Thursday, July 30, 2020

Meet My Father. Thought Provoking Article By Hanson. Market Commentary. Israelis Remain Israel's Biggest Enemy. Day 6.


For those who never had the opportunity to meet my father.  Three pictures above. He practiced law for more than 50 years and though he had the chance to practice with his dear friend, Shep Broad, of Broad Causeway Fame in Miami Beach, he stayed in Birmingham where he felt at home.
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First Look at The Comey Rule: The TV Drama That Will Enrage Trump
The miniseries reveals everything former FBI director James Comey couldn’t say before. V.F. presents the first footage and an exclusive look at Brendan Gleeson as Trump, Jeff Daniels as Comey, and Holly Hunter as Yates.

Read in Vanity Fair: https://apple.news/AumHlSfS0QMC7XV8zNdo_rA
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How does Black Lives Matter Sting sound? https://www.youtube.com/watch?v=61do-MF8aw0
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A must read:
(THOUGHT PROVOKING) Victor Davis Hanson: Our summer of cultural suicide
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What does Antifa Want in Portland?

60 days of violence. Is there a way out?
Read More
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This from a dear relative and fellow memo reader. My aunt,  by marriage, was a court reporter and a
damn good one. Quite respected among the NY City legal profession and did well by herself.

"Bout" time for some humor at lawyer's expense:

How Do Court Reporters Keep Straight Faces?

These are from a book called Disorder in the Courts and are things people actually said in court, word for word, taken down and published by court reporters that had the torment of staying calm while the exchanges were taking place.

ATTORNEY: What was the first thing your husband said to you that morning?
WITNESS: He said, 'Where am I, Cathy?'
ATTORNEY: And why did that upset you?
WITNESS: My name is Susan!
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ATTORNEY: What gear were you in at the moment of the impact?
WITNESS: Gucci sweats and Reeboks.
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ATTORNEY: Are you sexually active?
WITNESS: No, I just lie there.
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ATTORNEY: What is your date of birth?
WITNESS: July 18th.
ATTORNEY: What year?
WITNESS: Every year.
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ATTORNEY: How old is your son, the one living with you?
WITNESS: Thirty-eight or thirty-five, I can't remember which.
ATTORNEY: How long has he lived with you?
WITNESS: Forty-five years.
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ATTORNEY: This myasthenia gravis, does it affect your memory at all?
WITNESS: Yes.
ATTORNEY: And in what ways does it affect your memory?
WITNESS: I forget..
ATTORNEY: You forget? Can you give us an example of something you forgot?
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ATTORNEY: Now doctor, isn't it true that when a person dies in his sleep, he doesn't know about it until the next morning?
WITNESS: Did you actually pass the bar exam?
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ATTORNEY: The youngest son, the 20-year-old, how old is he?
WITNESS: He's 20, much like your IQ.
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ATTORNEY: Were you present when your picture was taken?
WITNESS: Are you shitting me?
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ATTORNEY: So the date of conception (of the baby) was August 8th?
WITNESS: Yes.
ATTORNEY: And what were you doing at that time?
WITNESS: Getting laid
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ATTORNEY: She had three children , right?
WITNESS: Yes.ATTORNEY: How many were boys?
WITNESS: None.
ATTORNEY: Were there any girls?
WITNESS: Your Honor, I think I need a different attorney. Can I get a new attorney?
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ATTORNEY: How was your first marriage terminated?
WITNESS: By death..
ATTORNEY: And by whose death was it terminated?
WITNESS: Take a guess.
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ATTORNEY: Can you describe the individual?
WITNESS: He was about medium height and had a beard
ATTORNEY: Was this a male or a female?
WITNESS: Unless the Circus was in town I'm going with male.
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ATTORNEY: Is your appearance here this morning pursuant to a deposition notice which I sent to your attorney?
WITNESS: No, this is how I dress when I go to work.
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ATTORNEY: Doctor , how many of your autopsies have you performed on dead people?
WITNESS: All of them. The live ones put up too much of a fight.
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ATTORNEY: ALL your responses MUST be oral, OK? What school did you go to?
WITNESS: Oral...
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ATTORNEY: Do you recall the time that you examined the body?
WITNESS: The autopsy started around 8:30 PM
ATTORNEY: And Mr. Denton was dead at the time?
WITNESS: If not, he was by the time I finished.
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ATTORNEY: Are you qualified to give a urine sample?
WITNESS: Are you qualified to ask that question?
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And last:
ATTORNEY: Doctor, before you performed the autopsy, did you check for a pulse?
WITNESS: No.
ATTORNEY: Did you check for blood pressure?
WITNESS: No.
ATTORNEY: Did you check for breathing?
WITNESS: No..
ATTORNEY: So, then it is possible that the patient was alive when you began the autopsy?
WITNESS: No.
ATTORNEY: How can you be so sure, Doctor?
WITNESS: Because his brain was sitting on my desk in a jar.
ATTORNEY: I see, but could the patient have still been alive, nevertheless?
WITNESS: Yes, it is possible that he could have been alive and practicing law.
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Tuesday I had lunch with one of my dear friends, fellow memo reader and bright market guru. We were joined by another dear friend , fellow memo reader and savvy investor.

We talked about the recent article in the Wall Street Journal which discussed the  new crowd of day traders who are active in the market since they have time on their hands, are working at home and, as always, prove a new sucker is born every day.

My friend pointed out the dichotomy occurring between gold and technology stocks.  Gold stocks are responding to low interest rates, mounting federal debt and the  potential for future inflation.  Technology stocks reflect unbridled enthusiasm, growth and shift in market sentiment away from cyclical's and value stocks.

When investors run out he believes it is time to run in and therefore, now likes Boeing.

Second quarter earnings currently being reported probably have little meaning or impact but probably allow the base for a projected trend. I have consistently maintained a V market maybe but a W type economic recovery.

If one believes Trump is re-elected and the economy recovers next year the market and technology stocks should go higher and energy related stocks should recover somewhat. Impediments could be confrontation with China, debt explosion further weakens the dollar and The Fed does something about our nation being awash in money.

If one believes Biden wins any economic recovery could be restrained, enthusiasm and fear should heighten and the market should correct decisively. Historically, markets do well when Democrats are in power because they spend like drunkards but this time around they might be restricted by the debt load. Energy related stocks could drop further because of AOC's  stupid green policies and legislation talk. 

Uncertainty regarding China's intentions should heighten and fear of Biden's VP pick, becoming president, will hang over the market as his mental state remains a growing/continuing cloud.

One last comment.  Those working at home, and now trading actively and daily, are proof companies have less control over their worker's time spent on the job. Just a passing observation.

Global stocks sink after Fed virus warning, eyes on GDP data

Global markets and U.S. stock futures fell Thursday after the Federal Reserve warned the coronavirus pandemic might threaten the modest economic recovery and kept interest rates near zero. The drop in stocks accelerated in Europe after Germany said its economy shrank by 10% in the sec...
READ THE FULL STO
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Israel also is in turmoil over Covid and this during a period of a serious holiday. Emotional Israelis remain Israel's biggest enemy.



DAVID BRINN

Israel must step back from the brink before it’s too late – comment

Not since the days of prime minister Yitzhak Rabin’s assassination in 1995 or the withdrawal from Gaza a decade later has Israel seen such internal strife, division and vitriol.


As the nation commemorates the ninth of Av, the date that so many calamities have fallen on the Jewish people, all it takes is a look around to see that we are in the midst of another of those low points in our collective history.
Not since the days of prime minister Yitzhak Rabin’s assassination in 1995 or the withdrawal from Gaza a decade later has Israel seen such internal strife, division and vitriol.
The protests that have emerged in the last two weeks have been borne out of economic anxiety and frustration over the government’s handling of the coronavirus pandemic, out of outrage over Prime Minister Benjamin Netanyahu continuing to lead the country despite being on trial for bribery and fraud and out of fear for the future of the nation and its people.
Besides the painful sight of seeing police, also the sons of Israel, being put in a position of clashing with boundary-pushing demonstrators in a sometimes overly-aggressive manner, the protests have also unleashed an unbridled hatred between the left and right flanks of Israeli society that, while not unprecedented, is alarming. And following three elections that revealed a deep split within the country, the stormy passions being expressed on both sides of the divide raise the foreboding question of whether even a semblance of unity will ever be possible.The bubbling hatred most recently manifested itself on Tuesday night, when about a dozen men allegedly connected to the far-right Fanatics fan group of soccer team Maccabi Tel Aviv attacked protesters in Tel Aviv with pepper spray, rocks and chairs.
It was the first time in the recent rounds of protests that the antagonism between the Right and Left went beyond verbal fisticuffs to actual violence.
President Reuven Rivlin, always a voice of reason at times when the country’s political leadership seems too frozen in their partisan animosity to veer from their party stances to calm matters, called for a cooling off period as the country headed into Tisha Be’av.
“Desperate times are times when hatred flourishes. Even if we think that the hatred is not baseless, we must ensure that it does not bring us closer, even by the tiniest step, to our downfall and destruction,” he said.
 Back in more innocent times, Israelis used to say that a political assassination here was unthinkable, that a Jew would never be capable of doing that to another Jew. But as Rivlin pointed out, our recent history has shown us that we are capable of stooping to the depths in the name of ideology.
“God help our democracy if people start to kill each other,” he cautioned.
Israel is today at the brink. We can continue to let ourselves be pushed to the confrontation by both the Right and Left extremists who see no benefit or desire in moderation.
We can either start listening to each other or take up arms against each other. The choice is ours to make.
On Tisha Be’av, when we recall that baseless hatred that resulted in the destruction of the Temples in Jerusalem and the dispersal of the Jewish people into exile, it’s time to step back from that brink. Before it’s too late.
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Biden Diary - Day 6

Met With Pelosi.

Will continue to harass Trump by making him release tax returns and force him to publish his golf handicap. We know he cheats.

Feel sorry for Melania.  Would love to lick her neck.
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