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Daily Tech News 13 October 2024
Saturday Overnight Open Thread (10/12/24) Saturday Evening Movie Thread [moviegique]: An Evening With John Carpenter (Prince of Darkness/The Thing) Hobby Thread - October 12, 2024 [TRex] Ace of Spades Pet Thread, October 12 Gardening, Puttering and Adventure Thread, Oct. 12 Renaissance People The Classical Saturday Morning Coffee Break & Prayer Revival Daily Tech News 12 October 2024 The Best Things In Life Are ONT Absent Friends
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| Biden Considering Easing Sanctions on Venezuela To Get More of Their Oil; No Plans to Ease Sanctions on US Oil Industry » March 07, 2022
The Morning Rant: Scattered Buck Shots (3/07/2022)Collapse of Small-Cap Stocks Is Twice As Bad As The Dow Jones Correction If you’re watching the value of your 401K, you’ve probably noticed that it’s taken a hit recently. If it’s invested in an index fund tracking the S&P 500, it’s probably down about 10% from its peak. As of last Friday’s close, both the Dow Jones Industrial Average and S&P 500 are down 10% from the market top, what is known as a “correction.” The S&P is composed (approximately) of the 500 largest companies by market capitalization, weighted according to their size. Just four stocks - Apple, Microsoft, Amazon, and Google – account for more than 20% of the weighting in the S&P. So how are the stocks of smaller companies doing? Not good. They are in a full-blown, price-collapse, bear market. The Russell 2000 is an index of smaller publicly traded companies. Specifically, these are the companies ranked (approximately) 1,000 to 3,000 in market capitalization. The Russell 2000 Index fell more than 20% from its market peak, and is currently 19% below its peak. It has been well documented how the pandemic-era assault on Main Street businesses benefited Monster Tech, while simultaneously setting the stage for a negative economic ripple effect, due to the loss of economic activity from all the shuttered small businesses. As the collapse of “small-cap” stocks reveals, unglamorous businesses that are the daily engine of our economy are under a lot of stress. The Chamber of Commerce Is Irretrievably Lost Remember how we used to mock hyper-PC campus activists? We stated that they’d have a rude awakening when they hit the real world. They didn’t. Not only have those woke activists conquered academia, media, and every other source of influence in their march through the major institutions, they have also taken over outposts such as suburban Chambers of Commerce in deep red locales.
Blount County, Tennessee (Maryville) is a conservative, suburban area outside of Knoxville. Its Chamber of Commerce is asking candidates for local office to complete a questionnaire about their positions on various issues: The Blount County Chamber of Commerce is compiling profiles of all the candidates running for office in 2022. We ask that you complete this short questionnaire so the information can be shared with the community via social media and the website. Deadline for submission is March 11. That would seem helpful. So, what are the questions? Here’s one: What kinds of policies, if any, will you pursue to promote social and racial justice in our community? The Chamber of Commerce is lost. Like the Salvation Army and other once-beneficial organizations, it has been hopelessly infected with left-wing rot. It cannot be saved. Defund the Chamber of Commerce. Helen Thomas Would Be Proud You’ll never guess what journalistic beat Christiane Actually, I’m joking. You know darn well what story she’s trying to find a way to tell – “Israel and those awful Jews.”
If Amanpour were reporting on a pie-baking contest at a county fair, she would still find a way to make it about Israel. You know, I’m starting to think she may have a disturbing obsession with Jews. Helen Thomas would be very proud of Christiane. Can We Tear Down The Lenin Statues Now? Just in case you missed it, this excellent comment is from our own K.T. in her Saturday morning post “Is Putin Leaving Lenin To The West?” With all the hostility toward things Russian lately - Russian cats, Russian salad dressing, Russian junior athletes, etc., I haven't seen any news of hostility toward statues of Lenin in the USA. K.T.’s comment encapsulates a lot about the phoniness of the SwarmThink* we’re all seeing right now. There is a lot of public posturing about Russia, but not much renouncing of the communism that Russia inflicted on so much of the world in the 20th Century. (*SwarmThink is not an original term of mine. I’m swiping it from Walter Kirn.) That’s all for today’s Rant. Thank you for paying a visit. (buck.throckmorton at protonmail dot com) | Recent Comments
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Daily Tech News 13 October 2024
Saturday Overnight Open Thread (10/12/24) Saturday Evening Movie Thread [moviegique]: An Evening With John Carpenter (Prince of Darkness/The Thing) Hobby Thread - October 12, 2024 [TRex] Ace of Spades Pet Thread, October 12 Gardening, Puttering and Adventure Thread, Oct. 12 Renaissance People The Classical Saturday Morning Coffee Break & Prayer Revival Daily Tech News 12 October 2024 The Best Things In Life Are ONT Search
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Paul Anka Haiku Contest Announcement Integrity SAT's: Entrance Exam for Paul Anka's Band AllahPundit's Paul Anka 45's Collection AnkaPundit: Paul Anka Takes Over the Site for a Weekend (Continues through to Monday's postings) George Bush Slices Don Rumsfeld Like an F*ckin' Hammer Top Top Tens
Democratic Forays into Erotica New Shows On Gore's DNC/MTV Network Nicknames for Potatoes, By People Who Really Hate Potatoes Star Wars Euphemisms for Self-Abuse Signs You're at an Iraqi "Wedding Party" Signs Your Clown Has Gone Bad Signs That You, Geroge Michael, Should Probably Just Give It Up Signs of Hip-Hop Influence on John Kerry NYT Headlines Spinning Bush's Jobs Boom Things People Are More Likely to Say Than "Did You Hear What Al Franken Said Yesterday?" Signs that Paul Krugman Has Lost His Frickin' Mind All-Time Best NBA Players, According to Senator Robert Byrd Other Bad Things About the Jews, According to the Koran Signs That David Letterman Just Doesn't Care Anymore Examples of Bob Kerrey's Insufferable Racial Jackassery Signs Andy Rooney Is Going Senile Other Judgments Dick Clarke Made About Condi Rice Based on Her Appearance Collective Names for Groups of People John Kerry's Other Vietnam Super-Pets Cool Things About the XM8 Assault Rifle Media-Approved Facts About the Democrat Spy Changes to Make Christianity More "Inclusive" Secret John Kerry Senatorial Accomplishments John Edwards Campaign Excuses John Kerry Pick-Up Lines Changes Liberal Senator George Michell Will Make at Disney Torments in Dog-Hell Greatest Hitjobs
The Ace of Spades HQ Sex-for-Money Skankathon A D&D Guide to the Democratic Candidates Margaret Cho: Just Not Funny More Margaret Cho Abuse Margaret Cho: Still Not Funny Iraqi Prisoner Claims He Was Raped... By Woman Wonkette Announces "Morning Zoo" Format John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia World Muslim Leaders Apologize for Nick Berg's Beheading Michael Moore Goes on Lunchtime Manhattan Death-Spree Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears Liberal Economists Rue a "New Decade of Greed" Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility Intelligence Officials Eye Blogs for Tips They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq Leather-Clad Biker Freaks Terrorize Australian Town When Clinton Was President, Torture Was Cool What Wonkette Means When She Explains What Tina Brown Means Wonkette's Stand-Up Act Wankette HQ Gay-Rumors Du Jour Here's What's Bugging Me: Goose and Slider My Own Micah Wright Style Confession of Dishonesty Outraged "Conservatives" React to the FMA An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear The Story the Rightwing Media Refuses to Report! Our Lunch with David "Glengarry Glen Ross" Mamet The House of Love: Paul Krugman A Michael Moore Mystery (TM) The Dowd-O-Matic! Liberal Consistency and Other Myths Kepler's Laws of Liberal Media Bias John Kerry-- The Splunge! Candidate "Divisive" Politics & "Attacks on Patriotism" (very long) The Donkey ("The Raven" parody) |