Anyone remember this poem from famed philosopher Friedrich Gustav Emil Martin Niemöller?
If you don’t, I suggest you research it immediately. we are living it right now.
Today I was in public and speaking about the tyrannical socialist/communist state of Minnesota and everyone wanted me to shut up, wear my diaper on my face, pretend that their fantasies were facts and do as the government says.
I was adopted out of an orphanage by a German woman and her Irish husband
Both told me history repeats itself when ignorance dominates the conversation.
What do we see today? The social media giants who were the social pariah in high school are now controlling what you see, hear and allowed to say.
If you believe I’m lying take your phone, turn it on and put it in front of an older computer camera.
You will see a red light flashing on the left of center on iPhones anyway, then your phone will shut off.
Speak about a topic and then after 5 minutes Google it. I bet no more than three letters typed when ll get you what you were talking about.
George Orwell wrote 1984 decades earlier and not surprisingly, the liberals used it as a guideline to seize control.
Republicans disguised as conservatives RHINOS, are just as guilty. Until we as a group stand up to them we will end up in a similar situation as Germany so many years ago.
Remember, evil only exists when good men….do NOTHING!
I still love my democrat friends and family but, you see it your way and I see it mine.
You saw Trump’s arrogance, I saw Trump’s confidence.
You saw Trump’s nationalism, I saw Trump’s patriotism.
You heard Trump’s unsophisticated words, I heard Trump’s honesty.
You saw Trump’s racism, I saw Trump’s words being misconstrued and twisted by the media daily to fit their narrative.
You saw Trump as a Republican, I saw Trump as a Patriot.
You saw Trump as a dictator, I saw Trump as a leader.
You saw Trump as an Authoritarian, I saw Trump as the only one willing to fight for our freedoms.
You saw Trump as childish, I saw Trump as a fighter, unwilling to cave to lies.
You saw Trump as an unpolished politician, I saw Trump as a breath of fresh air.
You believe Trump hates immigrants, I know Trump married an immigrant.
You saw Trump putting an end to immigration in America, I saw Trump welcoming immigrants to America LEGALLY.
You saw Trump’s cages at the border, I saw Obama’s cages at the border.
You saw Trump with a struggling economy, I saw Trump with an amazing economy until Democrats shut it down.
You saw violence in the streets and called it “Trump’s America”, I saw violence in the streets of Democrat-run cities who refused Trump’s help and who called the violence “Liberal America.”
You wanted someone more “Presidential”, I’m happy we had someone who finally didn’t just talk the talk but actually walked the walk. You and I? We see things very differently.
GOD BLESS AMERICA! ❤️🇺🇸
Communism is upon us. Patriots, stay tuned. It’s time for the GREAT AWAKENING’!
(Friday Market Close) You could argue that the market spooked itself this week.
Now it wasn’t as if there weren’t external reasons for the downturn. Between worries about slow vaccine rollout, weak European economic data, the appearance of the South African variant of the virus here, and a few disappointing earnings reports, it’s easy to find a fundamental story to blame.
Still, it feels like the selloff, which accelerated Friday as the S&P 500 Index (SPX) fell nearly 2%, was more of a reaction to internal market developments. Anyone who’s paid attention knows about all the focus on short squeezesthat brought fame (and some fortune) to stocks like GameStop (GME) and AMC Entertainment (AMC). There’ve been disruptions all over the world, and now the stock market is feeling some disruption and a change of tone. The short squeezes certainly had a lot to do with it. The way people interact with the market is a little different than in the past.
There’s also a sense that things in general had come too far, too fast, sending values too high and leading to calls for a little consolidation. Basically, the four main stock indices had rolled along full steam ahead with hardly a break since early November, and that made some people nervous, especially about valuations. The short squeezes seemed to reinforce some investors’ beliefs that it was time for a little profit taking.
It’s a storm of a lot of things coming together that’s leading to a disruption in the market overall. These kinds of disruptions occur every 10 or 12 years and the market has always survived them. People are reassessing their portfolios. Not just individuals, but funds, too. There’s a reassessment of value everywhere.
Some of the major stocks leading the downward charge Friday included all the “FAANGs” along with Microsoft (MSFT). Apple(AAPL)—which often has an outsized impact on the overall market due to its huge valuation—is down 8.5% since reaching an all-time high early this week. That’s despite a stellar earnings report. That’s the kind of thing that makes you wonder if we’re seeing some good old-fashioned profit taking.
From a sector standpoint, it looks like a few of the ones that had been doing best on the recent rally have fallen the hardest, including Energy, Info Tech, and Financials. The so-called “defensive” sectors, including Utilities and Health Care, did best on Friday.
Bumpy Ride Not Out of the Ordinary
It never feels good to lose money in the market, but it should feel familiar. Major indices generally experience several 5% drops each year and usually at least one 10% decline. The SPX hadn’t had any sort of serious backtracking since September when it fell around 9.6% from its highs. Then it went on a tear, chalking up gains of nearly 18% from the end of October up to its all-time highs earlier this month.
Gains were even heavier for the small-cap Russell 2000 Index (RUT), which entered this week trading at about 1.37 times its 200-day moving average, the highest it’s been relative to the 200-day since at least 2000. Hopes for further fiscal stimulus, the Fed’s dovish monetary policy (which it again promised this week to keep that way for the long term), and vaccine progress all helped electrify Wall Street between November and January.
Now it feels like maybe things got a little ahead of themselves, considering all the challenges we still face. Europe is running low on vaccines. The U.S. rollout has been slower than expected. The Johnson & Johnson (JNJ) vaccine data today looked OK, but not amazing, and none of the vaccines seem to be as effective against this South African variant that has medical experts sounding nervous. Gross domestic product (GDP) growth in Q4 wasn’t quite as good as some people had hoped and moderated from the breakneck pace of Q3.
Combine all that with earnings from Facebook (FB) and Tesla (TSLA) that didn’t blow anyone out of the water, cruise lines once again pushing back their schedules, a bond market that showed new life, rising volatility, and an SPX valuation at historic highs, and it would have been kind of weird not to have some weakness in stocks.
Key Levels to Watch Include 30,000 in $DJI and 3700 in SPX
Despite this disappointing end to the week, try to keep things in perspective. The SPX is still up 13.5% in the last three months, and remains around 3.5% below this month’s all-time highs. If a market correction is defined as a 10% decline from the high, we’re not even halfway there yet. That might feel reassuring in one sense, but it should also mean caution. There could be more weakness ahead if this downturn is going to become a correction, which can’t be ruled out.
The argument against that is there just hasn’t been a lot of interest among investors to really push the market down over the last few months. Every time the SPX dropped to its 20-day moving average since Nov. 1, it met new buyers in what became called a “buy the dip” trade.
This week the SPX actually did fall below the 20-day and then tested the 50-day moving average, which was 3715 heading into Friday (see chart below). The question heading into next week is whether any technical support in that area holds, or if selling picks up. Longer-term technical support is in a range between 3633 and 3695, according to research firm CFRA. This is where the “buy the dip” crowd meets a test: Will they still want to buy the dip after the main crunch of earnings season ends and the world continues to stumble trying to fight the pandemic?
The two big numbers to watch could be 30,000 in the Dow Jones Industrial Average ($DJI) and 3700 in the SPX. The two indices flirted with those levels late Friday, and the $DJI ultimately closed just below 30,000. If it hops back above there Monday and manages to hold on, that would probably be seen as a technical victory that could promise a little recovery ahead.
It’s kind of interesting that all this happened at a time when you could point to some actual positive developments in the background. Microsoft (MSFT) and Apple (AAPL) both reported earnings that are about as solid as it gets and next week brings Alphabet (GOOGL)and Amazon (AMZN). Other big names penciled into the earnings lineup next week include PayPal (PYPL), Alibaba (BABA), UPS(UPS), and Peloton (PTON). We’ll talk more about those reports and what to look for in them on Monday morning.
As these companies report, stimulus traction appears to be growing on Capitol Hill. Media coverage this week suggested Democrats might try to speed the $1.9 trillion legislation through Congress through reconciliation, which wouldn’t necessarily require Republican votes. Whatever you might think of the legislation itself, stimulus generally appears to have helped the stock market over the last few months. Next week we’ll see if it elbows its way back into the headlines in a big way, which has potential to be a helpful force for the market.
Volatility Explosion Could Keep Investors Cautious
What’s not helpful is the way volatility just exploded this week. On one day, the Cboe Volatility Index (VIX) skyrocketed to 37 from below 22. This isn’t something you often see, and overall the VIX had its biggest upside week since June.
Historically, VIX—sometimes called the market’s “fear index”—trades in ranges over periods of time. It spent a lot of time last fall between 25 and 30, and then early this year between 20 and 25. Now it’s back above 30, and that could indicate more concern about possible choppiness and deeper losses straight ahead. One interesting thing now vs. a week ago, however, is that VIX futures have gone from contango (where outer months are higher than the current level) to backwardation, where the current level outweighs future prices.
It was also positive to see the major indices bounce off of their lows late in Friday’s session, which could have positive ramifications as the new week starts. The SPX at one point on Friday dipped just below 3700, but didn’t seem to find much selling interest down there. One hallmark of last year’s steep selloff was failure to find buyers late on Fridays who were comfortable holding long positions into the weekend. This sometimes caused late-week selloffs to gain steam. That didn’t appear to be the case Friday, which isn’t a bad thing if you’re hoping for better times ahead.
Earnings, stimulus, and vaccination progress all remain key areas to watch as the new week begins. Also, consider closely checking futures market action Sunday night for possible clues about how Monday could open.
Despite Headlines, Vaccine Progress Appears Confirmed this Week
One more thing: JNJ’s vaccine data today took some of the blame for the market weakness, but most analysts didn’t think the data was actually all that disappointing. As they said, it appears to be more effective than the flu vaccine we all get each fall, and it also seemed effective in preventing severe COVID-19 cases.
The data showed it wasn’t as effective as thePfizer (PFE)/BioNTech (BNTX) and Moderna(MRNA) vaccines already on the market, but few experts had expected that. JNJ was upbeat about the data and analysts said it’s expected to seek quick regulatory approval. Logistically, the JNJ vaccine has a bunch of advantages because it’s a single-injection product that can be stored at much higher temperatures than products made by the other companies.
There was also positive vaccine data from Novavax (NVAX) this week, and its shares jumped more than 60% on Friday. The company is considering filing for U.S. approval, news reports said. Which means in a best-case scenario, the U.S. might soon have four vaccines on the market actively fighting against this horrible pandemic. The U.S. government agreed last year to buy 100 million doses of JNJ’s vaccine.
So maybe those are some things to keep in mind if you’re feeling depressed about how this week turned out.
If you don’t believe we are being hunted down read this.
Internet Crime Complaint Center (IC3) | Iranian Cyber Actors Continue to Threaten US Election Officials
— Read on www.ic3.gov/Media/Y2021/PSA210115
Important notice above is unequivocal evidence of foreign interference in our election in violation and triggering the sanctions and powers of E.O. 13848.
Here we have MN Democrat State Rep John Thompson inciting violence, beating a woman in effigy, and threatening to burn down a suburb.
He is a DFL hero. If you are a Democrat pretending to be upset about Trump, but haven’t called for his resignation, you are a hypocrite and I am not interested in your opinion.
Animals cheering as he beats a piñata that resembles a person he disagrees with outside their home in Hugo. Walz-Ellison endorses.
Today he represents and votes on behalf of MN! Frightening! – Alley Waterbury
For those who don’t get it and love to call yourself a patriot but hide in your basement with your guns.
Now you understand why there was never any action against the Clinton’s or Obama, how they destroyed emails and evidence and phones and servers, how they spied and wiretapped, how they lied to FISA, had conversations on the tarmac, sent emails to cover their asses after key meetings, how Comey and Brennan and Clapper never were brought to any justice, how the FBI and CIA lied, how the Steele Dossier was passed along, how phones got factory reset, how leak after leak to an accomplice media went unchecked, why George Soros is always in the shadows, why Romney and Paul and Bush and McCain were all involved, why they screamed Russia and pushed a sham impeachment, why no one ever goes to jail, why no one is ever charged, why nothing ever happens. Why there was no wrongdoing in the FISA warrants, why the Durham report was delayed. Why Hunter will walk guilt free.
Why the FBI sat on the laptop. Why the Biden’s connection to China was overlooked as was unleashed the perfect weapon, a virus that could be weaponized politically to bring down the greatest ever economy and usher in unverifiable mail in voting.
Why the media is 24/7 propaganda and lies, why up is down and down is up, right is wrong and wrong is right.
Why social media silences the First Amendment and speaks over the President of the United States.
This has been the plan by the Deep State all along. They didn’t expect Trump to win in 2016. He messed up their plans. Delayed it a little. They weren’t about to let it happen again.
Covid was weaponized, Governors helped shut down their states, the media helped shame and kill the economy, and the super lucky unverifiable mail in ballots were just the trick to make sure the career politician allegedly with hands in Chinese payrolls that couldn’t finish a sentence or collect a crowd, miraculously became the most popular vote recipient of all time.
You have just witnessed a coup, the overthrow of the US free election system, the end of our constitutional republic, and the merge of capitalism into the slide toward socialism. What will happen next?
Expect the borders to open up. Increased immigration. Expect agencies like CBP and INS and Homeland Security to be muzzled or even deleted.
Law enforcement will see continued defunding. The electoral college will be gone. History erased. Two Supreme Court Justices might be removed. The Supreme Court will be packed.
Your 2nd Amendment will be attacked. If you have a manufacturing job or oil industry job, get ready. If you run a business, brace for impact. Maybe you’ll be on the hook for slavery reparations, or have your suburbs turned into Section 8 housing.
Your taxes are gonna go up, and businesses will pay more. I could go on and on. There is no real recovery from this. The elections from here on will be decided by New York City, Chicago, and California. The Republic will be dead.
Mob rule and appeasement will run rampant. The candidate who offers the most from the Treasury will get the most votes. But the votes voted won’t matter, just the ones received and counted. That precedent has been set.
“Benjamin Franklin was walking out of Independence Hall after the Constitutional Convention in 1787, when someone shouted out, ‘Doctor, what have we got? A republic or a monarchy?’”
Franklin responded, “A republic, if you can keep it.”
Ladies and gentlemen, you will now lose your Republic. You turned from God. You turned from family. You turned from country. You embraced degeneracy culture. You celebrated and looked to fools. You worshiped yourselves selfishly as you took for granted what men died to give you. You disregarded history and all it teaches. On your watch, America just died. It’s likely she’ll never be the same again.
Some of you have no idea what you’ve done. Sadly, some of you did. God have mercy on you the soulless!
When is enough, enough?
Our economy is destroyed and 600.00 isn’t going to fix 9 months without work. Liberals are constantly confronting people over not wearing a mask that if works and they are wearing one, AND THEY BELIEVE IT WORKS, why do they have a need to confront people?
This week we have four well known restaurant owners who are desperately trying to survive. Micky’s Diner, then others in Lakeville, East Grand Forks, and in Albert Lea. I use these only as an example as countless others are desperate also.
Do we have gun hating liberals confronting and intending to kill people in LA Fitness, Maplewood? Is this the future we want?
We have citizens who have come to an end with the lies on COVID-19. Yes, we understand it is dangerous and yes, precautions must be made however, Wisconsin Bars and Restaurants are filled with those loving liberals giving the fuzzy eyeball to people for not wearing masks when they themselves, support the lockdown, for others.
More of the ‘rules for thee but not, for me’ as we see more and more liberal’s leaving the state for vacations and a nice meal or a drink.
We have desperate people protesting outside of liberal legislators homes like Carlos Mariani who was, correct me if I’m wrong, supporting the BLM and ANTIFA peaceful gasoline and match filled protests.
Everyone needs to know just how close this state is to an armed rebellion as evidenced by the lunatic in the LA fitness, and potentially those close to losing EVERYTHING over a power hungry Governor and liberal legislators desperately seeking socialism using the AG as a weapon.
Do not take what I am saying lightly. Ask your constituents how close they are to losing everything. Think, if all members of the House, Senate, Governor, AG and all those in the entire state employ are to join with us in ZERO income, loss of credit rating, evection, life’s dreams, maybe a collective misery like this level of socialism will appease everyone. NOT!
The death count is in question as ~30% of all deaths recorded as COVID-19 wasn’t stated as the cause of death. Many of the others, were already dying and would be soon. Our suicide rates, violence in the homes, divorce, bankruptcy, depression, desperation has and is rapidly increasing.
The method of spread is already proven to occur in Small Business and certainly not any big box store. NOT!
We know that the Indian Casinos bars and restaurants are COVID-19 FREE! NOT!
Governor Walz is now going to relax the restrictions slightly.
This is not going to work. It is going to add fuel to a growing movement that ALL government has failed the people and needs to be replaced. We all know how this will be done if something isn’t done NOW.
I reach out to you today to publicly demand the unrestricted reopening of all businesses. Those who are in fear, sick or at risk, stay home. Those who wish to wear a mask, do so. We were a free country at one time. That is an obvious delusion everyone is now realizing. I beg of you to restore the constitution and fight this socialist state we currently have.
Thank you for your time,