Authored by Bonner & Partners' Bill Bonner, annotated by Acting-Man's Pater Tenebrarum,
Free Money!
Last week, the Dow punched up above 19,000 – a new all-time record. And on Monday, the Dow, the S&P 500, the Nasdaq, and the small-cap Russell 2000 each hit new all-time highs. The last time that happened was on the last day of December 1999.
Submitted by Michael Lebowitz via 720Global.com,
"All is for the best in the best of all possible worlds" – Voltaire (Candide/The Optimist)
Consider the media headlines and stories published before and after the presidential election.
Before the election:
After budgeting just $1.1mm for the Wisconsin recount, Jill Stein got a bit of shock yesterday when the Wisconsin Election Commission gave her until 4:30pm today to deliver $3.5 million to fund an expedited recount effort in the state or walk away. Now, according to the Washington Post, Stein has just delivered the required sum which is roughly 54% of the $6.5mm she's raised to date.
When Jill Stein was the Green Party’s candidate for U.S. president, the networks only gave her 36 seconds of coverage.
However, as NewsBusters' Mike Ciandella details, as soon as she launched a campaign to contest the presidential election and demand a recount of ballots in several key states, the evening news shows on ABC, CBS and NBC managed to find 7 minutes and 26 seconds of coverage for her in just four days.
That's more than 12 times as much coverage as in the entire campaign.
Democratic representative Tim Ryan of Ohio is a long shot to unseat Nancy Pelosi in the vote for the minority leadership position to be held tomorrow, but he's convinced that "a lot of people are going to be surprised" by the vote tallies.
“I think a lot of people are going to be surprised tomorrow.”
“I think we need a change. Again, we’re at the smallest number we’ve had in our Democratic caucus since 1929.”