Reveille Reconnaissance Blog
This blog is for the benefit of both subscribers and non-subscribers and is public to assist...
To subscribe to the Reveille Letter, click here
· A long piece, but one
which should be read in its entirety, on the Tsunami
of Hate that we are dealing with and just how bad it is.
·
Special
Gamestop Edition of The Week in Pictures. Billy Ray Valentine and Louis Winthrope III. LOL. Looking
good, Billy Ray. Feeling good, Louis. Wall Street Bets, the subreddit message
board that got all this started now has over 1 billion members. That’s a lot of
potential buying power and they seem determined to bring those still short to
their knees. Ultimately, supply and demand determine stock prices, so we’ll see
what the eventual denouement is. I’d be lying if I said this isn’t one of the
most fascinating things I’ve seen in my long career. We’ve all watched over the
years as hedge funds put on shorts and then use CNBC and other financial media
to tout their case. It’s hard to have sympathy for them when they are hoist by
their own petard. The “smart money” is not looking that smart right now. As
Chamath Palihptitiya said, WallStreetBets is now the largest hedge fund in the
world, except it’s completely decentralized and entirely democratic.
·
Keith
Gill, the day trader who started the whole thing gives his first interview to the WSJ. And here is a post
from four months ago on WallStreetBets
that proved prescient.
· What could be next? Silver? Silver ETF (SLV) had huge upside volume on Thursday and Friday.
Very bullish chart. $30 is key breakout. After that, no resistance. Start
digging out those old silver dollars and silver Kennedy half dollars. The 1964’s
were 90% silver with a silver weight of 0.36169.
· And Saturday’s Week in Pictures: Reddit
Hood Edition. Some real keepers. I particularly like Gov. Cuomo
being named Florida’s Realtor of the Year.
·
42
Executive Orders in one week, more than his five
predecessors combined. Many of them are patently illegal. The Executive Branch
doesn’t have the power to change enacted law. Hopefully more states like Texas
will take them to court. Destroying our country’s national security in his
attempt to erase any vestige of Trump’s influence.
· What happens when journalists venture outside the beltway. Politico
reporter Tara Palmeri found out that
“people don’t want to hear anything against Trump.” Imagine that. As hard as
she tried, she couldn’t find anyone in Wyoming willing to defend Liz Cheney.
She came to the conclusion that “I think the base is getting stronger,
truly. I think an impeachment would make him even more powerful – a conviction,
is what I mean.”
·
Joe
Biden’s looming disaster. He’s like the dog
that caught the car and is about to be roadkill.
The only message in his
“I’m-not-Trump” political campaign was that President
Trump made a mess of domestic and
foreign policy and that Biden would fix all of that. The deadly trap is that
Trump did very well on many key measures and Biden inevitably will do much
worse, creating a failed Biden presidency.
· Well, that was embarrassing, wasn’t it? That is assuming that
these people are capable of being embarrassed. NYS
Senator Diane Savino shrieks over violent political quote and demand action
until she learns it came from Maxine Waters. Oh well, that’s different.
· It’s time to break them up. Google
blocked ads from group opposing Democrat’s Supreme Court
packing plan.
· Biden, Inc.? Biden’s brother Frank promotes
ties to POTUS in ad for Florida law firm.
· Journalists
mobilize against free speech. Journalists is a
misuse of the word. They are a tool of those pushing us toward a society where
the ruling party controls the media and the flow of information. Those accusing
everyone else of being Nazis are themselves mimicking the behavior of Nazis and
Stalinists.
· An absolute disgrace! Clinesmith
avoids the clink.
· Too funny for words. For
my Georgia subscribers.
