Monday, June 4, 2018

The Market, Energy, Political Page, T+500 -- June 4, 2017

T+500: President Trump says this is his 500th day in office, and rightfully suggests he has been the most "productive" president in modern history. Hard to argue with that.

Law: Wow, "you don't have to bake that cake if you don't want to." This seems incredibly common sense. It's amazing the US Supreme Court had to act on this. 7 - 2. But, there are still "larger" issues to address. That's fine.  Common sense plus a ruling of 7 - 2 really makes one wonder about the "legal thinking" of two of the justices. Imagine if I had walked into a bakery and asked for a cake with a request for an incredibly obscene graphic to be placed on it, and told the baker she had no choice: that she had to provide that incredibly obscene graphic.

Permian: I just happened to catch a few minutes of CNBC. Looks like operators in the Permian are taking a hit. This was another open-book test. Short-term, scary. Long-term, exciting. Another buying opportunity.

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Apple developers' conference: what has impressed me so far -- "group FaceTime." Up to 32 people can be on FaceTime event at same time. Teenagers are going to love this. One could easily apply this to daycare centers. Amazing. Up to 32 "tiles" -- one for each participant but 31 "tiles" miniaturize when the "talking icon" enlarges to fill much of the screen.  This is simply conference calling but knowing Apple it will be seamless -- no calling an operator to "link" everyone in. No calling ahead. Just simply calling in / clicking in and seamlessly becoming part of the 32-person group.

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