Can You Imagine The Short Squeeze Today? -- March 1, 2017

It's going to be quite a night for blogging. But the blogging will be off and on. My family commitments begin at 2:30 p.m. with the three granddaughters: park for the youngest; soccer for the middle granddaughter; and, water polo for the oldest granddaughter.

But in between those activities and after those activities there will be lots to talk about.

To give you an idea of how much to talk about, minutes after posting the subject line to this post. I was sent this link: the real reason behind Dow 21,000 (no, it's not Trump's speech). In short, shorts panicked.

The writer of the article, or the headline writer, is absolutely wrong. He/she says it in the first couple of paragraphs. It was all about Trump's speech. The problem is that short sellers bet wrong on the speech, and bet wrong on Trump.

Yes, it was all about Trump's speech. And short sellers betting wrong. Although I doubt that was the sole reason for the run-up. But whatever it was, doesn't matter, does it?

I think it comes down to this:

• eight years of bad economic policy and really, really bad foreign policy
• the realization that if Snapchat (no profits, no shareholder rights, no dividend, no billions of dollars stashed away overseas) is valued at $24 billion, hey, maybe Apple, et al, are undervalued. By a lot. 

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New Yorkers And North Dakota Bison

Earlier today I posted:

Then this:

North Dakotans have been spared meters for so long that some don’t realize the technology has changed, allowing people to pay with credit cards or smartphone apps instead of coins.

I assume New Yorkers think we still have hitching posts on Main Street and Indians are driving buffalo over cliffs.

Shortly after posting that a reader sent me a link to sayanythingblog with this story:

Last week I posted some video a #NoDAPL activist had taken of a MSNBC news team recording a segment from the Oceti Sakowin protest camp in south central North Dakota.

When I originally posted the video I couldn’t find where it had actually been broadcast. I thought that perhaps Perry, having been told that his report was inaccurate, decided not to use it. Turns out I was wrong. The utterly laughable segment really did air.

The video I originally posted showed reporter Cal Perry recording multiple takes of a broadcast in which he talked about a spring buffalo hunt which would have Native Americans floating the carcasses down the Missouri River.

“The tribes here go hunting for buffalo and they go hunting north of the river,” Perry said in one take. “Because the buffalo is so heavy, they kill it and flow it down here and that’s of course, what they feed their families with. What happens when we float that buffalo down the river and the river is full of oil?”

The original YouTube upload of the incident has since been taken down, but I archived a copy expecting that might happen.

See the video at the link. I truly hope this video is entered into evidence at the DAPL suit currently being adjudicated.

“Because the buffalo is so heavy, they kill it and flow it down here and that’s of course, what they feed their families with. What happens when we float that buffalo down the river and the river is full of oil?”

I can't make this stuff up.

“Because the buffalo is so heavy, they kill it...

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Meanwhile, Where Fracking Contaminated The City's Water Supply 

Flint, Michigan -- we will ban fracking -- Hillary Clinton -- google it.

From NPR: Michigan ends water subsidies to Flint despite mayor's opposition. So what's the story?

It turns out Flint water now meets federal standards, but folks got used to getting their water for free -- or at least lots of it for free.

I can understand the mayor's frustration, sort of, but NPR? Yup, this is such a typical story for NPR.