DRAFT SET FOR SUNDAY, AUGUST 24TH, 7:15 PM.
Yes, this is the league that David Ovalle was too scared to join last year. This is the league that saw hot shot federal trial lawyers humbled by injured running backs and gimpy wide receivers. This is the league that even confounded yours truly, despite our genius drafting of the best player in the league-Peyton Manning.
Last year we had twelve players, two divisions of six. We can expand to 15 (three divisions of five) 18 (three divisions of six) or twenty (four divisions of five). If you want in, and are not "ascared" like some Charger loving journalists, shoot us an email and in twenty five words or less tell us why DOM can't draft as well as he can try a case.
TO HELL IN A HANDBASKET
We returned from a long weekend/short trip- this past Monday ( client meetings in NYC and Boston, weekend at the Cape) and despite having to immediately plunge into a trial with evidentiary motions on Monday due to the complete stupidity and ignorance of a black robe wearing, gavel banging, never made a dollar in private practice and never tried a case so-I-don’t-understand-why-you-are-upset-at-me-setting-this-trial-the day-you-return-from-vacation…., here’s what we saw whilst perusing the headlines:
More death and destruction in Gaza, with the US unable to influence either party to agree to a ceasefire until they were ready;
Russian troops massing on the Ukraine boarder; Russia/Putin impervious to US-European sanctions, the US unable to influence Putin and Russia;
Ebola Virus breaking out in Africa; the US and World Health Organization seemingly unable to restrain the virus despite a burgeoning effort of money and expert doctors being thrown at the problem.
The Fed is going to raise interest rates, probably in January, but study closely the guidance they give at the September FMOC.
Last night President Obama authorized the use of airstrikes in an Iraq, which is a nation now in name only. After 13 years of war and US blood and treasury, we end up with a fractured country more divided than ever between Sunni and Shiite Muslims. And all the President’s officers and all the President’s F-22 strikes won’t put Humpty Dumpty back together again.
The stock market bull is running hard, but shows disconcerting signs of wheezing and weakening at uncontrollable events like Russia-Ukraine-Gaza- Africa.
It’s a brand new world folks, and it is seemingly teetering on the brink of disaster everywhere you look.
So Rumpole advises,
1) Buy land in the interior of the United States. Wyoming, Montana, Tennessee, Oklahoma, Western North Carolina, Wisconsin, Michigan. And make sure that land has….water. Lots of fresh water. Just ask the people in California about that.
2) If you’re in stocks, go to cash (sell into this "rising market", don't panic sell). If you want to play the market buy the SQQQ ‘s and short the Nasdaq.
3) Buy gold. Buy this stock: GLD which is a Gold ETF. Short Groupon (Coup), or sell the calls and buy the puts, which we have done from August through November.
This market is headed for a correction folks, and the more it staggers in August and September, the more an October correction (or worse) looks highly likely.
(As we're writing this, CNBC just reported that McDonalds missed it's number big time. The stock is down.)
And please, do your homework and do NOT invest on our (expert) word alone.
Sit tight and hope for the best and prepare for the worst. The US economy is improving, but slowly and fitfully, and there are a lot of underlying significant issues that could plunge us quickly back into a recession and a rough bear market.
Hang tight. See You In Court.