To summarize today’s moribund day in the markets is to make note to the celebratory salutes inside the Pentagon right now — after President Trump announced a carte blanche $54b increase in defense spending — a 9% lift over the present budget. The ancillary result for markets has been a notable lift in defense shares — particularly those related to aviation.
Some of my favorite names include $LMT, $ATRO, $TGI and $RTN.
Overall, the Defense sector was higher by 1.4% — a pleasant respite for a sector up only 142% under Evil Obama’s last 5 years of unnecessary peace.
The basic gestalt is that drones and unnamed weapons are the way of the future. They can be controlled, absolutely, without apology. Naturally, these weapons systems pose an ‘extinction level threat’ to mankind — especially those who oppose the military-industrial power apparatus. But I’m sure by the time these systems are fully integrated, you’ll be an old man and won’t really give a shit about freedom anymore.
As for the meaningless Dow Jones streak, it’s now the longest on record — matching the one made in 1987 — the sublime year marked with rack and ruin.
Stolen from Zerohedge
As for me, it was a boring day, with mixed results. Shares of $TECK continue to head lower — while $CLR, $UEC and $URG raised my spirits. The nuclear sector is on fire today.
Stay tuned for your regularly scheduled dose of politics and world events during tonight’s iBankCoin content extravaganza.
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I’m in favor of a strong military but not sure the money is well spent. Can they do more with less?
Who knows what the condition of the military really is, currently. We had them wearing fucking high heels learning about trannies. How do we fight off the globalists without a do not fuck with us size military. Could be naive.
Spot on Ironbird!
Dumb and dumber agree. Yeah.
Do you geniuses think that maybe they could have scraped by with the current half $trillion+/year?
Or should I say: Do you think?
I sold everything today at the close and went to cash.
Kinda pissed at myself for doing so, but whatever. Miners sold off hard today. Would like to buy them if there’s a dip tomorrow am.
Loveit
To all my admirers
all I ever wanted was collapse
all I want is collapse
you are now almost tied with 1929.
http://www.multpl.com/shiller-pe/
We all love you showtime. It can just be a little tricky at times trying to comprehend what your saying.
Agreed.
He writes in an ersatz Tropicana style.
It’s like reading and ee cummings poem. It’s nonsense.
“an”
…or tied with 1997
History doesn’t always repeat itself.
Moar military from an elite cabal of Conservatives. Gee, where have we seen this script before?
Mixed message. You are hard on the head at times.
Wife is watching the news behind me and they are talking about the oscars. What kind of a person believes this garbage isn’t rigged?! How can anyone even get interested in this or upset over results? Let me get this straight, after complaining last year about it not being diverse, this year by sheer artistic ability and talent an award goes to someone boycotting from Iran, “the first Muslim”, and Moonlight (which I don’t doubt is probably a good film vs La La Land, which is probably a self-praising steaming pile of excrement unless you’re tripping balls) – among other awards I’m sure went to a very calculated and diverse set of people.
What a joke. Fake news, fake awards, fake everywhere… extra Holden Caulfield.
You’re complaining because you just realized that all of Hollywood is fake?
Really?