STOCK MARKET WATCH - Thursday, 7 November 2019

[Tansy_Gold]

STOCK MARKET WATCH, Thursday, 7 November 2019

Previous SMW:
SMW for 6 November 2019




AT THE CLOSING BELL ON: 5 November 2019


Dow Jones 27,492.56 -0.070 (0.00026%)
S&P 500 3,076.78 +2.16 (0.070%)
Nasdaq 8,410.63 -24.05 (0.29%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:







Gold & Silver:



Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread

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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[tclambert]

1. What Republican integrity are we supposed to remember?

I remember back to Nixon. Maybe Eisenhower had some integrity. I've read about Teddy Roosevelt, the "trust-buster" and "traitor to his class," but my personal memories are of Watergate, Iran-contra, waterboarding and other war crimes, and now everyday a new crime.

I think Republican integrity may be a myth.

[Tansy_Gold]

2. Nixon was the turning point

I remember the tail end of Eisenhower's era, the election of JFK, and on, but I can't saw I was a student of politics at the time.

Watergate was stupid, and it really was third-rate. How much of Nixon's quest for re-election in '72 was tied to avenging his loss in '60 and subsequent losses in California, I don't know. But while he was president, he did some good things, some honorable things. He wasn't a perfect person, but he wasn't perfectly evil either. Gerald Ford, at least in my opinion, was also a decent person, put into situations I'm not sure he ever really expected to find himself in. And maybe there were ulterior motives behind his pardon of Nixon, but I don't think -- still my personal opinion -- there was a completely corrupt motive. Partly corrupt? Probably, but not completely.

But Nixon had used the Lee Atwater Southern strategy that ultimately flipped the two parties on the major issue of race. The post-Nixon GOP was bitter and angry and ready for revenge after what they saw as his unfair treatment for what was made out to be a campaign over-reach but not a crime worthy of impeachment. At that point, integrity started leaving the party or the party left integrity behind, whichever is appropriate.

I think what cartoonist Bennett may be referring to is the winking out of the last bits of integrity within the various GOP officeholders. While the presidents and their administrations became more and more corrupt -- from Reagan and the Iran hostages and Iran-Contra forward -- there were at least some Republicans in Congress and in state offices who still had some honor. Now there are none.