(Review) Doctor Who: Ascension of the Cybermen
Wednesday Clutter: Trump and the Coronavirus, Wall Street, Boston Red Sox, New York Yankees, One Chicago, Bon Jovi, and more

Tuesday Clutter: Harvey Weinstein, Coronavirus Fears, Trump, Mitch McConnell, Krispy Kreme, Metallica, Robert Plant, and more

Hi everyone,

Welcome back!  How are you?  It's Tuesday, and you know what that means - I'm off to look for a new book for BDH and Little Buddha after we're done here.  They've got about 100 pages left in the one they're reading now, so I've still got a little bit of time, but hopefully I'll find something they'll think is interesting.  As always, if you've got any recommendations, feel free to drop us a line at info@clearingouttheclutter.com.  In the meantime, the guys made coffee, so grab yourself a nice medium DD, because it's time to clear out some Clutter.

It's terrific news that Harvey Weinstein was found guilty on two charges of sexual misconduct yesterday.  The disgraced movie mogul was convicted of criminal sexual assault in the first degree and rape in the third degree.  He's being held in custody until his sentencing on March 11, where he is looking at a total of about 6 -29 years in prison.  (Weinstein is also still facing additional charges in California.)  We have to admit, we thought there was a good chance he'd be acquitted on all counts, because rich white men generally don't get punished for anything in America, particularly sexual assault.  However, the justice system worked for once, as a sexual predator is being taken off the streets.  We hope this provides some consolation for Weinstein's victims.

Harvey Weinstein February 25 2020Harvey Weinstein finally faces repercussions for his actions.  (pic via abcnews.go.com)

The World Health Organization (WHO) says the coronavirus isn't a pandemic yet, but countries need to do more to prepare for the possibility.  The Trump administration is finally getting off its backside and requesting $2.5 billion to fight the problem.  The odds are strong that this move was driven by stocks falling on Monday because of concerns over a spike in the number of cases.  (See the next item.)  Donald Trump doesn't care about public health.  He just wants to make sure he can brag about the stock market during an election year, which makes his corruption even more dangerous than usual.   In any case, House Speaker Nancy Pelosi says the request is too little, too late, and it sounds like the House will offer its own proposal. 

As we mentioned, yesterday was a bad day on Wall Street, as fears about the coronavirus continue to spread.  The Clutter investment team would like to take a step back for one second to remind everyone about something:  News organizations love to yell, "the Dow fell over 1000 points yesterday!" because it makes for a more dramatic headline.  However, because the index is so high these days, that's "only" a drop of about 3.5%.  It's certainly not a good day, but it's not nearly as scary as when you go by the number of points involved.  Having said that, this could be an ugly stretch for stocks, because the world seems primed for a full-fledged panic, if we're not there already.  This is where it's important for investors not to make fear-driven decisions.  Keep your eye on the long-term perspective.

Donald Trump went after Supreme Court Justices Ruth Bader Ginsburg and Sonia Sotomayor on Twitter yesterday. 

Senate Majority Leader Mitch McConnell is taking a pause from his crusade to rush through as many judicial confirmations as possible, because conservatives always have time to vote on anti-abortion bills.  Their never-ending war on women is the only thing that comes close to making Republicans breathe as hard as they do for tax cuts for the wealthy.

There's another Democratic presidential debate tonight, and it's got all sorts of storylines:  1) Expect everyone to go after Bernie Sanders.  2) Elizabeth Warren needs to follow up on her strong Nevada debate performance, and continue to force her way back into the story.  3) Mike Bloomberg needs to avoid getting destroyed again.  3) Joe Biden needs to prove that he's still relevant.  5) Pete Buttigieg and Amy Klobuchar both need to find a way to knock out the other one.

Mike Bloomberg made it clear at a 2016 event that protecting banks would be a priority if he was president.  We're still wondering why Bloomberg didn't just primary Donald Trump, when he's obviously a Republican.  Like Trump and the rest of the GOP, Bloomberg seems to be scornful of about 99% of the country. 

We're so sorry to hear that New England Holocaust Memorial founder Stephan Ross died yesterday at age 88.  We can't begin to do justice to his story here, so please take a minute to click on the link and read that article.  What an amazing life.

Krispy Kreme is launching a nationwide delivery service on February 29.  How often do people sit at home and think, "What I really need right now is a box of a dozen glazed donuts brought to me?"  Wait, it turns out the DD mothership has been doing this for years.  How did we not know that?  The only time we're near a Krispy Kreme is when we go to Florida for spring training, because there's a store a short walk away from our hotel.  It's probably best we still walk to and from the shop and burn off a few of those calories.  As always, feel free to send us a review if you use the service.

There was an emotional memorial service in Los Angeles yesterday for Kobe Bryant, his daughter Gianna, and the other eight victims who died in that helicopter crash in January.

There's even more pressure on Boston Red Sox pitcher Nate Eovaldi to perform well this year, now that the team traded David Price.  Boston's season will largely live or die based on how well Eovaldi and Chris Sale perform, so it's good to see that the righty's first outing of the year went well yesterday.  Now he needs to build on that and most importantly, stay healthy.

Of course Mookie Betts is fitting in well with the Los Angeles Dodgers.  If anyone can't get along with Mookie, that says more about them than it does him.  This is going to be a long year of generally trying to avoid Dodgers highlights.  Let's move on...

The Houston Astros were booed in their first spring training away game yesterday.  They should get used to that, because they're going to hear a lot more of it this season.

Metallica announced they are cancelling several music festival appearances this year because the dates conflict with events related to maintaining James Hetfield's sobriety.  That's certainly disappointing for the fans who are going to those shows, but good for the singer for doing whatever he needs to in order to protect his health.

Okay kids, that's it for now.  Here's Robert Plant to close things out with, "Ship of Fools," for today's, "Song of the Day."

Thanks for stopping by, everyone.  It was great to see you, as always.  Enjoy the rest of your day, be good, and we'll catch up with you again soon.  Until next time, that's today's Clearing out the Clutter, and we are outta here.

 

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