Donald Trump

[Michael Stuart Kelly]

The memo situation for the Obama-Clinton folks has to be really, really bad when Julian Assange calls a presentation by Sean Hannity "beautiful."

Even with a few qualification, Julian let 'er rip with "beautiful."

Very interesting to see @SeanHannity, on memo-gate. Although the issue is almost entirely partisan and the re-authorization of mass surveillance by Congress makes both of the major parties proven hypocrites, the intense scrutiny of FISA & DoJ is beautiful. https://t.co/PCnGBUbs08

— Julian Assange ⌛ (@JulianAssange) February 3, 2018

Michael

[Jon Letendre]

15 minutes ago, Michael Stuart Kelly said:

Peter,

Here is a typical sentiment going around Trump-supporter world:

 

Michael

James Woods hits the nail on the head over and over and over.

[Michael Stuart Kelly]

As long as Julian Assange is on a roll, let 'er rip.

Here's a good example of the Democratic-security state death hug. https://t.co/VLctYnHy2Y

— Julian Assange ⌛ (@JulianAssange) February 3, 2018

Democratic-security state death hug?

LOL...  

Well, it is true that they'll probably go down shootin'. But if that's the best the deep-state Dems are going to be able to do, I'll actually feel sorry for them once all this gets to court. They are going to be eaten alive.

(I can't say that makes me sad, though.  )

Michael

[Michael Stuart Kelly]

Even The Onion is getting in on the action at the ridiculousness of it all.

FBI Warns Republican Memo Could Undermine Faith In Massive, Unaccountable Government Secret Agencies

Quote

WASHINGTON—Stressing that such an action would be highly reckless, FBI Director Christopher Wray warned Thursday that releasing the “Nunes Memo” could potentially undermine faith in the massive, unaccountable government secret agencies of the United States. “Making this memo public will almost certainly impede our ability to conduct clandestine activities operating outside any legal or judicial system on an international scale,” said Wray, noting that it was essential that mutual trust exist between the American people and the vast, mysterious cabal given free rein to use any tactics necessary to conduct surveillance on U.S. citizens or subvert religious and political groups. “If we take away the people’s faith in this shadowy monolith exempt from any consequences, all that’s left is an extensive network of rogue, unelected intelligence officers carrying out extrajudicial missions for a variety of subjective, and occasionally personal, reasons.” At press time, Wray confirmed the massive, unaccountable government secret agencies were unaware of any wrongdoing for violating constitutional rights.

And another from The Onion (sorry to appear inconsistent because it's a bit anti-Trump, but it's just plain old funny  ):

Lawyers Confirm Trump Willing To Answer All Of Sean Hannity’s Questions About Russia Collusion

 

Michael

[Michael Stuart Kelly]

13 hours ago, Michael Stuart Kelly said:

In other words, was this legally flawed FISA warrant a fluke or a habit?

Here's another random thought on the memo.

I wonder how the FISA judge feels about being made a laughing stock in front of the entire country.

They made a fool out of him (or her). Either that or he's in on it and corrupt to the gills.

And that would indicate there's more of a habit going on than a fluke.

Eventually the judge will have to appear before the public. I bet it won't be pretty.

 

Michael

[Jon Letendre]

 

 

Imperator_Rex

 

@Imperator_Rex3

 

 

BUSTED - Contreras joins Obama's 'circle of filth' Notice how Obama's true nature is slowly, but steadily, being drawn into the sunlight? What's going to emerge is Obama's hidden police state, specifically designed to target and destroy innocent American citizens 

@JacobAWohl

Rudolph Contreras was the FISA Judge who issued a warrant to spy on Carter Page because of a Yahoo News article and a Phony Dossier.

Guess who appointed Contreras to the FISA Court? Barack Hussein Obama.

 

[Peter]

The stock market is down over a thousand points which is around 4 percent and is lower than at the end of 2017. 

[Peter]

Fox: The over exuberance has been corrected as Greenspan used to warn us about. Don't sell off your 401k because you really don't lose money until you sell. Unless this is Black Monday. The largest sell off "point wise." Now down 8 percent since its high on Jan 27, 2018. 

[Michael Stuart Kelly]

Peter,

At this time last year, if I remember correctly, the Dow Jones had just cracked 20,000 and everybody was talking about what a historic thing that was. Today it ended at 24,345.75. That's still a 4,000+ point increase over a year. When did that last happen?

So I'm not going to panic on a one day market burp. Corrections against too much market speculation are a good thing.

And there's this: there's just too much money coming back into the US and too much wealth creation going on--as opposed to wealth grabbing from others.

Some people on the conspiracy side have suggested rich globalists are doing a kamikaze move with the stock market to scare folks because there is a new short-term attempt at President Trump in the works. The sequence would be (1) crash the market a bit (just enough for a public scare), (2) do a false flag attack of some sort or a lot of sudden massive protests, then (3) lower the boom on President Trump.

Let's see what plays out.

My gut tells me we are just fine.

Happy days are here despite a sniffle or two.

Michael

[Jon Letendre]

“President Trump's attorneys have already approved the idea of appointing a second special counsel to investigate the FBI and Justice Department's actions during the 2016 presidential campaign”

https://www.zerohedge.com/news/2018-02-05/trump-attorneys-approve-second-special-counsel-probe-fbi-and-doj

[Michael Stuart Kelly]

3 minutes ago, Jon Letendre said:

“President Trump's attorneys have already approved the idea of appointing a second special counsel to investigate the FBI and Justice Department's actions during the 2016 presidential campaign”

https://www.zerohedge.com/news/2018-02-05/trump-attorneys-approve-second-special-counsel-probe-fbi-and-doj

Jon,

I wonder if this had anything to do with the market drop.

(Actually, I don't wonder...   )

Michael

[Jon Letendre]

One year after Nov 2018 there likely will be no FBI, it will have been broken up and handed to various other agencies, dozens of agents in prison for life and any leftovers sent home.

[Jon Letendre]

Just now, Michael Stuart Kelly said:

Jon,

I wonder if this had anything to do with the market drop.

(Actually, I don't wonder...   )

Michael

I agree.

”Escalate. No, really, go ahead and escalate, motherfuckers. It’s time things sped up, anyway...”

Adult diaper sales going through the roof.

[Michael Stuart Kelly]

7 minutes ago, Jon Letendre said:

Adult diaper sales going through the roof.

LOL...

Here's a headline from Breitbart for Peter, who tends to get worried at these times:

White House Says It Is Concerned About Stock Market Sell Off

But here's the real White House message (read it in the article):

Quote

"We’re always concerned when the market loses any value, but we’re also confident in the economy’s fundamentals."

So today is just some turbulence on this rocket ride blasting up to the economic stratosphere.

Michael

[Michael Stuart Kelly]

5 hours ago, Michael Stuart Kelly said:

I wonder if this had anything to do with the market drop.

Actually, I wonder if this had anything to do with the market drop (from NYT):

Jerome Powell Is Sworn In as Federal Reserve Chairman

Swearing in a new Fed Chairman probably qualifies as an important market concern.

Michael

[Michael Stuart Kelly]

15 hours ago, Michael Stuart Kelly said:

Some people on the conspiracy side have suggested rich globalists are doing a kamikaze move with the stock market to scare folks because there is a new short-term attempt at President Trump in the works. The sequence would be (1) crash the market a bit (just enough for a public scare), (2) do a false flag attack of some sort or a lot of sudden massive protests, then (3) lower the boom on President Trump.

Let's see what plays out.

For instance, here's a more popular voice:

Michael Savage Thinks Stock Market Plunge is a Deep State Plot to Destroy Trump - https://t.co/e675P0gaag pic.twitter.com/YcXBuMaLX8

— Paul Joseph Watson (@PrisonPlanet) February 6, 2018

I'm almost sure there's some truth to this. Hatred is a powerful motivator and nobody hates more than a power-monger who lost power.

Michael

[MereMortal]

9 minutes ago, Michael Stuart Kelly said:

For instance, here's a more popular voice:

 

I'm almost sure there's some truth to this. Hatred is a powerful motivator and nobody hates more than a power-monger who lost power.

 

Michael

 

I know the animosity towards Trump runs deep and wide but the market had over a year to purposely drop just to destroy Trump.  Why wait so long?  This is far fetched to me.  What I think is many anti Trumpers are secretly gleeful that this may start a serious downturn and convince voters to turn against him.   I'm thinking, of course, this is a correction and that we will see the stock market rally continue.  Wait a few months... 27,000 maybe 28,000?   

[Michael Stuart Kelly]

3 hours ago, MereMortal said:

I know the animosity towards Trump runs deep and wide but the market had over a year to purposely drop just to destroy Trump.  Why wait so long?

MM,

The argument goes that they thought the other stuff would work. And it didn't.

Now even "Muh Russians" is failing and top echelon of the deep state part of the FBI is looking pretty stupid--in addition to malicious and incompetent.

I think insider Trump-haters were waiting for these geniuses to take President Trump out.

 

Michael

 

[Michael Stuart Kelly]

There's another theory going around that investors are antsy right now because investors like stability.

With all these political exposures of deep corruption, nobody knows where this is going to end. That's the reality. I, personally, have my druthers and I have my beliefs based on everything I have studied up to now (with some deep-staters gaining a new residence courtesy of the prison system), but in reality, this is a volatile situation. All it takes is just one assassination...

And to add gasoline to this fire, it looks like some of the information in the discredited Steele dossier (which was used to get the FISA warrant for the FBI to essentially spy on Trump) was supplied directly to Steele from Clinton people. In other words, if true, the Clinton folks paid Steele to compile a dossier against Trump, but supplied him with 

See here (from Fox):

Clinton associates fed information to Trump dossier author Steele, memo says

If this turns out to be true, and it's looking really ugly at the moment, this will not only implicate Clinton, it will probably implicate Obama. God knows who participated in all this, but from the way the FBI is redacting stuff (even redacting the headlines of newspaper articles in memos), someone at the FBI is awfully worried.

And if it is proven President Obama participated in a crime, and that speculation is out there at the fringe of the mainstream already, all hell will break loose.

So investors are antsy.

It's a theory, but I bet there is some of this kind of thinking going on at the Stock Market Casino. Nobody wants a police raid and a shootout at the casino right after they plunked down some serious coin at the roulette table.

All other economic indicators seem to indicate an extremely healthy economy, though. Just to DOW casino numbers are wobbling a bit.

Michael

[Michael Stuart Kelly]

This is just to make the last post a little clearer on what the second Steele memo is:

Sidney Blumenthal raises his ugly spirit once again like odor emanating from rot. 

He's not the real problem, though. It's what's behind all this that's (probably) giving former President Obama a headache.

Michael

[MereMortal]

For those who need a sigh of relief: DOW UP 567  NASDAQ UP 148  S&P UP 46

Bull market resuming?  Stay tuned.   

[Michael Stuart Kelly]

I just read the transcript of a Rush Limbaugh segment from today and he essentially suspects the things I mentioned for the market dive (and rebound):

An Explanation for Market Volatility You’ll Hear No Place Else

Well, there is one thing I had not noticed. Apparently the market plunge was being blamed on President Trump by some boneheads who said the cause was all the jobs being created from his programs. That everybody making more money is causing inflation.

Seriously, if I wrote a comedy (and I'm working on some ideas), I would never make up someone stupid enough to say that. I would be afraid the public would find it so unreal they wouldn't get into my character enough for him (or her) to tickle their funnybone with antics.

Anyway, from the transcript:

Quote

Not everybody in the market is a Democrat.  Not everybody in the market is an uber-liberal.  There are a lot of people in the market who I think are very, very alarmed by the instability brought about by this attempt to get rid of Donald Trump.  Now, you’ll never see that excuse published.  You’ll never see that reason given as an explanation for market volatility, but as far as I’m concerned, you can’t take that out of the equation here.  So there are a lot of factors that go into this. 

. . .

Ever since Dick Gephardt made his comment about “winners of life’s lottery,” I made the observation that what’s good for America is bad for the Democrats, and what’s bad for America is good for the Democrats. It was 20-25 years ago, and that is being born out today as we watch the Democrats and the media react to bad economic news. They’re ecstatic and happy about it. 

. . .

The Drive-By Media is doing everything it can to blame your wage increase and your bonuses and all these new jobs for whatever is happening in the stock market.  It is a lie.  It isn’t true. But they want you to believe it so that you will think your life improving causes problems like this.  Do not — I beseech you — fall for it.

. . .

I don’t believe in coincidences, and especially today. There are a lot of experts trying to tell us why the market went south yesterday. But in truth, there isn’t anybody who really knows, except and unless it was manufactured. Now, before anybody goes off here half-cocked, the question, “Rush, is it possible for somebody to engineer a collapse in the market like that?”

I don’t know. But I know people who think they know. I have been getting emails all night and all morning from people who make their living one way or another in the market. And they are all suspicious.

Michael

 

[william.scherk]

7 hours ago, Michael Stuart Kelly said:

It's a theory, but I bet there is some of this kind of thinking going on at the Stock Market Casino. Nobody wants a police raid and a shootout at the casino right after they plunked down some serious coin at the roulette table.

[Michael Stuart Kelly]

William,

I don't understand your post.

Is this your meaning? Too much investing in index funds is what caused the stock market to tank yesterday?

Since you quoted me, is that what you think Icahn is saying?

(I admit I might be wrong about the meaning, which is why I am asking.)

That doesn't make any sense to me operationally. And it doesn't make sense to me that this is what Icahn means (btw - he's a very smart cookie). I understand him to say people are investing in index funds without paying any attention to what they are investing in. They automatically think this is a safe bet because they assume the index funds people know what they are doing and that assures them they don't need to think--they just need to put money on the table and take it off. In other words, he thinks they are treating the market like a casino and basically said so. (He doesn't, and I attribute his success to that.)

It's kinda like that scene in Atlas Shrugged where everybody was investing in stocks that Francisco D'Anconia was investing in without any further thought. Despite lots of evidence to the contrary, they assumed D'Anconia wanted to make money from the capitals market. Then they all lost their shirts.

Michael

[Peter]

(Even Tracinski admitted that in his first year) President Trump is doing a lot of good things from a libertarian point of view BUT he is going to add to the deficit and is doing nothing to lower it, other than “hoping” tax revenues increase to cover the deficit. He promised to not touch Social Security and he aided in the “eventual death” of Obamacare. But when is the death of socialized medicine going to occur? Well, let’s wait the Republicans say, until the younger people are set to collect SS and Medicare and then yank the rug out gradually. That won’t win future elections as the oldsters stop voting. Fix our infrastructure and build a wall even if that costs a trillion bucks. The heck with the debt. Who likes bumpy roads or bridges that collapse?   

I heard Pelosi say that “dreamers” should be allowed to vote and of course everyone knows she means they should vote for her and the democrats. She is more concerned about the rights of aliens than the rights of Americans. That leaves the clear thinkers with President Trump and perhaps Mike Pence after that. The market is up a little and it’s Friday.