You’ve doubtless seen Fuentes’s case for white Christian dictatorship (under 3 minutes).
And maybe this one, too (30 seconds), where he says:
Here’s the pathway. We have one more election when white people can make the decision. It’s time to shut up, elect Trump one more time, and then stop having elections.
This is the guy Trump had over to dinner. Might the topic have come up?
On a relate note . . .
Here’s the difference between Tucker Carlson and the KKK (under 2 minutes).
(Trump’s dad was arrested at a KKK rally and Trump kept a book of Hitler’s speeches by his bedside. Of those torch-carriers chanting “Jews will not replace us” in Charlottesville, he said there were “very fine people on both sides.”)
It is the season of Leopoldstadt on Broadway . . .
. . . Camp Siegfried off Broadway.
(There really was such a summer camp on Long Island from 1936-1941.)
One searches one’s bookshelf for Philip Roth’s, The Plot Against America. I know it’s there somewhere.
But no need to search for a novel — there was a plot against America for real. The facts are jaw-dropping, as you know from listening to the Ultra podcast . . . and they eerily foreshadow the current plot 80 years later.
On another related note:
Putin is acting so much like Hitler. My friend Amed Khan files this report from Ukraine.
At this time of year, I look for stocks beaten down by sellers who don’t really care whether they get $2 or $1 or 12 cents if they paid $40 — they just want the tax loss.
Sometimes those losers bounce back after the first of the year once tax-selling pressure lifts. Sometimes they keep falling.
Hence a strategy to consider only for money you can truly afford to lose.
> APE, which is the clone of AMC, with all the same rights (but preferential treatment in a bankruptcy). Details here. It closed down 9 cents yesterday at $1.05, 90% off its $10.50 high. You might think the two would trade in lockstep, but AMC closed up a dime at $7.43 (AMC was a meme stock that, like GME, once sold at prices completely detached from value).
If two largely identical securities are selling at different prices, the normal Wall Street response is to buy the cheaper one and short the other. In this case, if you did that and AMC went bust, you’d lose a buck on your APE but make six bucks on your AMC short. Or if the company started gushing profits and one day merited a $10 price (say), you’d make $9 or so on each APE share while losing just $3 on your short.
That’s how it should work, as at some point the prices of the two should more or less converge. But what if, along the way, a short squeeze sends AMC to the moon (triggering a margin call that forces you to take the loss and ruins your life) even as APE just plods along around $1? Totally irrational; but if meme’ stocks have proved anything, it’s that speculators can occasionally go nuts. There’s no law against irrationality.
It’s scary, risky, difficult, and expensive to short AMC. I bought some APE this week and shorted a tiny number of AMC shares (at Fidelity; Ameritrade wouldn’t let me), just to see if I could.
We live in interesting times.
Quote of the Day
I do count my blessings, but then I end up counting those of others who have more and better blessings, and that pisses me off.~Bob Mankoff New Yorker cartoon caption
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