Tues. Nov. 20, 2018 – maybe it’s already started…

44F and damp this morning. Dreary.

With the current stock market turmoil, and all the down days, I’m beginning to think the next meltdown has started. We’re way overdue. Looking at the charts for 2008, there was a lot of down, partial recovery, then down some more. The trend was down though.

Then there is this, from Simon Black, so get out your salt shaker, but still….

https://www.zerohedge.com/news/2018-11-19/its-possible-decline-has-already-begun

And then this, along with Amazon being responsible for about 9% of S&P losses all by itself…

https://www.zerohedge.com/news/2018-11-20/apple-enters-bear-market-after-second-goldman-downgrade-one-week

And this

https://www.zerohedge.com/news/2018-11-20/sea-red-global-stocks-plunge-tech-shares-freefall

Add the fraud reports coming out of Nissan and various banks (up markets will hide a lot of shenanigans)…

https://www.zerohedge.com/news/2018-11-20/deutsche-bank-shares-hit-record-low-massive-money-laundering-fears

This may really be it. Make sure you have some cash around for the coming week, pay anything you can, and check all your online balances so you know what you’ve got.

n

Author: Nick Flandrey

Mid 50s, stay at home dad, with two elementary school age girls. Love my family and my life.

31 thoughts on “Tues. Nov. 20, 2018 – maybe it’s already started…”

  1. And then this, along with Amazon being responsible for about 9% of S&P losses all by itself…

    You mean Apple?

    Apple seems to want to be a smaller company. The last time we went to the Austin store regarding an issue with my iPhone SE, the crowd was almost unmanageable.

  2. 37º and light rain where everybody I know is either going to be running on Thursday, or cooking.

    It was beautiful yesterday, and I managed to get out for 3 miles. I forgot my hat, so my bald pate was exposed to the 40º elements, and the lack of wind made it comfortable.

    This was surrounded by pickup wherein people brought their confirmation emails on their phones, and we checked them in & assigned their race numbers all electronically. Optical scanners and a combination of QR codes & 3of9 barcodes make it all possible. Nobody has to touch a keyboard unless they want to handle a family all at once. SO much better than the old days, where bibs, with foam, were alphabetized and had to be searched. With 5000 people, it was a hassle.

    I love it when technology helps make some aspect of our lives easier & better.


  3. All debts will be erased in the coming turmoil!

    Except taxes. All those that have anything left will be wiped clean by the IRS. Everyone will be equal. Socialists will get what they want as everyone will be equal and no one will have anything. Everyone will be dependent on the government.

  4. The gov will, of course, have everything, especially after the turnips are bled by taxation.

  5. I love it when technology helps make some aspect of our lives easier & better.
    Oooh, how true!

    …we checked them in & assigned their race numbers all electronically.
    Rayciss?! Just kidding; it was hard to resist.

    This is about the only place where folks can joke amiably. I sure do miss OFD.

  6. Apple seems to want to be a smaller company. The last time we went to the Austin store regarding an issue with my iPhone SE, the crowd was almost unmanageable.

    The street is punishing Apple for not growing. Tim Cook is not long for this world.

    I still maintain Apple will purchase Tesla to get the cool electric cars and Elon Musk as their new CEO. They are probably negotiating his terms and conditions right now.

  7. And then this, along with Amazon being responsible for about 9% of S&P losses all by itself…

    My Amazon stock is up 50% that I bought last year.

  8. “In Mississippi Senate race, a ‘hanging’ remark spurs Democrats”
    https://www.reuters.com/article/us-usa-election-mississippi/in-mississippi-senate-race-a-hanging-remark-spurs-democrats-idUSKCN1NP15Q

    “Espy, 64, is a heavy underdog in the Deep South state, which has not elected a Democrat to the Senate since 1982. But his campaign got a jolt of adrenaline when a video surfaced a week ago showing Hyde-Smith, 59, praising a supporter by saying: “If he invited me to a public hanging, I’d be on the front row.””

    What a strange remark.

    Hat tip to:
    https://drudgereport.com/

  9. Day two of living with a heart wiring harness and data collector. I used the tub in our bathroom for the second time in five years with a sponge bath of the lower extremities. Not a very satisfying bath for this borderline Aspergers guy. I was cautioned about getting the electrodes wet as they will come off with water.

    I woke up in the middle of the night laying on the data collector box. No fun. And all of the seven electrodes and their associated wiring is itching today. The data collector box is about the size of David Weber MMPB.

  10. The street is punishing Apple for not growing. Tim Cook is not long for this world.

    I still maintain Apple will purchase Tesla to get the cool electric cars and Elon Musk as their new CEO. They are probably negotiating his terms and conditions right now.

    Tim Cook is the best tech manufacturing manager on the planet. If you need a million widgets made, he’s the guy you call.

    The Valley views an Apple-Tesla merger breaking down as Musk supplying the “mojo” and the vision which has been missing since Jobs died while Cook straightens out Tesla’s supply chain and manufacturing issues.

    A merger which removes Cook is just the board giving Musk the $100 billion Apple cash pile to p*ss away without adult supervision. I don’t see that happening. Lenovo and Samsung wouldn’t have a problem finding something for Tim Cook to do for them, especially Lenovo.

    Cook built his reputation building the IBM fulfillment infrastructure in North America which Lenovo currently enjoys, and, say, doesn’t Lenovo have a nice little phone operation of their own. And world-class laptops. And no Johnny Ive keyboard mess.

    Jobs hired Tim Cook from Compaq for a reason. The board is still mostly Jobs cronies.

  11. What a strange remark.

    Mississippi. IIRC, they didn’t ratify the amendment abolishing slavery until the mid 90s.

    OTOH, we don’t know the context. One of the landmark events in American Legion history is the “Centralia Incident” in WA State which was white people lynching a white person. Lots of public hangings were not racially motivated, but that fact gets lost in the mists of time.

    The Republican candidate probably didn’t think before she opened her mouth. That’s fatal when you’re running against a Prog who was also an associate of the Clintstones. DeSantis got lucky in FL after his “monkey business” remark.

    (Plus, in DeSantis case, I’ll bet he won a lot of votes in Broward, especially Hollywood.)

  12. Tim Cook is the best tech manufacturing manager on the planet. If you need a million widgets made, he’s the guy you call.

    The Valley views an Apple-Tesla merger breaking down as Musk supplying the “mojo” and the vision which has been missing since Jobs died while Cook straightens out Tesla’s supply chain and manufacturing issues.

    A merger which removes Cook is just the board giving Musk the $100 billion Apple cash pile to p*ss away without adult supervision. I don’t see that happening. Lenovo and Samsung wouldn’t have a problem finding something for Tim Cook to do for them, especially Lenovo.

    Apple can afford to pay them both. IIRC, Apple has $300 billion in the bank. But fitting both of their egos into the same company might be difficult.

  13. This may really be it. Make sure you have some cash around for the coming week, pay anything you can, and check all your online balances so you know what you’ve got.

    A prepper should have a thousand in cash already. Maybe two thousand.

  14. “NASA concerned about culture of “inappropriateness” at SpaceX”
    https://arstechnica.com/science/2018/11/nasa-plans-invasive-review-of-spacex-after-musk-smoked-weed/

    “One source familiar with NASA’s motivations said the agency has grown weary of addressing questions about SpaceX’s workplace culture, from the long hours its employees work to Musk’s behaviors on social media. “SpaceX is the frat house,” this source said. “And NASA is the old white guy across the street yelling at them to ‘Get off my lawn.'””

    Looks like Musk has a pee test in his future. And it is time for NASA to be shutdown.

  15. If he has a security clearance, he shouldn’t be smoking dope.

    They don’t call it dope for nothing. Makes you stupid after a while.

  16. Doesn’t the whole NASA/SpaceX thing sound a little like the NASA bureaucracy finally waking up and realizing SpaceX is a threat to them?

    A few years ago (mid 2000’s), when I had some connections at a previous employer, Burt Rutan came to town to give a talk, and I got my dad and myself invited. He was talking about the development of spaceship 1 and 2, and the future of space travel in general. There were quite a few NASA employees in the auditorium.

    Well, he was unabashedly pro private enterprise and anti-NASA, though he wasn’t disrespectful about it. About 20 minutes into the talk, all of the NASA people got up and left.


  17. …we checked them in & assigned their race numbers all electronically.
    Rayciss?! Just kidding; it was hard to resist.

    This is about the only place where folks can joke amiably. I sure do miss OFD.

    I miss him too.

    And it took me a bit to figure out the Rayciss part of that quote. My mind’s muddied and will remain so until the races (racyiss?) are all finished on Thursday afternoon.

    Then it will be muddied with beer & sportsball.

  18. +1
    Yep, my mind works in strange ways sometimes. I salute you for braving the weather and all those racers. Then turkey; you will have earned it.

  19. Anytime you need a dose of OFD or RBT click on one of the subject keywords on the right, or do a site: search for a topic. I hit several good days of discussion yesterday looking for my previous comment about Chris Hernandez.

    n

  20. Re Musk: I wrote on SoylentNews – the guy is a man-child, with all the emotional maturity of a young teen. In his position, especially after his “funding secured” idiocy, he is just being stupid to smoke dope during a public interview. Some conservative dickwads at NASA now have their panties in a twist, and are going to impose an “safety review” on SpaceX.

    Great way to win the support of your employees. I do hope he grows up, one of these days… Either that, or he’s going to go too far sometime, and land in jail.


  21. Doesn’t the whole NASA/SpaceX thing sound a little like the NASA bureaucracy finally waking up and realizing SpaceX is a threat to them?

    NASA has no way to get crews to the ISS without SpaceX or Boeing making their crew transports a success. They already use commercial contractors to get cargo to and from ISS. They and the rest of the government use SpaceX to put satellites in space. So, no conflict there.

    The SLS is the only program that is threatened by SpaceX and believe me there are a lot of internal supporters of SpaceX and BFR. An upper level NASA official recently said that if BFR works, they might not need SLS. The Administrator stated full support for SLS, but he has to for political reasons – to keep the Senate happy.

  22. This is about the only place where folks can joke amiably. I sure do miss OFD.

    Me too. OFD was one of the few people who got some of my jokes.

    And I try not too joke too much, if at all. I learned a long time ago that my jokes are very internal and strange. My brain seems to be short circuited in weird ways.

  23. I tend to add “that was a joke” after about 5 seconds to be sure people get it and don’t think I’m serious.

    I’m hilarious – and I’ll tell everyone around that I am.

  24. “Anytime you need a dose of OFD or RBT…”

    I miss the informed talk about which guns to buy.

Comments are closed.