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Amazon & Technology Shares Lead 800+Point DOW Drop

When I saw this report the first thing that went through my mind was a question. Is there a chance that the reports that have exposed some of the shenanigans going on with Google and the various social media giants have had an effect on the high-tech related industries on the list in this stock market report? I think that’s something worth pondering. Perhaps it’s one of those unintended consequences we’ve heard a lot about.

Source: CNBC

Stocks sank on Wednesday as a steep decline in tech shares and worries of rapidly rising rates sent Wall Street on pace for its worst day in eight months.

The Dow Jones Industrial Average closed 831.83 points lower at 25,598.74 as Intel and Microsoft fell more than 3.5 percent each. The Nasdaq Composite plummeted 4 percent to 7,422.05.

The Dow also closed near its lows of the day.

The S&P 500 dropped 3.3 percent to 2,785.68, with the tech sector underperforming. The broad index also posted a five-day losing streak — its longest since November 2016 — and fell below its 50-day and 100-day moving averages, widely followed technical levels.

Both the Dow and S&P 500 posted their biggest one-day drops since early February, while the Nasdaq notched its largest single day sell-off since June 24, 2016.

Stocks have fallen sharply this month. For October, the S&P 500 and the Dow are down more than 4.4 percent and 3.3 percent, respectively. The Nasdaq, meanwhile, has lost more than 7.5 percent.

Rising rate fears and a pivot out of technology stocks have made it a rough last few days. The Dow has dropped four of the last five sessions.

Shares of Amazon declined 6.2 percent on Wednesday, while Netflix slid 8.4 percent. Facebook and Apple also fell more than 4 percent each. These stocks are top performers for the year and for most of the bull market. For the overall tech sector in the S&P 500, it was the worst day in seven years, dropping 4.8 percent.

“People are getting out of the high-flying tech names right now,” said Larry Benedict, CEO of The Opportunistic Trader. “I think people are under-hedged; there could be more pain ahead.

Here’s another thought for you. Do you suppose investors see the high tech industries as vulnerable due to their tendency towards a liberal viewpoint, especially considering the impending Red Wave in the upcoming election? There has been a lot of talk about censorship of conservatives in the social media platforms, and we saw FB take a pretty big hit not long ago, possibly due to a perceived decline of popularity of the platform. Then there is Nike, who made Colin Kaepernick on the payroll as their poster boy. Granted, the stock bounced back, but they took a four-plus billion dollar drop in value in one trading day. I’m by no means an expert in these areas, but if a rank amateur like myself can come up with these ideas, the more sophisticated investor would likely have better analysis than I do.

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Social and Political

[Video] ‘You’re Fake News!’ Trump Blasts Liberal Reporter Who Suggested He Was ‘Personally Attacking’ Pelosi

President Trump continued his practice of counterpunching Democrat insults this week at the White House. He was on his way board the helicopter on the South Lawn when he was stopped by a liberal reporter who tried to pin him down to an utterance of a supposed insult of Speaker Nancy Pelosi. Trump shut him up immediately, calling a spade a spade, letting the reporters know what he thought of their Fake News reports, and stood firmly on his decision to give tit for tat when insulted by Pelosi.

This from TGP:

President Trump had a fiery exchange with a liberal reporter from the South Lawn of the White House on Friday.

“What do you want to accomplish with your personal attacks on the Speaker — you’re saying she’s lost it–” a liberal reporter asked President Trump on Friday.

The President immediately unleashed on the reporter for his liberal bias.

“Excuse me!” Trump said. “This just shows how fake you and the news are! When you say personal attacks, did you hear what she said about me long before her? Did you? She made horrible statements. She knows they’re not true. She said terrible things so I just responded.”

Trump continued, “You think Nancy is the same as she was? She’s not. Maybe we can all say that…”

Speaker Pelosi got nasty this week and said Trump’s family should stage an intervention.

” I pray for the president of the United States. I wish his staff, or family or administration would have an intervention,” Pelosi said Thursday.

Trump refused to sit back and take these disgusting, personal attacks from Pelosi and hit back harder.

The President tore into Pelosi later Thursday and said, “She’s a mess… Let’s face it… It’s a do nothing congress… She’s lost it.”

Trump continued his attacks on the Speaker and posted a video of the 79-year-old Democrat stammering and slurring her way through a presser.

Pelosi is clearly not well. She is 79 years old and can’t even make it through a press conference without short-circuiting and she is third in line to be president of the United States –if anyone needs an intervention, it’s Nancy Pelosi.

Source: The Gateway Pundit

I couldn’t say it any better. The congressional Democrats have done absolutely NOTHING productive since the presidential election results returned Donald Trump as the elected president. They’ve wasted millions of dollars of our taxes on a nothingburger investigation that concluded when Robert Mueller’s report was released. Now, the best thing they seem to be able to come up with is to threaten impeachment proceedings. For WHAT?

Every one of the ones that have any corruption issues or other shady deals going on should be either cleaning up their acts and lawyering up or seeking immunity in exchange for a mountain of dirt on their colleagues. Knowing what a cutthroat reputation Pelosi has I would be very surprised to find out she doesn’t have a dozen or more attorneys in the wings lining up her excuses or getting ready to unload a mountain of accusations. Whatever they do it will likely have one of the “d’s” – distract, divide, dissent, detract…you get the idea.


 

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Social and Political

Illegal Alien Allegedly Rapes & Impregnates 11-Year-Old Girl In Arizona

Every time I hear another story like this I want to grab some of those Democrats who insist President Trump’s characterization of the border situation and illegal immigration as a “fake” emergency and make them sit with this little girl and her family and try to convince them why said Democrats think open borders is a good idea. Illegal immigrants committing violent crimes against American citizens are a HUGE problem, and we have more than enough evidence to support putting up the wall and posting appropriate guards in critical locations.

This from Breitbart:

An illegal alien has been arrested and charged with statutory rape after he allegedly impregnated an 11-year-old girl in Phoenix, Arizona.

Carlos Jacinto Cobo-Perez, a 20-year-old illegal alien living in the United States, was arrested this week after an 11-year-old girl’s pregnancy was confirmed at the Phoenix Children’s Hospital, according to ABC 15 Arizona.

According to the 11-year-old, Cobo-Perez got her pregnant when she skipped class to have sex with him in his car. The alleged statutory rape came after the girl’s mother had warned the illegal alien to stay away from her daughter because she says she found a hickey on the girl’s neck.

The girl’s mother told police she did not know her daughter could be pregnant with Cobo-Perez’s baby until she heard the illegal alien bragging about having sex with her daughter. The woman said she reported the alleged sexual misconduct multiple times to police but no arrests were ever made.

Now, the illegal alien is being held on a $150,000 bond for statutory rape. The Immigration and Customs Enforcement (ICE) agency has a detainer on the Cobo-Perez so that should he be released from prison, he will be turned over to federal agents for deportation.

Source: Breitbart News

So much of our illegal alien traffic would reverse itself if we cut off the financial incentives they have to come into the USA. They get free medical care, free schooling, free housing, and enough welfare in cash that they can send substantial contributions back to their families in whatever country they originate, to name just a few. What’s not to like about that? I heard some seniors jokingly say that they should renounce their citizenship, go south of the border, and walk back across so they could qualify for all that support. They would double their current monthly income and cut out their medical insurance costs, not to mention SNAP benefits. They could add a great deal to their quality of life as compared to their relatively miniscule Social Security payments and high medical bills.

Add to that the minimal to nonexistent penalties for crimes such as this man’s rape and impregnation of a pre-teen girl, it’s no wonder things are so out of control. So many people have been attacked and are suffering needlessly, and we have the vote-hungry globalist Democrats to thank. Their immigration policies and entitlements have created an open door that far too many non-citizens have exploited. It’s time for reforms, and time to BUILD THAT WALL!

 


 

To try Amazing and All Natural supplements that our founder David J Harris Jr had developed, click here!

Have you gotten your copy of my book yet? I personally handed a copy to our President at the White House!!! I hope you enjoy it !

BOOK – Why I Couldn't Stay Silent

Thank you for writing the foreword for it!!!

Follow David on Facebook, Twitter, Instagram, Patreon and YouTube @DavidJHarrisJr

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Social and Political

‘I Don’t Think the Party of Infanticide Is Exactly Praying for Anyone’ – Trump Jr On Pelosi’s Statement

A few days ago, I heard one of THE most … I’m not sure which adjective to pick … disjointed and phony-sounding phrases come out of Nancy Pelosi’s mouth. She said she was PRAYING for Donald Trump (among other peculiar ramblings). Check out the video of Donald Trump Jr’s interview on Fox & Friends where they talk about that and other issues with the Democrats. The Pelosi part of the video starts at about the 2: 00-minute mark. (The first two minutes are an easy watch, however, as is the full clip.)

This from Breitbart:

Thursday on “Fox & Friends,” Donald Trump, Jr., son of President Donald Trump, reacted to House Speaker Nancy Pelosi (D-CA) saying she is “praying” for the country and the president as she talked about impeaching him.

The younger Trump noted that the “party of infanticide” is not one that participates in “praying for anyone.”

“I don’t think the party of infanticide is exactly praying for anyone,” Trump said. “That’s not what they do. We get that. It’s just a constant attack on American values, on Democracy.”
He continued, “Honestly, this election, 2020, it’s about communism versus freedom. You can choose.”

WATCH:

Source: Breitbart News

Don Jr summarizes many good points here. The Democrats are doing anything BUT fighting a “fair” fight on a level playing field.

One of the things we are seeing that is being aired on non-MSM outlets is the fact that Democrats are running scared now that the Mueller report has exonerated President Trump. They’re neck deep in collusion of their own, and they have just failed in their efforts to perpetrate a coup to unseat a president, an act of treason that has never been tried before in the history of our country.

The ultimate penalty for treason is the “necktie party” like they used to do in the early frontier days so that in itself should have been enough of a deterrent. It may not be the most pleasant thought, but I believe if just a single conviction was handed down and one of them got their neck stretched, the rest of them would sing like the proverbial canary to try to improve their chances of survival. I think it’s doubtful that we’ll ever know the full extent of the corruption many of these lifetime political crooks have committed.

 


 

To try Amazing and All Natural supplements that our founder David J Harris Jr had developed, click here!

Have you gotten your copy of my book yet? I personally handed a copy to our President at the White House!!! I hope you enjoy it !

BOOK – Why I Couldn't Stay Silent

Thank you for writing the foreword for it!!!

Follow David on Facebook, Twitter, Instagram, Patreon and YouTube @DavidJHarrisJr

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