E Good Day For Bad News

After the feasting, it is hard to buckle down to catching up on the news, particularly since we only got one newspaper today, our local NY Times. The stock market closed at 1 p.m. It is a good day for revealing bad news since many people are still recuperating from overeating yesterday.

I wonder how Donald Trump will manage a self-pardon like the one he gave to Michael Flynn.

The new Supremes decision against local regulations cutting worship attendance is a perfect recap of the Pilgrim Fathers, who escaped Britain to be able to worship as they pleased, spending the whole of Sunday on their knees and dining on warmed up baked beans because they would not use fire on the Sabbath any more than Orthodox Jews will today. The difference is that the pilgrims did not have a Shabat Goy they to discretely light fires to get warmth and warm foods without doing it themselves.

It reminds me of the Pilgrim Hymn I was taught as a child before that stuff was outlawed:

“We gather together to ask the Lord's blessing

He chastens and hastens His will to make known

The evil oppressors turn into confessors

Sing praises to His name, He forgets not his own.”

Maybe that will stop infections at churches and synagogues, but I think it unlikely.

China has opted to put tariffs at as much as 212% on Australian wine imports. We will have to fill in the gap by buying more ourselves. Oz got into trouble for questioning the official line on the origin of the corona-virus. Beijing doesn't accept criticism. The way Jack Ma was removed as CEO at Alibaba for criticizing banks confirms this. Do not mention Uigurs if you want to operate in China.

My broker Javier Lopez explained what Perform means in brokerage analysis at Oppenheimer & Co. It means the stock did as expected, and corresponds to neutral or hold. The foreshortened market is a good place for revealing bad news.

*Greencore GNCGF, sold, is down 15.69% today after a money-losing quarter. The Irish ready-meals firm fell 14.3% yesterday in London trading.

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William K. 1 month ago Member's comment

Too bad about the drug tests not being quite right. If that was the hateful double-blind test, while perhaps the old folks got all of the fake medicine. No telling because the whole concept is so very wicked and cruel. But the back-tracking certainly dispels confidence.

Kurt Benson 1 month ago Member's comment

It seems to me, once the truth came out, it was BETTER news. Due to an error, a smaller group of test subjects accidentally received an initial half dose, instead of a full dose. But those individuals ended up with 90% efficacy. Far better than the 62% efficacy from the other participants that had the full dose (and the 70% average that they advertised). Now they will redo the trial, but this time will intentionally use a half dose. The result should be 90% efficacy.

Ayelet Wolf 1 month ago Member's comment

I thought this as well. 90% efficacy is almost as good as the 95% efficacy of the #Pfizer and #Moderna vaccines. But is a much cheaper alternative. Bullish on $AZN