Read this First 11/24/2020

Pardon Me? The President introduced "Corn" and "Cob" the two, "White House Turkeys". As is tradition since the Bush Administration, they were pardoned in a ceremony. (It dates back to 1940 but all Presidents since G.H.W. Bush have pardoned them) .. Gotta say.. It would be REALLY funny if he said, "Nah.. OFF WITH THEIR HEADS.. LET'S EAT !!! "

If you'd like to get a jump on the COVID-19 Vaccine you can head to Russia. They are offering vaccines for 20 American dollars (Free to citizens) .. Uhhh.. I think I'll wait.. How about you? ... and..

Where they goin? .. Migrants were thrown out of a "tent city area" outside of Paris over COVID concerns. Last night police demolished a "protest camp" in Paris of 500 Migrants. In Barcelona, heavily armed cops clashed with citizens protesting evictions (can't pay rent. Covid took their jobs)... I have kind of a simple question. Where are they going to go? I guess the citizens can re-work leases.. but.. if you let thousands and thousands of Migrant into your country where do they go? At some point, you run out of safe spots to build tent cities..

Voter Fraud Update: Dominion Voting Spokesperson, Michael Steel, has responded to claims of "Vote Flipping" by Dominion machines. He says when the voter votes on the screen he hits "print" and hands the card to the election official. If there is any question that the computer was compromised it is easy to verify by matching the machines to the cards. (For the record, Steel is a Republican but endorsed Biden). As I've said before, there was voter fraud. 100%. I've seen video. But, NOT with these machines with people voting in person. The fraud was with mail-in ballots and ballot harvesting. Enough to swing the election? Who knows... and

In a close race for Congress in upstate NY a judge is sorting things out after dead people were found to have voted. A few hundred absentee votes will decide the outcome and a judge is sorting through whether they were legally cast. This is the race between Dem. Anthony Brindisi and Republican Claudia Tenney.

IN DA SWAMP: President elect Biden continues to name potential advisors and Cabinet members. What he is calling bringing in, "professionals" is just RE-SWAMPING the Swamp with pretend "experts". John Kerry? Really? He is a career politician with no real qualifications other than he married Teresa Heinz (Yes, Heinz Ketchup Billionaire) so he can donate nicely to Democratic causes. He has been a failure at just about everything he has done in Washington.. now..

For my liberal readers saying, "Oh yeah?? You just hate them because they worked for Obama"... yada yada... No, I don't like career politicians that have never really DONE ANYTHING except demand you call them smart... So, Janet Yellen for Treasury Secretary. GOOD PICK.. You want some other picks? Pete Buttegieg should have been the UN Ambassador. Razor sharp. Thinks on his feet. It would get him exposure on the World Stage... Mike Bloomberg for Secretary of Labor (How about that? A guy that built a $50 Billion company that employs 20,000 people) . ..and if you want to bring back Obama guys start with Jeh Johnson, Obama's Homeland Security guy. Ever see that guy on TV?? Sharp dude AND he's already been there. .. should I keep going?...

Camille Paglia, Secretary of Education. I mean.. How crazy would THAT be?? To hire an actual college professor, brilliant researcher and UBER educated woman to be in charge of our BROKEN Education system.. .. Melinda Gates (Yes, THAT Gates) head of the CDC.. Why not? .. .. How's about Oprah Winfrey takes over as Commerce Secretary? She built a billion dollar media empire. You don't think she could help communities and businesses?.. uuhh YEAH!!!!

Please STOP with the political cronies and swamp-rats that ONLY know politics and nothing about REAL America.. and..

What is the number, Apple? The number of new "widgets" or "improvements" or whatever before Apple "Updates its Operating System"? Gotta tell you.. my Iphone automatically updated to IOS 14.2 and its a DISASTER. Apps don't work. It's screwed up my WIFI in my house. It connects then drops every few minutes. I want to throw my Apple stuff out the window and go Android. I am DEFINITELY turning off Auto-Update and seriously considering backing up my photos to a hard drive and dumping Apple. YOU HEAR THAT APPLE??? YOU SUCK !!!!!!

SPORTS:

After watching arguments over pass interference and holding for the millionth time.. I have a suggestion. Get rid of those penalties. Just get rid of them. Holding on the offensive line happens on almost EVERY play. Its just a matter of degree. So, Let people hold.. and let the other players, "retaliate and defend themselves" ...

Think about it.. if Im a defensive back and I grab hold of a receiver.. and he pushes me to the ground and takes off, BOOM. He's wide open..Touchdown. The QB should have some extra time to throw because his line can grab guys and throw them to the floor.. .. I'll bet scoring would go UP not down... BAMM.. no arguments about pass interference because there IS none...

I know.. I know.. RAJ should run the NFL .... anyways...

NFL: Monday Night Football: Brady does it AGAIN...and by that I mean throws an interception on the final drive and the Bucs LOSE 27-24 to the LA Rams... in a little, "Payback" the Bucs cut kicker Matt Gay and the Rams picked him up this week. NO PRACTICE.. makes 3/3 extra points and 2/3 Field Goals including the GAME WINNER with just over a minute left... and..

Bengals QB Joe Burrow is out for the year. The MRI showed an ACL and MCL tear and other damage. Hopefully, the Bengals draft an offensive line to protect him next year.. and..

GOLF: The PGA Tour is off this week but there will be golf.. and some of it will be REALLLY bad.. "The Match" part 3 will take place Friday and have NO Tiger Woods .. Steph Curry and Peyton Manning will take on Phil Mickelson and CHARLES BARKLEY !!!! Curry is a VERY good Amateur ... We've seen Manning is OK .. and Barkley is AWFUL .. He better be getting shots.. or be able to tee off from 150 yards out.. or this is gonna be UGLYYYYY...

CELEBRIDIOTS:

Tuesday R.I.P.'s RIP to Pat Quinn, 37 of ALS. Pat was the co-founder of the ALS Ice Bucket Challenge... RIP to Bobby Brown, Jr. 28. Cause of death not given yet but his friend reports, "too much partyin' " .. and a RIP to former NYC Mayor David Dinkins, 93. First Black Mayor of NYC that beat longtime Mayor Koch in Primary and preceded Rudy Guiliani...

In probably the biggest joke of the year, The International Emmy Awards gave a "Leadership" award to NY Governor Cuomo for his "masterful use of TV to inform and calm people around the world" .. WHAT? WHATT???? The guy ORDERED Nursing homes to take back infected people and THOUSANDS were KILLED. He claims he had to release the elderly from the hospitals to prevent over-crowding but he has a Navy Hospital ship and the ENTIRE Jacob Javitz center set up as a hospital by FEMA. HE KILLED THOSE PEOPLE. The number he is responsible for killing is north of 10,000 in those two months although the state still contends its 6,500. (They only count those that died IN the Nursing home. If you count the ones that got sick at the homes and died in the hospital its WAY HIGHER)

NY has 20 million residents and Florida has 21 Million. NY has almost TWICE the number of COVID deaths. (NY 34,331 vs FL 18,085) .... We all know how dangerous this is for older people. NY is #16 in the country in "population over 65" and Florida is #2. Florida Governor, Ron DeSantis, shut down access to Nursing homes and saved lives. NY, NJ and PA FFCKKKKKEDDD UPPPPP .. What a bunch of LOSERS at whatever the International Emmy Awards are... LOSERS !!!

For those asking why I didn't announce the Winner of the AMA's for 2020 .. its because EVERYONE lost. They all dressed like weirdos and were left out of the Rant on PURPOSE... It's quite the disturbing trend. You gotta "Throw back" Several years to get to anything good... HERE.. or.. HERE..

From SeekingAlpha.com

Second act for Janet Yellen

A familiar face and uber-dove will likely be heading up the Treasury under Joe Biden - former Federal Reserve Chair Janet Yellen. Many see Yellen as a market-friendly choice considering that she oversaw a long economic expansion with historically low interest rates and she's likely to push for further fiscal stimulus. The pick will also put an end to Wall Street's fretting over Senator Elizabeth Warren, who had pledged to clip big banks with a tighter financial policy regime. "I think this is a strong sign that Biden will be focused on rebuilding the economy vs. pursuing aggressive regulatory policy," added Ed Mills, Washington policy analyst at Raymond James. “She will be an effective voice of more fiscal support vs. someone who was seen as a partisan." Not only is Yellen the first woman to hold the position of Fed Chair, but if she is confirmed by the Senate, she'll become the first woman to serve as Treasury Secretary.

Futures rise on transition process

We've had the recovery trade, the vaccine trade, now they're talking about the transition trade. Nearly three weeks since Election Day, the head of the General Services Administration has signed off on the handover process, meaning Joe Biden's team will now receive national security briefings and have access to federal funds to transition the administration. That takes some risk off the table, with S&P 500 futures climbing nearly 1% overnight, along with boosted optimism about Janet Yellen's possible nomination. President Trump is still pressing ahead with a long shot legal challenge of overturning the election results, appealing a decision in Pennsylvania that rejected claims of widespread problems with mail-in ballots, while attempting to halt officials from declaring Biden the winner of the battleground state. (13 comments)

Tesla valuation nears half a trillion

Driven by another surge in Tesla's (NASDAQ:TSLA) share price, Elon Musk's net worth soared $7.2B to $127.9B on Monday, passing Bill Gates to become the world's second-richest person. Not looking to take any cheap shots at Ford (NYSE:F), but yesterday's market cap gain for Tesla isn't all that far off from the total market cap for the Blue Oval of about $35B. There is plenty of general enthusiasm over the impact of a Biden administration for the EV sector and hopes that EV sales in China will accelerate with the support of Beijing. On the latter note, Wedbush Securities analyst Dan Ives thinks China presents eight to nine times the opportunity for EVs in the near term as sales in the U.S. TSLA +4.6% premarket. (202 comments) Go Deeper: GM reverses on California emissions rules.

Travel sector extends rally before Thanksgiving

It was only a week ago that the CDC urged Americans not to travel or spend the holiday with people outside their household, but pandemic fatigue appears to be setting in before the holidays. More than 3M people passed through U.S. airports last weekend, according to the TSA, marking the busiest weekend since mid-March, when the coronavirus began spreading across the nation. Likewise, the American Automobile Association has forecast that 45M-50M people will take to the highways over the holiday, compared with 55M in 2019. New coronavirus cases in the U.S. have surged to all-time highs, averaging more than 170,000 per day, and deaths have soared to over 1,500 a day, the highest level since the spring. Premarket: American Airlines (AAL +7.2%), United (UAL +4.2%), Southwest (LUV +3.6%), Delta (DAL +3.4%), Carnival (CCL +6.9%), Norwegian Cruise Line (NCLH +4.8%), Royal Caribbean (RCL +4.2%).

Quick deployment of Astra-Oxford vaccine

Investors are still sizing up the COVID-19 vaccine developed by the University of Oxford and AstraZeneca (NASDAQ:AZN), with shares of the latter falling 1% yesterday before recovering the ground in AH trading. The vaccine can be stored at refrigerator temperatures and is much cheaper ($3-$4 per dose) than jabs from rivals Pfizer (NYSE:PFE) and Moderna (NASDAQ:MRNA), offering hope for the developing world. More bang for your buck... Interim trial results also suggested that those that use less of the vaccine (a dose and half vs. two doses) will have more protection with an efficacy of 90% (compared to 70% for the other regimen). Still, SVB Leerink analyst Geoffrey Porges called the results "embellished," saying they were from a "relatively small" group of volunteers and the shot would never be licensed in the U.S. However, the rollout of the Astra-Oxford jab could begin next month in the U.K., according to Health Secretary Matt Hancock, along with a vaccine from Pfizer, though both need to be assessed by the U.K. health regulator before they can be administered to the public.

Is Bitcoin going to $100K in 2021?

Bitcoin (BTC-USD) has skyrocketed 160% since January, supported by strong institutional demand as well as scarcity, with payment companies like Square and PayPal buying it on behalf of customers. The currency touched $19,000 overnight, within sight of its all-time peak of just under $20,000 hit in December 2017. "I have seen bitcoin go up 10X, 20X, 30X in a year. So going up 5X is not a big deal," said Brian Estes, chief investment officer at hedge fund Off the Chain Capital. He predicts the cryptocurrency could hit between $100,000 and $288,000 by end-2021, based on a model that utilizes the stock-to-flow ratio measuring the scarcity of commodities like gold. In a note last week, Citi technical analyst Tom Fitzpatrick added that Bitcoin could climb as high as $318,000 by the end of next year, citing its limited supply, ease of movement across borders and opaque ownership. (14 comments)

Some more spice

McCormick (NYSE:MKC) is moving over the bottle of Frank's as it eyes a new hot sauce. The seasonings company has agreed to a deal with L Catterton, the private-equity firm that has owned Cholula since 2019, that would value the brand at around $800M. McCormick already acquired Frank's RedHot, best known for its buffalo wing sauce, back in 2017, as consumers look for low calorie condiments and millennials flock to spicy flavors. In fact, retail sales of hot sauces in the U.S., including Sriracha and Tabasco, are on track to near $1B this year, which would be just shy of ketchup sales, according to estimates from Euromonitor.

Come together

A reported meeting between Bibi Netanyahu and Crown Prince Mohammed bin Salman this week may lay the groundwork for business development in the Middle East amid a U.S. push to normalize ties between the longtime foes. Google (GOOG, GOOGL) is looking to open a new corridor for global internet traffic that would link India to Europe via Israel and Saudi Arabia. With a capacity of hundreds of terabits per second, the fiber-optic network would help the tech giant roll out data centers globally and catch up to rivals Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN) in on-demand cloud computing. Israel has recently formalized government ties with the U.A.E., Bahrain and Sudan, and Israeli and American officials have said other such deals are underway.

What else is happening...

Holiday delivery crunch? Amazon (AMZN) encourages local pickup. Did Apple's (NASDAQ:AAPL) security chief trade iPads for concealed carry permits? GM (NYSE:GM) air bag problem could cost more than $1B. Merck (NYSE:MRK) splashes out on a deal for severe COVID infection therapy. Black Friday challenge: Finding a PlayStation or Xbox in stock.

Today's Markets

In Asia, Japan +2.5%. Hong Kong +0.4%. China -0.3%. India +1%. In Europe, at midday, London +1.1%. Paris +1.3%. Frankfurt +0.9%. Futures at 6:20, Dow +1.1%. S&P +0.8%. Nasdaq +0.4%. Crude +1.4% to $43.64. Gold -1.5% at $1809.80. Ten-year Treasury Yield flat at 0.86%

Today's Markets

8:55 Redbook Chain Store Sales 9:00 S&P Corelogic Case-Shiller Home Price Index 9:00 FHFA House Price Index 10:00 Consumer Confidence 10:00 Richmond Fed Mfg. 11:00 Fed's Bullard Speech 12:00 PM Fed's Williams Speech 12:45 PM Fed's Clarida Speech 1:00 PM Results of $24B, 2-Year FRN Auction 1:00 PM Results of $56B, 5-Year Note Auction


Regards,

Roger “Raj” Searing rajsearing@gmail.com "Raj Searing™”, "Read this First™", "@rajsearing™", "TheRantRoom™" and “TheRantroom.com™” are Trademarks of RRRAJ, LLC. All Rights Reserved-2003.

DISCLAIMER:

This RANT is intended SOLELY as Commentary, Satire and/or Social Criticism and is for ENTERTAINMENT. Content in this RANT is based on PUBLICLY AVAILABLE INFORMATION and is purely the OPINION of the writer. It is NOT intended to be relied on as fact. Some of this information is garnered from well respected news sources and some is not. (In fact, sometimes I get drunk and make stuff up. It's usually about me dating hot women.) Raj warns all readers: If you cannot tell that most of this Rant is just my opinion then you are too stupid to be reading it!!!!

Stop before you hurt yourself!


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