Apparently The Market Is (NOT) Unhappy With President Biden And His Administration's Policies -- June 15, 2023

Locator: 44944BOOKS.
Locator: 44944MKT.

Updates

2:28 p.m. CDT, thirty minutes before the close -- FOMO --> short squeeze. 

Huge short squeeze across the entire market -- I watched one minute of CNBC just one minute ago, and they missed it, based on the questions being asked.

But when the market does this, this fast, it's always FOMO --> short squeeze, which will then turn to profit-taking within one week, usually within 72 hours, and sometimes the very same day. Watch for FOMO --> short squeeze --> profit-taking.

Original Post 

Imagine where "we" would be -- today -- if the "debt ceiling" bill had not been passed and "we" -- the United States (plural) -- were in default.

Yeah. Biden, Schumer, McCarthy got that passed. And passed with days to spare. And the morning after it was signed, that was the end of that story. The story simply disappeared.

Did anyone send any of their elected representatives or any of the three individuals named above a "thank you" note? That's what I thought. LOL.

It certainly appears "traders" are happy with the Biden administration today. I am. WTI is up around $2/bbl in late morning trading, and is now above $70 again. CVX? Up very nicely. Thank you, Mr Biden.

For those who sold in May and went to Disney World, sorry. Not sorry. Disney World is awesome. Good for you.

The market surges on "no" action by the Fed. What a great country.

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The Book Page

My library time will be very short today. I have a luncheon engagement.

The book today: A New Literary History of America, edited by Greeil Marcus and Werner Sollors, c. 2009.

I need to get caught up with new authors.

219 entries / 219 authors, covering the period from 1504 AD to 2008, an entry by Barack Obama, the last entry in the book.

I will skip and choose.

This is a great book for a stay-cation. It will not fit in your carry-on or your checked bag. Hardcover, just short of 1,100 pages.

Due to short time in library today will jump ahead to page 973:

• "1970; 1972: Anne Koedt publishes The Myth of the Vaginal Orgasm"; and the movie Deep Throat is released.

I have never read the book; I assume it's banned in most schools that I would have attended, and, of course, it was published after I left those schools.

With regard to the movie, I did see bits and pieces (literally and literally) in medical school. I don't recall if we saw the whole movie in class. I'm not sure if Deep Throat was taught during our psychiatry rotation, reproductive rotation, or somewhere else. In hindsight, anatomy was taught in our first year and that would have been most appropriate, I suppose. 

I've not see the movie since. I have no idea if it has held up well (or held up at all). 

Someday I have to get back to the Amazon Original, the Hugh Hefner documentary.  I alluded to it only a few weeks ago.