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Obama was like the school disciplinarian, Trump is the ultra positive coach..

Incapabama was like that pain-in-the-ass high school disciplinarian, always looking to "get" somebody for something, generally trying to make things more difficult, operating from a negative perspective. Rules, rules, and more rules.

Trump, on the other hand, is like that real positive coach, always looking for the good side of things, trying to put people in a position to succeed, trying to give people the opportunity to better themselves. But, like in any sport, you have to earn it with Trump. No handouts.

Only problem is that Trump is taking over a team (economy) that has been handicapped by bad draft picks (high debt levels), which is going to make the job more difficult, but not impossible.

Trump regularly meets with business leaders and listens to them, while many CEO's have said that their meetings with Incapabama often consisted of Barack coming in and lecturing them and leaving the room.

Which guy would you rather play for?

No posts on Hodgkinson shooting...

Haven't been on the board much in the past two weeks, but found it interesting today that there were no posts about the shooting by Hodgkinson of Steve Scalise and others at the baseball practice on June 14. If it had been the other way around, there would have been 5-10 Snowflake posts by now, with an equal amount of Paycut replies. Could even these two be embarrassed by the actions of a Bernie Sanders supporter? Weren't we told that only right wing nuts use guns?

China-Paris: Tulla, others....

Tulla,
In a previous post I mentioned China being the world’s largest polluter of Carbon Dioxide, suggesting percent of total is a more disturbing total than per capita. Although we lead the world on a per capita basis, that figure is dwarfed when comparing China;s total tonnage release of 10357 million metric tons per year compared to 5192 for the US. Figures from The Global Carbon Project, the European Commission and the Netherlands Environmental Asseesssment Agency….2015.
So, far from being unfair, it's paramount China, to a lesser degree India, et al not be given a break simply because they came to the game late.

C'est la vie....gay Paree!

Paris accords?......whatever you think of this, know it's a given coal, natural gas and good ole oil will remain pillars of the world’s energy supply for a long time.....the foreseeable future, given their energy richness and operational reliability. Sunlight, plant growth, wind, water (tides, rain, etc) and other natural resources (renewables) aren't viable options....yet. So guys and girls, Celebrate!
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Memorial Day Weekend.

Happy Memorial Day Weekend everyone. It’s the time of year again where we honor our lost veterans and say a few words. I’d like to remember all my brother vets with special thoughts for classmates lost in combat; Larry Brent, Bobby Kessel, Bob Sietz and John Haloka.
A bunch of us will get home to Gettysburg today meeting at the Soldiers National Cemetery where we put flowers on the soldiers graves. It’s a tradition we’ve been doing since elementary school, begun just after the battle in 1863. Pretty cool thinking these men have been honored all those years. Have a great weekend.
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Get ready to lighten up or get out of most stocks later this week.

The stock market has gone up for quite a while without a meaningful correction. Later this week could be a good time to transition out of most stocks and into cash, or even to short positions. This stance still need to be monitored and could change depending on events, but we are in the seasonal time of the year where a pullback could be more likely. It should be less than a 10% pullback, but will seem like a lot more than that, especially because the media will try to pin it on some event tied to Trump. Possibly, Comey's potential upcoming testimony could be the cause, or it could be another event, or just profit taking.

Insane, mal-adjusted liberals on this board will try to pin any decline to Trump, of course; but who really pays any attention to them? Best thing to do there is to sit back and enjoy the amusement that they provide.

I thought this might happen 2-3 months ago and was wrong. I underestimated the power of big Donny. But the advance has gone on for a little too long and it will be healthy for stocks over the longer term if a pullback takes place.

Car loans

A report came out by Moody's, the credit rating company, that claims that Santander, the Spanish-based bank that has a sizable auto loan business in the USA, verified only 8% of borrower incomes in its most recent ABS (asset backed swap) $1 billion subprime bundle. This information should result in a downgrade of Santander's rating of Aaa by Moody's, but the inside word is that it might already be too late, as major investment houses like Mass Mutual are said to have already invested.

However, the auto loan market is much smaller than the mortgage market, but when student loans are factored in (1 in 6 haven't made a federal student debt payment for nine months or more), and maybe even some questionable housing loans, this is not going to end well, unless we can get the economy back to a level of 3-3.5% growth, and even then, it's still going to be tough. And the automotive market has a lot of domestic suppliers who will be hurt when sales eventually show year-over-year declines.

Unfortunately, the regulators focused on mortgages after the crash, but not on auto loans. The result is a messy situation that should go bust at some point, possibly in the next 12-18 months. Consumers are also to blame, as it makes no sense to take out a 72-month or 84-month loan.

Santander's stock closed at $11.65 today. The company is still estimated to earn $2.20 per share this year, which puts the PE at 5.3. Based on this measure, it sounds like a cheap stock, but be careful, as it could be half that price in two years or less.

So, right now the terrorist attack in England is a huge story but CNN is still talking Trump & Flynn

This pretty much tells you all you need to know. It's all about Flynn/FBI and nothing about all of the positive news about Trump's visit to Saudi Arabia, the roundup of illegals by the border patrol (I was fortunate to see some of this in action in the Miami area last week; the van took about 10 minutes to pull over despite two border patrol vans driving behind and next to it), stock market gains, positive trade deal with China, etc.

Ladies and gentlemen, it's an all-out war. Luckily that nobody with any sense takes these jokers seriously. One clown just commented that "the trip is a way to get back on track."
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