by Penka Arsova
LaCorte News
New York Gov. Andrew Cuomo (D) said Monday that it’s “bad news” that a potential coronavirus vaccine might be approved and distributed under the Trump administration.
How we got here: Earlier in the day, Pfizer unveiled that an interim analysis showed their vaccine was 90% effective at preventing a coronavirus infection. The company’s product, which they developed alongside the German company BioNTech, is in phase 3 trials and will likely have enough data at the end of November to submit a request for emergency authorization from the Food and Drug Administration.
Health experts praised the results, though pointing out that many questions remain unanswered about the vaccine. It’s worth noting the FDA says a manufacturer must show the vaccine has at least 50% effectiveness and that Pfizer’s vaccine is the first, out of several other companies in phase 3 trial, to surpass the threshold.
Senate Majority Leader Mitch McConnell has not yet accepted the election outcome announced by the mainstream media and says President Trump’s allegations of voter fraud must be investigated.
Which weekend op-ed headline team are you on? “Libertarians Spoil the Election: Jo Jorgensen exceeds Biden’s margin in Pennsylvania, Nevada, Arizona and Georgia,” by Walter Block? Or “One Group Is Unreservedly Happy About the Election Results: Libertarians are pleased to have likely dodged the bullet of one-party government control,” by Liz Mair? (As you know, there can only be two choices in American politics…)
Some of my favorite movies are when a group of investigators tracks down “wrong-doers.” At first, they have only a few clues that are disparate and have little context. However, as the movie progresses, the clues coalesce into a meaningful outcome of catching the villain. In the financial markets, our job as investors is much the same. However, at the peak of bull market cycles, investors begin to ignore evidence at their financial peril.
Making the vote irrelevant makes secession relevant.
Indexes backed off sharply into the close. Dow gave up 800 points of its 1,600-point spike. Nasdaq -1.5%. Oil soared. Gold & silver dropped. 10-Year Treasury went rogue.
On Monday night, CNN host Anderson Cooper compared President Donald Trump to a dictator whose son reportedly drove around and shot people who were not supportive enough as the dictator’s regime came to an end.
Fox News cut away from White House Press Secretary Kayleigh McEnany’s speech Monday evening after “explosive” charges alleging Democrats are “welcoming fraud” and “welcoming illegal voting.”
A new poll suggests that 70% of Republicans believe the 2020 election was neither free, nor fair.
On March 12, 2020, the memo went out from the pen of Carter Mecher, bioterrorism expert at advising the Veterans Administration. It went out to public health officials and others from around the nation. Close the schools. Pull the trigger now. And it happened, and with it, civic freedoms we have long taken for granted – freedom to travel, operate businesses, go to the movies, even leave our homes – were taken away.
If courts uphold election laws, the vote fraud in the swing states will be overturned, and Trump will be declared the winner. There is no doubt about the vote fraud. The question is whether Trump in the face of media hostility, Antifa/BLM violence, and weak-kneed Republicans will have the support to see the fight to the end.
[…] Stocks had a grand pop and flop today, as the initial exuberance over a possible vaccine for coronavirus and the apparent win by Biden took a large exogenous weight off equities.
On the heels of gold and silver seeing a huge down day, one of the greats in the business said he was not selling any precious metals today. Plus energy leads the way and another golden opportunity.
Jevin Potvin died just as his father thought he might finally be turning a corner.