Dow Rallies, the Unemployed, Not So Much

An "expert" on CNBC calling today a "snap back" rally. He says market fundamentals are good. He also says that today's rally has a "short gamma effect." I guess if Ken Marschner spews some bullshit out- we can take it to the bank. Maria Bartiromo doesn't look so good to me.

Check this out. It will have you on the edge of your seat. I promise. http://www.optiontradingtips.com/greeks/gamma.html

Today's vote in the House is going to have a short gamma effect on the pocketbooks of 2 million Americans. No unemployment benefit extensions. Sometime after Dec 1, the unemployed will have to start bumming money from the relatives or use Ken Marschner's advice to score some short term gains.

I can hear the whining now. Oh, those evil Republicans. Right before Christmas. The inhumanity of those bastards. The lefty blogs will be buzzing. Just checked Huffington Post and snipped this headline. The Plot To Ruin Christmas: As Holidays Approach, No Plans In Senate For Vote On Unemployment Benefits

Here's the good news. When these two million people fall off the unemployment count and it legs down to 9.1 or so, the nanny government statists can take credit for "fixing" our economy.

Maria is on again with some other guy claiming the economy is improving. GM now selling off. The winning streak continues.

Comments

Post a Comment

Popular posts from this blog

The "Keeping Time" Has Arrived- The Sunday Collage

 Mrs. Elizabeth Powel asked Benjamin Franklin the question. What do we have, a republic or a monarchy? Franklin answered, "A republic if you can keep it." Probably historically true.  In a republic, the power to govern is held by the people or their elected representatives. By consent. We have checks and balances for those representatives, and we have a rule of law. That theory was meant to keep an oppressive government at bay. To keep them from acquiring too much power In a democracy, the people directly make every decision. There are no representatives. Democracies often devolve into mob rule democracies. Like the one we have now. A republic is meant to protect the minority from the oppression of the majority. A rule of law is what keeps it civil. A minority member's interests are protected. Until the mob takes over. Now we can debate who, what, when, and how we have lost our republic. We can even debate whether we still have one or not. On paper, we might have a republ
Read more

The Killing of Craig Robertson- The Sunday Collage

Image
"Anger is brief insanity." Mom attributed that quote to Hemingway. Having been on the receiving end of mom's wrath more than a few times, that phrase has always made sense. Craig Robertson, age 75, died in Provo, Utah on August, 9, 2023. He was killed by an FBI tactical team for making threats. He was an Air Force veteran, welding inspector, and wood worker. He had been married twice and widowed twice. He had three children.  He was not in the best of health and walked with a cane. He loved guns and was a member of the NRA. Robertson was no fan of the democratic party. To be fair, Robertson had made several threats regarding Joe Biden, Vice President Kamala Harris, Manhattan District Attorney Alvin Bragg, and Attorney General Merrick Garland, among others. These were descriptive threats wherein Robertson went into great detail about how he would accomplish the killings of those individuals. We must assume that he actually made those threats on social media, since he never
Read more

The United States- The World's Biggest Banana Republic

 This week was one for the ages. The Michigan State Police confirmed that hundreds of thousands of illegal ballots, a conspiracy in the swing states, was not only caught on video and investigated- Michigan did nothing and the FBI did nothing. This video amazingly coincides with the 3 a.m. miraculous election of Joe Biden in 2020 who was losing and then suddenly pulled a Presidency out of a hat. Via the Gateway Pundit, you will likely not see this anywhere mainstream.  https://www.thegatewaypundit.com/2023/08/now-we-have-proof-tgp-exclusive-massive-2020/ The Biden family was paid over 20 million dollars by Chinese, Russian, Ukrainian and Kazakhstan nationals while Joe was the VP. Funny now that Biden and the democrats have been sponsoring the Ukrainian war with US tax dollars after receiving bribes in the millions. This while Obama was President. What did he know?  https://www.theepochtimes.com/us/foreigners-paid-more-than-20-million-to-biden-family-associates-bank-records-5453849 The J
Read more