For an investor, the most useless thing: dry powder.
Boy, I'm going to take a lot of heat for that. LOL.
For more pilot rules of flying, click here.
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Great Mood
Media: my media bookmarks are decreasing in number. I have pretty much quit checking in on Drudge -- maybe once a day or every two days -- unless there are hints of really important news. If I don't see a rotating beacon, I move on. My go-to source for political op-ed: Power Line, or is it, Powerline? Whatever. Really, really good writing.
Fox News is the only news site I go to for headline stories.
For business news, Fox Business News.
Casualties:
- 0: 15 ballistic missiles targeting Iraqi air bases: 0 casualties
- 56: funeral march: at least 56 Iranians died in the funeral procession
- 176: Ukrainian airliner shot down by errant Stinger missile
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Profound
Before the speech:
- Dow up 48 points
- Dow up almost 200 points (later: up over 200 points)
- S&P 500: a new all-time high
- NASDAQ: at an all-time high
- WTI: breaks below $60/bbl
- oil companies down huge (share price)
Perhaps the best US presidential speech on Iran. Ever. And the speech lasted all of six minutes? About the length of the Emancipation Proclamation.
President: "Iran appears to be standing down." Standing down. Those words are only used by presidents when referring to "wars." If so, was this the shortest "war" ever -- overnight missile barrage with no US response?
Words being used by talking heads:
- nothing from the US Democrats ... yet
- dramatic turn of events
- "everything is telling us everyone is happy with this" -- the markets
- are the markets ahead of their skis?
- the speech: calm, measured, not bellicose
- speech could be translated into Farsi in ten minutes; will go viral in Iran
- anchors: best and brightest, it seems
- guests, analysts: excellent
- Varney: a bit too treacly
- Cavuto: good
