Personal
Today I found out that I have to have about $10,000 worth of plumbing work done, and that they shut down major league baseball.
You know that you have lived your life well if the second half of that sentence upsets you more than the first half.
(By the way, I do not need plumbing advice. Everybody wants to tell me they know a plumber. I only use union plumbers and electricians. I figured the only good part is that I am helping a union guy provide food for his family, but now I’m sending his kid to college.)
Shows you aren’t a thuglican or lieatarian because you are willing to get work done now instead of trying to make it work until next flood, natural disaster and then try to sneak the cost into a FEMA application for disaster relief.
1Now that is the thuglican way.
$10,000.00???? for a toilet? Jesus….. You are living in the wrong part of Texas. Around here where I live, in Lee County,
2you can get a privy installed for about $75.00. Add a couple of windows (the kind that are really so old they have color in them.) And you’re ready to go. Hell, for another $25 most guys will make it a two-holer…..
Well, people a half mile from me, on the Kansas City, Missouri side of state line, are bereft about MLB going into hibernation.
But my neighbors on the Kansas side, most of whom proudly fly Jayhawk flags on their houses and cars, are alternately homicidal and suicidal that the NCAA tournament was cancelled.
I am just glad that our big dog shows last weekend were unaffected. Our timing was good.
3The only poem I could find both political and sort of plumbing:
You said the swamp would be drained,
Were elected, and that day it rained
And the sharks who were waiting
Began masturbating
And the gators were well entertained.
Garrison Keillor
Good luck!
4But there’s just so damned much “Trumpinning” going on. It’s mighty effing bad when even GOLD is getting hammered…
Anybody with any equity assets is getting ‘Trumped’ like a drum, wait until the [across most industries] layoffs begin.
[mind you, this is just the latest ‘down day’, not a ‘dead cat bounce’ in sight either]
MORN U.S. 6,130.16 652.77 −9.62%
MORN Sm Cap 7,047.66 872.74 −11.02%
DJIA 21,200.62 2352.60 −9.99%
[A few days ago I predicted unheard of both 2K Dow drops, and a likely 15,000 DJIA bottom, I’m revising that lower. How much? Ahora no se, quien no sabe.]
S&P 500 2,480.64 260.74 −9.51%
NASDAQ 7,201.80 750.25 −9.43%
Nikkei 225 18,559.63 856.43 −4.41%
Hang Seng 24,309.07 922.54 −3.66%
Shanghai Comp 2,923.49 45.03 −1.52%
FTSE 100 5,237.48 639.04 −10.87%
DAX 9,161.13 1277.55 −12.24%
Market Sectors:
Cyclical −10.06% :
Basic Materials −9.62%
Consumer Cyclical −10.15%
Financial Services −10.15%
Real Estate −10.12%
Sensitive −10.02% :
Communication Services −9.31%
Energy −12.24%
Industrials −10.49%
Technology −10.03%
Defensive −8.45% :
Consumer Defensive −9.48%
Healthcare −7.50%
Utilities −10.25%
Market Movers, Losers category:
Equity Name Price Change Percent Change
Eldorado Resorts Inc 9.29 −37.51%
EPR Properties 15.94 −36.04%
Norwegian Cruise Line Holdings Ltd 5.38 −35.80%
Azul SA ADR 6.75 −35.21%
AerCap Holdings NV 13.18 −32.94%
Commodity Prices
5PRICE CHG CHG%
Chart
WTI Crude 31.50s -1.48 -4.49%
Brent Crude 32.72 -3.07 -8.58%
Ethanol 1.181s -0.041 -3.36%
Natural Gas 1.841s -0.037 -1.97%
Gasoline 0.8975s -0.2128 -19.17%
Heating Oil 1.1598s -0.0782 -6.32%
Gold 1589.3s -52.1 -3.17%
Many blogs I visit have a way to donate money. If you set one up here at the salon, it would give us a chance to show our gratitude for everything you do. And help with the plumbing.
6So sorry.
My only good news is the snow is melting fast.
7That’s all I have.
Thanks, Grandma Ada, gotta love that Garrison Keillor.
8That poem is remarkably timely, I must say.
Diane @6, Brrrr… Sorry indeed, it’s only been 80-89degF and sunsunsun every day all week here. :]
9NO BASEBALL????
10OMFG! It’s gone waaay too far now.
This kind of stuff is hitting the 1% hard. Screw the nba and mlb…
[just got an email]
“Effectively immediately, the Palm Beach International Boat Show and Superyacht Show Palm Beach have been postponed until further notice.
Adhering to Florida Governor Ron DeSantis and City of West Palm Beach Mayor Keith James’ recommendation to suspend all mass gatherings over contagion concerns, we fully support the decision as the health and safety of our visitors, community, exhibitors, staff and vendors is our top priority. We are currently working with the City of West Palm Beach to identify a new date. We wish to thank our city officials and the boating community for their ongoing support.”
11No Opening Day at Fenway. No Boston Marathon. How will we know it’s spring?
12Ms. Juanita Jean Herownself, been awhile since your last kid graduated? $10G will pay for a year at a respectable pre-school. We were looking at “average” costs of tuition at various state universities as part of an equation to figure a ‘reasonable’ minimum wage. Reasonable being what a kid would need to earn working weekends and summers to defray the cost of their education. No surprise $15/hr isn’t it. $22 is closer, while $30 makes it “doable,” not generous but doable. Such has been inflation ever since the formula was rigged to hide the actual rate of inflation.
13Oh, Lordy. We have Rangers opening day tickets. No baseball is gonna be hard to take at this house. DH, the kids and grandkids are baseball nuts. Ever since back when the Astros gave straight a tickets.
14If anything happens to Spotify, Terry Allen, Fred Eaglesmith and Eilen Jewel it will be truly bad. That’s the only thing keeping me semi sane til the first Tuesday after the first Monday in November in years evenly divisible by 4.
CNN.com has a story that U.S. led coalition forces have airstrikes underway against Iranian backed militias in Iraq.
15And it’s the THIRTEENTH story on their site. So far haven’t seen anything about it on TV
s’okay, Sandridge, I wasn’t going to go to the superyacht show in Palm Beach anyway. The superyacht show in Bahrain always has a better selection.
16slipstream @15,
I think that we’ll be able to pick out some very nice deeply discounted, lightly ‘pre-owned’ superyachts next week in many ports… /s … given the equity and petro market collapse in progress.
The Middle East production areas, Texas, OK, ND, etc., are going to get blasted.
The Saudis are going into dangerous waters. They have the lowest production ‘cost per bbl of crude’, ~$8.50/bbl, but –have to– sell it for at least $60+/bbl in order to cover their ‘welfare state’, and especially support the very expensive, huge ‘royal family’ parasitical class [there are many thousands of them living large]. Watch for the beheadings and dissection-disposals to begin.
A tip, the near and middle term future will be a very good time to pick up some excellent deals [of the ‘distressed’ kind], stuff like vehicles, RV’s, aircraft, real estate, etc.
17Cash will be king as the panic spreads and people tighten up after the recent buying binge [at least around here].
Bro just sent a photo of his TV- Everybody Loves Raymond. Gonna be a long few weeks in that house.
18Diane @7. Snow? What in the world is snow? BRAG
19Friday’s going to be another ‘interesting’ day.
Japan’s Nikkei 225 stock market is barely open [the first global to open], and it’s already gone down 7% and falling fast.
Hang on, y’all ain’t seen nuthin’ yet. Sooo much TrumpWin…
Market Indexes
20NameValueGraphChangeChange %
Nikkei 225 17,234.29 1325.34 −7.14%
Poor Tom Hanks who said, “There’s no crying in baseball”,
21is infected with the C virus. Now he knows not only is
there no crying, but THERE IS NO BASEBALL!
We aren’t in Kansas anymore, Dorothy.
Those of us who spend 3+ hours everyday (mostly) for at least 6 months of the year (excluding the post-season) in a blissful break from the real world are utterly bereft at the moment.
Pray for us.
22Hot damn!
Japan’s Nikkei continues falling.
Chinese markets just opened and diving like a rock.
Market Indexes
NameValueGraphChangeChange %
Nikkei 225 16,843.42 1716.21 −9.25%
Hang Seng 22,519.32 1789.75 −7.36%
Shanghai Comp 2,923.49 0.00 0.00%
Has Comrade Trump really screwed the pooch?
Will US markets crater worse than yesterday?
Can the DJIA sink 3000 points Friday? Or will it wait until Monday?
Two days falling at 3000pts/day from where it closed today gets the Dow to 15,000…
Sooo much winning.
23Sandridge @ 23,
Tall buildings better lock the stairway doors and elevators to avoid leaping investors.
24If the Dow well and truly craters, we are confronted with a world that essentially hasn’t changed for the non-investor class (yet) except by choice. And then the reality that stocks and bonds are valued by choice (will?) in the face of the largest challenge to confidence since the Second World War (? Or Cuban blockade?), Any leader, even Carter, could bring us back, but it’s the King of Bankruptcies who is in charge.
Maybe our Higher Power is telling us that we are going the wrong way, and we can work together. Or not…
25In case you missed why the best candidate for saving the country isn’t an old white guy: Sen. Warren on Mad Money discussing a pandemic response stimulus package that would keep businesses open from the bottom up. Bottom line: money in more hands will be injected into the economy and float more small boats along with the bigger ones.
https://www.cnbc.com/2020/03/12/coronavirus-elizabeth-warren-calls-for-grassroots-stimulus-package.html
26I didn’t care about any sport but when they took away our baseball, now I’m pissed! Especially if we have to be staying home more.
27increasing the minimum wage to $15 would save the country now…
28When you said you needed $10,000 worth of plumbing work done, I immediately thought you were using a euphemism for your own, personal “plumbing.” So glad it’s not that!
29I feel your pain. I’m on a very limited income as a widow and I have been through two major plumbing issues within 3 years and I am still not fully resolved on the last one. I swore that if this ever happens again I am going to live in a damn cave!
30Sandridge, the downside to all the real estate going begging is that DJT will swoop them up (with other people’s money).
31DJIA 11am PDT
+805 points.
Don’t trust money people.
32Ormond Otvos @32,
I agree with this writer, who argues that these extreme downs and ups are a sign of major instability, and could lead to a unprecedented global meltdown.
https://www.dailykos.com/stories/2020/3/13/1927179/-Don-t-take-news-reports-on-single-day-stock-market-recovery-seriously
“They’re profound, profound instability.
When you get swings this big, repeating and increasing like this the result has NEVER been a recovery.
Rather, this is a giant global pool of money — the same one that crashed real estate values in 2008 — looking desperately for a ‘safe’ place to place their money, and some folks trying to cash in on the downward trend cycle. This is NOT a healthy market — do NOT sink your nest egg thinking this is some ‘bottom’ we’ve hit or are getting out of.
33This is the biggest raw amount of instability I’ve ever seen — both for our market, and for the world.
…
These wide-swing bouts of super-instability, INCLUDING these short up-swings are some of the most dire indications to me.
All I’m saying is that you don’t trust the news reports about some single-day “recovery” as a reason to invest.”