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In The News for Thursday, May 30, 2019
Posted May 29 2019 8:49PM

·        Imagine you are the worst market timer ever. How might you have fared with your investments in the stock market. I saved an interesting article from CNBC’s web site about four years ago. It is the story of “Bob”, the world’s worst market timer. Bob made his initial investment in 1973 right before a 48% drop in the S&P 500. He held on and finally had the nerve to invest again in September 1987, right in front of a 34% crash. Still, he held on and made two more investments before he retired. One right before the 2000 crash and then again right before the 2007 crash. I sure don’t want to be standing next to Bob during a lightning storm. How did Bob do after 42 years of such stellar market timing? Well, he invested $184,000 all told, and when he retired his portfolio was worth $1.16 million. You might pull this out and read it every time you think you’re smart enough to time the market.

·        I thought Mueller’s press conference was bizarre, but I won’t go into my thoughts on it. Rather, here is what two very bright conservatives who write for PowerLine had to say. Robert Hinderaker and Scott Johnson.  

·        The Fresno Grizzlies, AAA affiliate of the Washington Nationals, showed this Ronald Reagan Memorial Day video and later apologized. For the reason why, go to the 3-minute mark on the video where it shows the “enemies of freedom”. LOL

·        So Chinese television is using the Daily Show as anti-American propaganda. The unfortunate aspect of it is that Trevor Noah is right about their lead in 5G technology.

·        Things are bad in Venezuela. How bad? The simple economics of being a successful mugger just aren’t working. Their expenses are higher than their income. It’s so bad that criminals can’t afford to buy bullets. It turns out that, at $1 per bullet, a 15-round clip of bullets costs more than the criminal is likely to be able to steal. This according to “Dog” the mugger. “El Negrito,” an associate of Dog’s, has found it increasingly hard to support his wife and daughter. “Firing a bullet is a luxury now,” he said. He is considering trying his luck abroad.

·        CBS has the clammydamps over the fact that U.S. troops attending a Memorial Day address by President Trump in Japan may have violated DOD rules. And as we all know “rules are rules.” Get over it. Navy spokesman Samuel Boyle told CBS that “Navy leadership is currently reviewing this instance to ensure that the wearing of the patch does not violate DoD policy or regulations.”  The patches in question, worn by crewmen of the USS Wasp, had an image of the President surrounded by “Make Aircrew Great Again.” If the Navy has any sense, they’ll drop this one before they generate some bad publicity. Navy brass has a lot more to worry about.

·        Robocalls are out of control! We need some serious enforcement of the “do not call” list and onerous financial penalties including jail time for violators.

·        Never been a fan of this guy. Women have been coming out of the woodwork over the last two weeks and now Tony Robbins has been dropped from his role as chief of investor psychology and removed from the advisory board at Creative Planning, a $38 billion registered investment adviser.

·        A sad commentary on the state of history instruction in our educational system. These are incoming college freshmen being asked questions that I expect every one of you know the answer to. It’s sad that these young men and women graduated from high school with such a gap in their knowledge of history.

·        Interesting article in the UK Times postulating that testosterone levels may have something to do with a man’s political bias. A study has found that weaker men tend to be in favor of redistributive taxation. I suspect it’s been that way since we were hunter gatherers.

·        As Stephen Green says, Trump Derangement Syndrome makes Bush Derangement Syndrome look like a mild head cold. Hollywood is apoplectic! Who knew this would be so much fun to watch?

·        This may be the first presidential election where the party challenging the incumbent has only one plank on their platform. Hating Trump Is The Only Unity Democrats Can Find.  

·        Making stupid decisions always has unintended consequences. One is that biological females are gradually being replaced on the winner’s dais. The NCAA has a Transgender Handbook. I’m not making this up. Here’s a particularly ridiculous passage from it.

According the NCAA’s Transgender Handbook, “According to medical experts on this issue, the assumption that a transgender woman competing on a women’s team would have a competitive advantage outside the range of performance and competitive advantage or disadvantage that already exists among female athletes is not supported by evidence.”

·        I didn’t watch this live, but I did pull up the video clip and watch. It is the 2019 National Memorial Day Concert. It’s an hour and a half long. If you don’t want to watch the whole thing, I recommend you go to the 13:20 mark and watch the segment on D-Day and then at the 18-minute Sam Elliot’s recitation of a memoir that Sgt Ray Lambert wrote. It is powerful. Also, the Vietnam story at minute 31.

·        Bernie’s supporters aren’t happy. A NBC poll shows that Sanders voters are ‘Low Information’ and they don’t like the insult.