Friday, January 08, 2021

Chaos, calm, and uncertainty

---After yesterday's chaos, order has been restored but much remains unclear.  Obvious leading culprits for this attack on democracy are President Trump, Senators Cruz and Hawley, and Trump family members who encouraged the demonstrators/rioters.  Some view participants inside Congress once order had been restored, such as VP Pence, Lindsey Graham, and Mitch McConnell, as exemplars of a democracy at work.  In fact, those three as well as many Republican members of Congress have been enablers of Trump for four years.  Let's just get through the next 13 days!  No matter what reassurances are spouted, with Trump it always gets worse.

---Equity markets rose yesterday afternoon with the S&P up 1.5% and the Nasdaq up 2.5%.  The biggest movers reflected the fragility of the markets and governments.  The stock symbols of those were RIOT, yes riot, MSTR, BTBT, and Greyscale Trust, all related to Bitcoin.  If one were lucky enough to have bought each those names in mid-December 2020, they would be up by 90%, 54%, 41%, and 42%, respectively.  They could collapse just as quickly one could presume, but they are up modestly again today at 11am.  Be forewarned, yet the Trump denouement may persist.  The damage that his Presidency has done cannot be underestimated.  

to be continued, on a cheery note... 

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