from the high. The NASDAQ is down over 33% and the S&P 500 is down over 22%. However, the Dow is still down less than 20% from its all time high of 36,952. That was January 5, 2022. Only 5 months ago.
A 20% drop would be 29,562. The Dow bottomed out today at 29,740. It stubbornly refused to go lower. Now if it falls below 29,562, all heck could break loose.
However, during the pandemic of 2020, the Dow dropped 40%. So there could be plenty of pain ahead.
On the other hand, if the Dow can get back above 31,000, it would be a positive sign. It really needs to get back above 33,300 for me to feel better. That is 10% from the high.
We are not in a recession yet. A recession is not a feeling. It is also a specific term referring to 2 consecutive quarters of negative economic growth. We had negative growth last quarter. If this quarter that ends June 30th turns out to be negative, then in July we will officially be in a recession. However, that might not happen.
I want all my friends to lead a better life, and that starts with healthier finances. For those of you who can ride out miserable economic times, you will be much better off in a few years.

Dr. Anthony Fauci has Covid

June 15th, 2022
Dr. Anthony Fauci has Covid. While I wish Covid on nobody and hope he recovers quickly, there is a big difference between his Covid case and mine.
I did not help unleash Covid on the world and then lie about it and then use my government power to get social media companies to censor the truth. He did.
Mark Zuckerberg and Parag Agrawal, shove your disclaimers and fact-checks where the sun don’t shine. Your stock price is down 50%. Take your head out of your hide and stop censoring truthful posts. It’s morally wrong and bad for business.
D. Fauci, don’t cause problems you’re unable to fix.

Steve Scalise: 5 years later

June 14th, 2022

Steve Scalise: 5 years later

5 years ago today on June 14, 2017, a leftist Bernie Sanders supporter shot conservative Louisiana Congressman Steve Scalise.
5 years later, the left spends every waking minute fomenting leftist violence against conservatives. There have been hundreds of such acts, including the recent attempted murder of conservative Supreme Court Justice Brett Kavanaugh.
The left continues to use January 6th, in which alt-right individuals committed misdemeanor trespassing, as a distraction from the real story. Leftists, unwilling to accept that conservatives have a right to exist, continue to try and murder them.
Those leftists tossing Molotov cocktails into buildings where conservatives work, live and breathe had no comment.

Flag Day: My pride flag is red, white and blue

June 14th, 2022
Flag Day: My pride flag is red, white and blue
Many liberals have been waving rainbow flags in honor of pride month.
Let’s see how many of these same liberals wave red, white and blue American flags today in honor of Flag Day.
Supporting gay rights without supporting America is hypocritical and insane. Only in a nation as beautiful as America could gay people have the right to wave rainbow flags unimpeded.
If you are proud to be gay, or black, or Arab, or anything else without being proud to be American, you are living in the wrong nation.
Try waving rainbow flags and being gay in Saudi Arabia, Iran or the Gaza Strip. Good luck with that.
Gay rights exist here because we have a Bill of INDIVIDUAL Rights established by the Founding Fathers. Not Founding mothers or people representing 155 other genders. Founding Fathers.
These men gave all people the right to own a gun to defend themselves, protect themselves from self-incrimination, protection against cruel and unusual punishment, and the right to freedom of speech.
So whether you fly a rainbow gay pride flag or a silver and black pirate flag to represent the Raider Nation, fly those American flags high today…and every other day.
As Ray Charles sang, “America, God done shed his grace on thee.”

Understanding red flag laws

June 13th, 2022

Understanding red flag laws

Liberal #1: “My neighbor has conservative political views. I don’t know how to force him to see things my way.”
Liberal #2: “Does he own guns?”
Liberal #1: “Yes, but I’m more concerned about his views on abortion and gay rights. He never said what they were but he goes to church every Sunday.”
Liberal #2: “Easy enough. Just call the cops and the feds on him. Say that he has guns and is acting erratically. The government will come, kick in his door, and seize his guns.”
Liberal #1: “Doesn’t he get a trial?”
Liberal #2: “The guns get seized first. Guilty until proven innocent. Even if your neighbor is exonerated, the government can drag out the paperwork. It will take forever for your neighbor to get his guns back, if ever.”
Liberal #1: “Can I get in trouble for filing a false report?”
Liberal #2: “It’s not a lie if you believe it. You felt scared. You did what you had to do.”
Liberal #1: “Thank you so much for letting me know. I’ll make the phone call as soon as I get back. I’m so glad we can make our neighborhoods safer. Anyway, I’m off to a BLM/Antifa rally. These evil corporations won’t know what hit their businesses.”
This was today’s explanation of how Red Flag laws happen, and why liberals should not be put in charge of anything.

Stock market summary in various forms of English

June 13th, 2022
Stock Market summary in various forms of English:
Great Britain: “Beastly day, what?”
USA: “Things are f*cked.”
Me: “Liz Warren in spandex levels of ugly.”
France: “Vive la surrender!”
Ukraine: “At least your stock market wasn’t bombed today. Thanks for forgetting about us.”
China: “Fentanyl is down 10%. We must fix the supply chain so we can ship it faster.”
Iran: “Death to America! Now we can’t even afford to buy the materials for our nuclear bombs!”

Stock Market 2022 Capitulation Day

June 13th, 2022
There is something in the stock market known as “capitulation day.”
Capitulation day is the day when stocks are down so much that everyday investors give up. They say, “This is not for me, I’m done.” Then they sell everything.
Unless you need the money right away, do NOT sell everything on capitulation day. Capitulation day is when the the big investors get back in and start buying. They make their money based on your panicking.
I have no idea if today is capitulation day. I suspect it is not. However, with stocks, everything is based on your “time horizon.”
If you have 10-15 years left to invest, then stay in the market and ride it out. I did some buying today. It could go lower, but passing up good companies that are 50% off in the hopes they are 60 or 70% off is not what I’m about.
Again, if you are nearing the end of your working life, that is one thing. If you have over a decade of working life left, do not panic.
I’ve been doing this since 1994. The U.S. stock market always bounces back in the long run. This is because America always bounces back in the long run.
I believe in the U.S. stock market because I believe in the USA. I believe in American ingenuity, American corporate creativity, and American exceptionalism. Every time we have faced tough times, we have bounced back.
Are these tough times? Sure. However, this is not Pearl Harbor or 9/11. It’s not even the 2008 financial crash. Not yet anyway.
I am a rah-rah cheerleader for America, but not just because of a sense of duty and patriotism. I believe in America because the evidence tells me that betting against America and Americans is a fool’s errand.
Do what is best for your personal life, health, wealth and those you love. Do not have rose-colored glasses. There could be plenty of short-term pain ahead.
In the long run, I still believe U.S. equities are the best place to put your money.
1) Buy good companies.
2) Roll over the dividends.
3) Don’t sell.
4) Don’t die.
Also remember the words that are on my bedroom wall.
(Not the stuff about getting paddled by Mistress Evil. The other words.)
Investing (like life) requires character, guts, and the knowledge that at the heights of ebullience and the depths of despair, this too shall pass.
If you have a reasonable time horizon and you own good companies, do not let panic drive you out of the stock market.
Keep your cash ready. When everyone else is ready to give up, be bold and brave.
Capitulation day will come. When it does, be buying, not selling.
Like every trader/investor, I get plenty of things wrong. Yet in the long run, I turn out to be right. That is my story because it is the story of the stock market. It is also the story of the USA. We get some things wrong, but in the long run on the big things, we get it right.
Stay calm.

Top 22 games of NFL 2022

May 13th, 2022

The Top 22 NFL Games of 2022

1.) Week 1: Sunday 9/11, Las Vegas Raiders at Los Angeles Chargers 

2.) Week 1: Monday 9/12, Denver Broncos at Seattle Seahawks

3.) Week 2: Monday 9/19, Tennessee Titans at Buffalo Bills

4.) Week 3, Sunday 9/25, Los Angeles Rams at Arizona Cardinals

5.) Week 3 Sunday, 9/25, Green Bay Packers at Tampa Bay Buccaneers

6.) Week 4 Sunday 10/2, Kansas City Chiefs at Tampa Bay Buccaneers 

7.) Week 4 Sunday, 10/3, Los Angeles Rams at San Francisco 49ers

8.) Week 6, Sunday 10/16, Buffalo Bills at Kansas City Chiefs

9.) Week 8, Monday 10/31, Cincinnati Bengals at Cleveland Browns

10.) Week 9, Sunday 11/6, Los Angeles Rams at Tampa Bay Buccaneers

11.) Week 10, Sunday 11/13, Dallas Cowboys at Green Bay Packers

12.) Week 11, Sunday 11/20, Kansas City Chiefs at Los Angeles Chargers

13.) Week 12, Sunday 11/27, Cincinnati Bengals at Tennessee Titans

14.) Week 12, Sunday, 11/27, Los Angeles Rams at Kansas City Chiefs

15.) Week 13, Thursday 12/1, Buffalo Bills at New England Patriots 

16.) Week 13, Sunday, 12/4, Kansas City Chiefs at Cincinnati Bengals

17.) Week 14, Sunday 12/11, Baltimore Ravens at Pittsburgh Steelers

18.) Week 15, Sunday 12/18, New England Patriots at Las Vegas Raiders

19.) Week 15, Monday 12/19, Los Angeles Rams at Green Bay Packers 

20.) Week 16, Saturday, 12/24, Las Vegas Raiders at Pittsburgh Steelers

21.) Week 17, Monday, 1/2, Buffalo Bills at Cincinnati Bengals

22.) Week 18, Sunday 1/8, Kansas City Chiefs at Las Vegas Raiders

Top 10 observations of the 2022 NFL Draft

April 30th, 2022

10 things we learned from the 2022 NFL Draft

The 2022 NFL Draft is now in the history books. Here are 10 things we learned from the Draft.

1) Reports that this was the weakest quarterback class in a long time proved true. The first signal-caller was not drafted until the Pittsburgh Steelers took Kenny Pickett with the 20th pick. Malik Willis was not even drafted until the third round. 

2) This was a weak first round for the offense in general. The first five picks were all defense. No running back was chosen in the first round. Whether or not defense wins championships is debatable, but this was the year where offensive superstars were put on the back burner.

3) Even when not picking, the Raiders somehow make news. They traded away their first and second round picks to the Green Bay Packers for stud wide receiver Davante Adams. Yet with the Draft being held in Las Vegas, the Silver and Black had home field advantage. Derek Carr got the crowd pumped up early on. He also slapped down rumors of a Darren Waller trade by saying it was not happening. While this is beyond his authority, Carr would never make the statement without tacit if not outright clearance. Mark Davis even suggested that he would welcome Colin Kaepernick to his team “with open arms.” The team during the Draft announced that they would be declining the fifth year option for all three 2019 first round draft picks. 

4) Speaking of Kaepernick, he remains toxic. Every year or so an owner or coach or two will muse about bringing Kaepernick onboard. Then the Draft goes by and nothing happens. Kaepernick remains fired because owners do not want to anger a large chunk of their fan base on a backup quarterback. Kaepernick is simply not worth the hassle. 

5) Mr. Irrelevant never gets old. This year it was quarterback Brock Purdy, who has the potential to be the best Brock since Osweiler but may never reach the level of Dieter Brock. 

6) Ryan Tannehill is on the hottest of hot seats. The Titans had home field advantage throughout the playoffs and lost at home 19-16 to the eventual AFC champion Bengals. The Tennessee defense beat the daylights out of Bengals quarterback Joe Burrow, sacking him nine times. Yet Tannehill threw three interceptions, including a killer late in regulation when the game seemed destined for overtime. Tannehill revived his career after ;anguishing in Miami, but he is seen as the weak link on a very physical Mike Vrabel team. Drafting Malik Willis is a shot across Tannehill’s bow. 

7) Ed Marinaro has not been on the football field for a long time, but he has also not been on the acting stage for awhile either. The former “Hill Street Blues” actor nearly had the microphone yanked from him when his opportunity to announce the Vikings pick turned into a monologue. 

8) This first round involved more trades than anything not connected to the stock market. Nine teams had more than one first round Draft pick. 10 teams had no first round Draft pick at all. These are both records in the Super Bowl era.  

9) The Draft again inadvertently showed why anything not connected to football is unnecessary at a football event. For some reason the NFL thinks that the Super Bowl requires a halftime show with music acts rather than football highlights. The Super Bowl is only three to four hours. The Draft is nearly 15 hours, and people tune in just to watch football people talk about football. There is no fluff. The Draft is all football, all the time, and it works. 

10) Professional football remains the king of all sports. The NBA and NHL playoffs receive less attention than a three-day football infomercial involving billionaires making telephone calls and millionaires speculating what the billionaires are talking about. Baseball games are played, which somebody cares about somewhere. An event that does not even involve an actual game is still more important than games in other sports. 

Bridget Moynihan’s ex-boyfriend, loser of 3 Super Bowls, fails at retirement

March 14th, 2022

https://www.commdiginews.com/sports/nfl/tom-brady-gisele-bundchens-bored-husband-returns-to-work-142981/