50,000 new infections! That's right, that's the 5th time in the past 7 days the US has hit new all-time single-day highs in infections. ; Over in Japan, six weeks after Tokyo lifted it's State of Emergency, they are back to their May highs in daily infections. ; At this point, I don't think there is much to do about it. ; Clearly humanity has no taste for the obvious way to control the disease and very clearly Americans don't. ; Maybe the "herd immunity" crowd was right – cows don't go into lockdown when a disease strikes – some die, some don't and the rest of the herd moves on… I don't suppose a cow puts much thought into it's… [Read More...]

Holy cow! ; ; As you can see from the chart, over 20% of the people who are tested in Arizona do, in fact, have the Covid Virus. ; Not much better in Florida and anywhere were 1 out of 10 people have the virus it's pretty much game over for containing it. ; We did have it contained – but Trump was so eager to call that a victory that he opend up the cages and now we are all Christians that have been thrown to the viral lions by our modern-day Commodus. ; Maybe in the future, we'll call the toilet a Trump, instead of a commode ;in his "honor"… ; That's right, Commodus was the son of the popular Marcus Aurelius but, as Gladiator fans surely… [Read More...]

Yes, I am being lazy (some would say efficient), this is Friday morning's Report because not much is going on and these Reviews take forever to write so I'm getting a jump by doing them as we go along today. $1,405,302! ; ; That is up $271,547 (24%) ;for our paired portfolios since our last review and we've made very few changes to the LTP in the past month – the market's move higher just worked well for our leveraged positions, which are still pretty bullish from that bottom action in March. ; The S&P 500 was at 2,863 back on May 15th and now it's 3,135 – up 272 points is right about 10%. ; That's why we keep spending money on those hedges in our… [Read More...]