This Is It -- This Is Where It All Ends -- April 19, 2022 -- Almost Two Years To The Day -- Update: Not So Fast -- Headed To US Supreme Court

Updates

Later, 6:53 p.m. CT: DOJ will appeal the judge's decision, reversing President Biden's statement saying "it was over." The mandate runs out in two weeks. By the time this gets to court, it's a moot point unless President Biden extends the mandate again. It's my impression that judges generally don't rule on cases that are moot. Legally, this is the right thing to do. Politically, this is the worst thing Biden could allow to happen. 

Meanwhile: Supreme Court rejects appeal from airman facing punishment over refusal to take vaccine; SCOTUS ruled against 35 Navy SEALS in a similar case last month. Reported by Fox, but in very small letters; easily missed.

Original Post 

The White House won't appeal the ruling. 

That speaks volumes about how serious they really took it. A simple filing would have put the ruling on hold. LOL. 

Contributor over at The Daily Beast absolutely "lost it." Thought it worst ruling ever. This is how periodicals like The Daily Beast lose their relevance. C'mon man, think about it -- the mask mandate was to have ended already and President Biden simply extended it for two weeks. For what? Who knows? 

Is that the real reason the market surged this morning?

What was it about airplanes, anyway -- cleanest air in the universe, bar none. 

Cause and effect? Halliburton's Jeff Miller expects North American customer spending to increase by 35% this year, up from 25%.

Everyone else: stagflation, inflation, recession. I'm sticking with HAL. 

June 18, 2015. Goldman Sachs forecasting $40-oil and possibly $20-oil.

As much as I love what I'm doing, I would rather be with my grandmother Reka fishing -- 1963 --  for bullheads in Storm Lake, Iowa. One summer, she had tallied 171 bullheads. And the summer was only 2/3rds over. 

Put your headphones on. Play this loud. Wow, what a great country. Look at the masks -- Sophia would have loved to have been there, dancing and doing handstands ... and cartwheels ... this is a cover ...

And then, https://www.youtube.com/watch?v=6uecFirb4T4. What a great country.

Where was I. Oh, yes, Big Oil's windfall creates a quandary for the industyr.

LOL.

From Bloomberg. What will the companies do with all their cash? Probably not drill more to help lower gasoline prices. I used to think Bloomberg contributors were able to figure these things out. LOL. 

Holy mackerel. Is anyone following the market today. I just took a look.

• Dow 30: up 550 points;
• NASDAQ: up 300 points;
• S&P 500: up 75 points.

This rally is not due to strong earnings. LOL. It's all about the mask. April 19th, 2022. It's over. Over. No matter how bad it gets, we're not going back. 

The three bellwethers I'm watching:

• AAPL: struggling early; now a bit of a surge;
• BRK-B: ditto;
• UNP: wow, there we go; after weeks of being negative, turns very nice positive.