Friday, December 28, 2018
Wednesday, December 26, 2018
The Dow Jones industrial average surged 1,086.25 points on Wednesday — its biggest single-day point gain ever — more than offsetting the 653-point drop in Monday’s shortened session, which had made history as the worst-ever Christmas Eve for the blue-chip index.
Both the S&P 500 and Nasdaq joined in Wednesday’s rebound, climbing 5 percent and 5.8 percent, respectively. Nevertheless, analysts warned that the gains don’t necessarily spell the end of the volatility that has plagued markets in recent months.
The longer investors are negative, it becomes like a coiled spring,” Jack Ablin, chief investment officer at Cresset Capital, told The Post, referring to Wednesday’s quick rebound.
“Incremental good news is going to be taken as fantastic,” he added.
“Incremental good news is going to be taken as fantastic,” he added.
Even with Wednesday’s gains, the Dow is down 7.4 percent for the year, while the S&P 500 and Nasdaq are down 8.3 percent and 5 percent, respectively.
“We’re in for a relief rally that could last a couple days … But that doesn’t change the overall trend,” Peter Cardillo, chief market economist with Spartan Capital Securities in New York, told The Post.
Wall Street was juiced early Wednesday after Mastercard
with shoppers shelling out $850 billion for gifts.
“This shows the US consumer remaining resilient despite market headlines,” Mona Mahajan, US investment strategist at Allianz Global Investors, told The Post.
Also helping Wednesday’s rally was roughly 8 percent jump in oil prices following weeks of steep declines.
Tech stocks, which have been battered in recent weeks on privacy concerns, also got a boost.
But with an absence of solid economic data until the new year, analysts were hesitant to say the rebound would continue for the last few trading days of the year.
“Emotion doesn’t take a bear market and turn it into a bull market,” Ablin said.
“For this rally to represent the bottom, we would need help from other fundamental measures,” he added.
The Labor Department will report jobs figures on Jan. 4, and companies will start reporting their fourth-quarter earnings soon thereafter.
Wednesday’s rally came on the heels of a Monday rout that developed as investors struggled to decipher a flood of messages from Washington and ultimately decided to put their cash on the sidelines instead.
Monday’s sell-off, which had both the Dow and S&P 500 flirting with bear territory, followed a bizarre Sunday night tweet from Treasury Secretary Steve Mnuchin in which he said he called the chief executives of the six largest banks in the US and was assured they have “ample liquidity.”
The tweet, while said to be well-intentioned, had the opposite effect, leading many to wonder why the calls were necessary at all.
Adding fuel to Monday’s fire were tweets from President Trump, who continued his attacks against the Federal Reserve, claiming the central bank is “only problem our economy has.”
Discord in Washington — which now also includes a partial government shutdown —made already skittish investors run for the exits on worries over Mnuchin and Powell’s fates in DC.
But Kevin Hassett, chairman of the Council of Economic Advisers, said their jobs were safe.
“The president has voiced policy differences with Jay Powell, but Jay Powell’s job is 100 percent safe,” Hassett told the Wall Street Journal (paywall) Wednesday.
”I am highly confident that the president is very happy with Secretary Mnuchin,” he said in a Fox Business interview.
NASA puts return to moon in crosshairs with ambitious timetable
NASA is buzzing with excitement these days about its ambitious new mission to return to the moon — this time to stay.
The agency set an aggressive timetable to have the Gateway space station orbiting the moon by 2024, then begin ferrying astronauts from the station to the lunar surface sometime after 2026.
From Dahboo 7
And that is just the beginning.
Gateway also will serve as an outpost for deep space science and exploration, including a manned mission to Mars in the 2030s, according to NASA.
The timeline, which some scientists say is overly optimistic, isn’t fast enough for President Trump, who dreams of sending humans on the 33.9-million mile journey to the red planet during his administration.
“We want to try to do it during my first term or at worst during my second term. So we’ll have to speed that up a little bit, OK?” he quipped in a video call last year with NASA astronauts aboard the International Space Station.
The president likely will have to make do with getting astronauts aboard Gateway before the end of a potential second term.
Just hitting the 2024 goal will take major technical feats and a bunch of cash. So far, the Trump administration and Congress have kept the money flowing, with $19.5 billion in 2018 and $19.9 billion teed up for 2019.
NASA has spent years drafting plans for Gateway, officials known as Lunar Orbital Platform-Gateway or LOP-G, but the space agency has not yet built any of it.
The design for the 55-ton orbiting station consists of several components: a power and propulsion unit, a habitat module to house astronauts, an airlock section where spacecraft will dock and a massive robotic arm.
The first section NASA wants to finish is the power and propulsion element, currently scheduled to deploy in 2022.
If everything goes according to plan, the next pieces — habitat and airlock modules — would quickly follow. They would be delivered by the agency’s new deep space rocket, the Space Launch System or SLS.
By S.A. Miller - The Washington Times - Monday, December 24, 2018
Sunday, December 23, 2018
Episode 44 - by Decentralized Talk
This week on Decentralized Talk
This week we have an extremely interesting and informative interview with the CEO of Minds.com, Bill Ottman. We deep dive into what Minds is, the problems with the current social networks, and how Minds is looking to solve them.
Is Minds another Facebook?
So, what exactly is Minds and do we really need a new social network? Simply put, unless you like having your data mined, shared, sold, and reviewed; you should learn about Minds. After the 2016 US ... See More presidential election and the debacle of Cambridge Analytical, the world got a glimpse of the true power of Facebook and social media.
Will Minds steal my data?
In the digital age, where data rules all; huge corporations like Facebook, Google, Microsoft, and Apple have the ability to manipulate information at will. Minds is looking to change that. Listen this week to hear Ottman explain how they intend to do so.
An open-sourced future awaits.
Minds is an open-sourced social network so everyone can see the algorithms that make up your personalized feed. Minds also does not mine your data or have default opt-in settings where privacy is all but surrendered to the company.
Crypto minded communities
Minds also integrates cryptocurrencies to pay content creators and viewers for their time. Ads can also be paid by using the Minds tokens, meaning the platform forms as its own small economy. Reports are that Facebook has been looking into implementing cryptocurrencies into their business model too. Time will tell if those rumors are real.
There are always downsides to everything, though.
Giving power back to the people doesn’t come without its risk and possible downsides, though. Some users have reported their feeds being polluted with stories and posts that are offensive or non-relevant to them. Bill Ottman’s answer to that complaint is that the “boost” feature (ads) helps weed out the echo chamber effect and as the community grows, these issues will shrink. We also discuss a few other risks in this week’s episode.
Ottman’s passion project
We go into detail about Ottman’s ideals, why he created Minds, how he sees the current system of social media, and how he believes Minds will revolutionize the industry. Ottman is passionately against the current trend of societies loss of privacy and wants to do something about it.
Make sure to tune in!
Join us this week when get to ask Bill Ottman about all about his vision and opinions on security, privacy, censorship, and a more decentralized world. We ask questions that will only be heard on Decentralized Talk. We also agree with the vision of a more decentralized world with better transparency. Minds is trying to do their part and we loved having their CEO on the show. Give this weeks episode a listen on any streaming platform you choose. If you enjoy the show, send us a like and subcribe to make sure not to miss our latest episodes!
Thanks so much for everyone that tunes in every week. We love every one of our audience members. As always Cryptos…
Saturday, December 22, 2018
What a crazy week...
Here is a slide show for your enjoyment..
President Trump orders troop withdrawals from both Syria and Afghanistan. The Secretary of Defence resigns. The Government shuts down.... The DOW plunges... Funding for "The Wall" is .... what delayed And a major airport in Great Britain, (Gatwick) is forced to shut down do to a Drone flying around. .....did I miss anything..? Probably.
Operation Secret Santa.... # 8
~~~~. Minds boycotts Google, Facebook, Patreon. And an interview with Minds.com Co-founder Bill Ottman
Over the past few years, countless businesses and individuals have experienced a pattern of unethical and anti-competitive practices from Google, Facebook and other closed-source networks. These unfair practices, that we know of, include excessive surveillance, data mining, algorithm manipulation, subjective bans, inconsistent enforcement of terms and even complete de-platforming.In response, Minds is suspending our support of all Google and Facebook products until the above mentioned items are resolved. Centralized payment platforms like Stripe (which powers Patreon) and PayPal have also been removed from our monetization systems and we are working tirelessly to evolve the Minds token into a true solution for creators. The beauty of the blockchain is that it cannot be censored. For Android users, our mobile app can now be downloaded here: https://minds.com/mobile (also located in our footer under "Android"). A free and open Internet is our goal, and we urge others to join us. Privacy focused alternatives such as DuckDuckGo, Brave, Minds and many others are emerging and gaining momentum with this strategy. Let’s boycott Google, Facebook and other networks’ manipulative business models relying on proprietary software, censorship, surveillance and unfair monopolistic business practices. The movement to #DeleteFacebook and #BanGoogle is already underway (recently featured on Redacted Tonight and CNET). The platforms we give our energy to will become the future of the web. Minds is prepared to take any and all steps necessary to protect your digital rights. We are powered by freedom -- the most powerful idea in human history. So we ask for your continued support in the ongoing fight for a free and open Internet by staying active on Minds and inviting your friends to join. Sincerely,
The Minds Team