Headlines

Mike Lee is the quiet force to get Trump acquitted

Bloomberg campaign vendor used prison labor to make calls for 2020 presidential bid

$34.4 billion ... Biggest shopping day in history ...

Pollak: Pelosi’s delay, by itself, denies Trump a ‘fair trial’

China, Japan and South Korea meet as North Korea threat looms

Trump jokes that North Korea’s ‘Christmas gift’ may be  a ‘beautiful vase’ not a missile test

Multiple reports of object traveling ‘at 1,000mph’ over Vegas ...

88% of students agree ‘Merry Christmas’ is not offensive

House counsel suggests Trump could be impeached again

IPOs overall beat the market this year despite some ‘mega busts’

Laser-linked satellites could deliver worldwide ‘Internet from space’ ...

Private investigator claims Hunter Biden under criminal probe for Burisma-linked money laundering

High Flyers

You might be curious as to why the stock market is taking a hit today .... particularly among the high flyers. My best guess: it is because there are 16 initial public offerings (IPOs) coming out this week and I think this selling among the high-beta stocks (Tesla, Facebook, etc.) is nothing more than the raising of capital to buy into these new stock offerings.  If these new IPOs start off with a bang ... which most suspect ... then this will do nothing more than inflate the total capital base of the U.S. stock market.

Unless of course, Russia invades the Ukraine and/or other former SSRs.