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Business, Economics, and Taxes: Capitalism. Yay? >=(

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In case you were wondering how Sports Owners donated their political $$$

Not that it was a surprise that billionaires lean republican, but I didn't think it would be an 80/20 margin....

I'm not surprised.

1. They're Plutes
2. Jocks are dumb

It's a Venn Diagram intersection of short-sightedly stupid people with poor impulse control.

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Well the owners of two of my teams donated to Biden. (Twins and Vikings) And I doubt anyone is surprised the idiot owner of the Knicks donated to Trump ;-)
 
Seems like Seattle and someone else (Capitals)

Kinda disappointed they didn't include MLS (but included WNBA and NASCAR?) but The Athletic had already wrote about that.

Even Seattle has some donations to either bipartisan or GOP.

The only Dem-only NHL donors were the Capitals ($163,513), Coyotes ($8,300), and Bettman ($1,000).
 
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GDP up 33%, but that follows a 31% drop and, because math, is not back where we started yet.

Expect Trump to crow the big numbers with no understanding of them. To be fair, (to be fair, to be faaaaaaiiiiiiirrrrrrrrrr......) I don't *fully* get them either, but I understand them better than POTUS.
 
Well at least the Dow is up...a robust 15 points!

I do find it hilarious that CNBC is having quite the circle jerk about the earnings reports in 4 hours...even if they admit it wont likely be enough to save anything.
 
Well at least the Dow is up...a robust 15 points!

I do find it hilarious that CNBC is having quite the circle jerk about the earnings reports in 4 hours...even if they admit it wont likely be enough to save anything.

I'm laughing enjoying it too. Seems they have learned nothing all week as earning reports have come in favorably for all companies, yet stocks keep dipping. They didn't understand why Microsoft, after a great earnings report, was going to open lower this morning.

Squawk on the Street was a hoot this morning as they were ripping into Jim Cramer for parroting GOP talking points. "Jim, were you talking to your DC pals this morning? Like your buddy Jack Nicklaus?"
 
I'm laughing enjoying it too. Seems they have learned nothing all week as earning reports have come in favorably for all companies, yet stocks keep dipping. They didn't understand why Microsoft, after a great earnings report, was going to open lower this morning.

Squawk on the Street was a hoot this morning as they were ripping into Jim Cramer for parroting GOP talking points. "Jim, were you talking to your DC pals this morning? Like your buddy Jack Nicklaus?"

Cramer yesterday on one of the shows (not his I wont watch that trash) was about as honest as I have seen him since Jon Stewart destroyed him. He basically said it is time to bake in COVID and accept this is going nowhere and it is going to have an affect on everything. I may be misremembering but it seemed like he was saying that they need to stop being so down on how little things are picking up or it will drag down the market for quite some time.

Now Cramer sucks, and he is obviously trying to help his friends by making sure there isnt any sort of real crash but he is right. I realize it is "Earnings Week" and the market is super volatile because of the election and the Pandemic and a dozen other factors but it does kind does seem like many of these clowns are waiting for that big recovery, the bounce back. (not vaccine related) That isnt going to happen. Things are going to be down into second quarter next year unless a vaccine hits. (and even that wont fix everything) Without one everything is going to be down. Just because it is down though doesnt mean it is over it just means you have to change strategies and mindsets. If you are down 20 points in the second quarter of a football game you havent lost yet. You also cant get back into it with just one play or one drive. You need to chip away, chip away and get it to a much better position and hope something breaks your way.

I will say the Halftime Report is being pretty honest about all this. Even when they get super high about something like Apple or Amazon...it is tempered with the fact that as soon as the election is contested the market is going slow down and while the inauguration will lead to a recovery that will be held back until at least one of the drug companies shows positivity out of Phase 3 Trials and that will then be hampered by distribution.
 
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