Friday, October 4, 2019

Market Commentary.



This is a video that is 2 hours long, but if you want to know what really happened in the 2016 election and the interference  in our election, Beck explains it all -- and he has the documents and videos to back it up.  As the Mueller Report found there was no collusion by the Trump campaign with Russia to hurt the Hillary campaign -- but there was collusion by the Democrats with Ukraine to hurt the Trump campaign.  You won't see any of this in the MSMedia, but I suspect when the Barr/Durham report finally comes out much of this will be in it.  Joe Biden is just a small part of a much bigger story.

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The market continues to be, at this time, confused.

Negatives:

First, what will happen should negotiations with China fail to move forward and not reach a reasonable settlement?.

Second, the economic picture in Europe is poor and beginning to impact our own economy.

Third, no doubt the slowdown in our economy allows the mass media to run scare stories about an impending recession because they want to do their best to cause a recession through negative psychologically in order to help their Democrat friends

Fourth, valuations are not egregiously high but should earnings slow this could become a matter of concern. Value stocks have returned and are somewhat in vogue and that is an indication we are closer to the end of this amazing market than the beginning.

Fifth, were Democrats to unseat Trump, I believe the market would sink badly if not collapse entirely.

Six, obviously the impeachment of Trump is causing deep consternation and is divisive

Positives:

First, There are two trade deals which could  be passed and  stimulative both physically as well as psychologically - one between ourselves, Canada and Mexico and the other, obviously with China.  The third with Europe would also be stimulative.

Second, we are likely to have a decent Christmas which should clear inventories and that would result in re-ordering and potentially a decent first quarter.

Third, Trump's prospects, for re-election,  could improve and that would be more bullish than election of any current Democrat candidates who, except for one, border on the brink of insanity.

Fourth, recovery in Europe and China also would be stimulative.

Fifth, another cut in interest rates might be discounted but could have some positive benefit.

For all of these reasons and others it  is understandable why one should  be wary.
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Schiff head needs to go but Pelosi dare not fire him. (See 1 below.)

Other interesting  op eds:

Andrew Sullivan, New York Magazine
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Just returned from Jewish Holiday Celebration in Maitland, Florida. The Synagogue had more security personnel than worshipers - a bit of an overstatement but sad indeed.
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Dick
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1)  Schiff Collusion with Whistleblower the Last Straw

Perhaps House Intelligence Committee chairman Rep. Adam Schiff (D-Calif.), would like to produce a transcript of his secret meeting with Fusion GPS founder Glenn Simpson at the Aspen Security Forum in July 2018.  Or maybe someone like ranking member Devin Nunes (R-Calif.) can make up a "parody" and read it into the record, as Schiff did with President Trump's call with Ukrainian president Volodymyr Zelensky, both of whom publicly denied any collusion, pressure, or quid pro quo.


Liar and leaker Schiff had a transcript of the call and still made up his fable rivaling his fairy tale about having mounds of available evidence for everyone to see abut Trump's mythical collusion with Russia.  We don't have a transcript of Schiff's meeting with Simpson, so we should be even freer to make stuff up about what each said, what each meant and heard, and what quid was promised for which quo.
Like Schiff's Russian collusion delusion, Ukrainegate, to coin a phrase, is a made up scandal involving a questionable document with unverifiable or incorrect statements and allegations, chock-full of made up stuff and hearsay.  Like the Steele dossier produced through Fusion GPS, the Ukraine "whistleblower's" letter to the inspector general is largely unverifiable hearsay or outright fiction.  Written by a CIA mole assigned to the White House who was not in the room or on the call, it is designed for one purpose: to bring down a sitting and duly elected president.
 Now we find that Adam Schiff and committee staff had a copy of the letters before it was submitted to the I.G.  On Wednesday, the New York Times published a report that Schiff "learned about the outlines of a C.I.A. officer's concerns that President Trump had abused his power days before the officer filed a whistle-blower complaint."  As the New York Times related:
The early account by the future whistle-blower shows how determined he was to make known his allegations that Mr. Trump asked Ukraine's government to interfere on his behalf in the 2020 election.  It also explains how Mr. Schiff knew to press for the complaint when the Trump administration initially blocked lawmakers from seeing it. ... 
Before going to Congress, the C.I.A. officer had a colleague convey his accusations to the agency's top lawyer.  Concerned about how that avenue for airing his allegations was unfolding, the officer then approached a House Intelligence Committee aide, alerting him to the accusation against Mr. Trump.  In both cases, the original accusation was vague.
The House staff member, following the committee's procedures, suggested the officer find a lawyer to advise him and file a whistle-blower complaint.  The aide shared some of what the officer conveyed to Mr. Schiff.
Schiff and his staff claim they had no hand in writing or editing the letter and did not coach the so-called whistleblower, even though his letter reads more like a legal brief written by a committee of lawyers.  Schiff, with  his track record, is not to be believed.
Take Schiff's meeting with Simpson, an exercise in hypocrisy if nothing else.  Schiff, it may be remembered, accused House Intelligence Committee chair Devin Nunes of conspiracy with President Trump.  Conspiracies against President Trump and conspiring with Deep-State players are okay in Schiff's alternate universe.  As Chuck Ross writes in the Daily Caller:
The Schiff-Simpson meeting has come under scrutiny because of Simpson's role in pushing the unverified Trump-Russia collusion conspiracy theory.  Simpson has also been accused by some Republican lawmakers of lying to the House Intelligence Committee about his interactions with government officials while working on the dossier.
During testimony to the House panel on Nov. 14, 2017, Simpson withheld that he met with Justice Department official Bruce Ohr prior to the November 2016 election.  Simpson said that he met Ohr only after the election.  But Ohr told Congress on Aug. 28, 2018 that he and Simpson met on Aug. 22, 2016 at Simpson's request.  They met again on Dec. 10, 2016.
Ohr's wife worked as a contractor for Fusion during the 2016 campaign.  And after the election, Ohr served as the back channel between the FBI and Christopher Steele, the former British spy who worked for Fusion GPS on the dossier project.
During the same testimony in which Simpson has been accused of lying, Schiff sought investigative leads from the Fusion GPS founder.
Schiff,  who once called the rooftop heroes of Benghazi liars, is at it again.  He is not uncovering corruption; he is part of it.  His is the corruption that needs to be exposed, and his Intelligence Committee is part of the swamp that needs to be drained.
Count Schiff among the many leakers who have released classified information and testimony designed to damage and slander the Trump administration.  During the testimony of Donald Trump, Jr. before the House Intelligence Committee, Rep. Schiff repeatedly left the room.  Coincidentally, of course, leaked information from that testimony began appearing in anti-Trump media even before the testimony concluded:
Donald Trump Jr. and his lawyer formally requested an investigation Tuesday into leaks from the House Intelligence Committee that followed Trump's participation in a closed-door interview with committee members and staffers last week.
"The public release of confidential non-public information by Committee members continued unabated" for 24 hours after Trump's supposedly confidential interview last week, Trump's lawyer, Alan Futerfas, wrote in a letter delivered Tuesday afternoon.
The four-page letter, addressed to Rep. K. Michael Conaway (R-Tex.), the panel chairman overseeing the Russia investigation, complains about public comments made by three members of the panel, all Democrats, including the highest-ranking minority member of the panel, Rep. Adam B. Schiff (D-Calif.).  The letter says that members and staffers began "selectively leaking information" even before the closed-door meeting ended.
Schiff sent a House intel staffer on a trip to Ukraine during August 24–31, just 12 days after receiving the whistleblower complaint.  To do what?  To dig up what?  It is reported the staffer met with the previous president of Ukraine, a friend of President Obama's.
As reported by Gateway Pundit, Adam Schiff has strong ties to a prominent Ukrainian arms-dealer, Igor Pasternak, who has organized fundraisers for Schiff:
In 2013 Ukrainian Igor Pasternak held two different fund raisers for Schiff asking for contributions between $1,000 and $2,500[.] ... Pasternak was reportedly in and around the Ukraine at the same time that Vice President Joe Biden had his son appointed to the Board of the Ukraine's largest oil and gas producer[.]
Let's investigate collusion with Ukraine to affect U.S. elections, Rep. Schiff.  Yours.
Schiff has defended Hillary Clinton and lied about her involvement in Uranium One and giving Russia 20 percent of our uranium reserves.  Talk about collusion with Russia!
Adam Schiff is a political hack, a swamp creature slithering past the truth while saying the American people can't handle the truth.  What they can't handle is swamp things like Adam Schiff.  It is he who should be impeached and removed from office
Daniel John Sobieski is a former editorial writer for Investor's Business Daily and freelance writer whose pieces have appeared in Human Events, Reason Magazine, and the Chicago Sun-Times among other publications
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