Oh. Okay.

 

Hugh Hewitt says (5/12/22) don't worry, the market goes up and down. Happens all the time. It'll bounce back and go higher, like it always does. Never sell. Maybe a few companies were overvalued, and everyone is trying to figure out how to deal with inflation. America is still the most productive society on earth, Hewitt affirmed confidently. Six days later, the broad market fell another 5%.

 

If smart people don't sell, why are equities sliding? Did traders go stupid at Goldman Sachs? Oh, duh, I get it. They're shearing sheep, advising clients to sell on the way down and secretly buying cheap option contracts to make giant profits on the way back up. Happens all the time, right, Hugh?

 

So far it cost pension funds 20% of assets. Diesel is in short supply.

 

Dennis Prager was amused. He said there is an ancient Hebrew proverb — every 1000 years someone arises to kill all the Jews. (Not just a few million?) Puts me in mind of a foreign policy film clip solemnly honored by scholars, when John F. Kennedy exclaimed to thousands in Berlin: "I am a jelly donut!"

 

Stay tuned. A mountain lion was spotted in the neighborhood, and I want to source a spare clip for our Remington 522. Some varmints have to die. The girls' big young boxer has been barking urgently, afraid to engage. My kid was trained to shoot and keep shooting until it runs dry. I need to get her a spare clip pronto, to double the odds of successfully defending her chickens and aforementioned guard dog. The 2nd Amendment, precious metal, and ammunition are a hard backstop to losses. If shit comes to holler, they have a couple pounds of silver I gave them years ago, but it's no substitute for bullets.

 

Meanwhile, I'm beginning to believe that elderly radio talker Bill Cunningham, syndicated nationally on Sunday nights, has a screw loose somewhere in his noggin. Tonight he proposed to have Biden build two 6-ft diameter pipes to pump water from Cincinnati to Lake Powell, Utah, about 1,500 miles up and over the Rockies. Cunningham says that the Ohio River is 30 feet deep in Cincinnati, "uselessly" flushing fresh water into the Mississippi. What kind of goof thinks this way? The Ohio River borders six states. It has a system of locks and dams to sustain farming, commercial navigation, and drinking water for millions of people in Louisville, Evansville, Owensboro, and Paducah. It would take 800 million gallons to fill two 6-ft pipes from Cincinnati to Lake Powell, using hundreds of electric pumps to push it across Indiana, Illinois, the Mississippi River, hilly Missouri, all of Kansas, then over the Rockies, maybe two or three decades to complete. It would be cheaper to build a hotel on the moon.

 

Heads up. Big rigs breaking down, no parts, no tires, drivers quitting. Target and Walmart hurt by supply chain problems, port of Shanghai shut for 10 weeks, Chinese factories idled. Diesel fuel and fertilizer doubled in price, hitting U.S. farmers especially hard. Rising interest rates are going to bankrupt home builders, investors and savers. CDC is warning of another covid panic to screw us with mail-in ballots in midterm elections, pushing booster shots for children. On balance, it would be a good idea to shut the schools again. Transgender classroom propaganda was destroying kids. Adolescent mental illness has doubled. Cops are quitting. It's becoming urgent to bug out, learn how to shoot.