SAO SPAM ALERT AND MARKET UPDATE

 Tuesday update: Markets are set to open higher. Rumpole advises caution for the short term but buying for the long term (meaning you do not need this money for the next 12-24 months )  Apple and Amazon below 200 are strong long term buys. Same for Nvidia under 100.  But remember the idiot is imposing more tariffs on China and 🇨🇳 cannot capitulate, so settle in for a long trade war.  What the idiot doesn’t get is China makes products integral to US products like cars and many electronics (including many for munitions) and some pharmaceuticals that cannot be made anywhere else right now.  All that will happen and is starting to happen right now  is that middlemen in Europe are buying the components to resell to the US at … wait for it- higher costs.  

If you need some money then use today to sell into the small strength to get out.  As we will see markets mostly lower tomorrow and the week on the China news - offset by some likely tariff deals with Japan, Korea, and that massive US trading partners Sri Lanka and Vatican City. He’s such an idiot.  

The SAO has had their email hacked. Lawyers are getting spam email about non existent zoom meetings and money owed. 

Do what we do. 

Don’t open their emails. Ever. Like on any day for any reason.  If it’s important enough they will call. Then don’t take their call. Because they can’t be trusted and it’s all nonsense anyway (“victim wants max blah blah blah “ like how the adults talk in the Charlie Brown cartoons. ). 

UPDATE  Now we learn some SAO misdemeanor supervisor is unhinged and ordering underlings to revoke bond on driving cases because they are feeling insignificant and don’t understand that we get people bond on murder cases and in only rare rare circumstances should anyone be held in jail on a misdemeanor pending trial. 

To put them in their place - if you decide to open their email and send it to us we will review the case and splash them all over the blog as a lawyer dumb and inexperienced enough to try and put people in jail pretrial for a driving case. And if they think it’s good enough for court then they should have no problem with the publicity we will bring them - until someone with experience steps in and shuts them down. 

MARKET UPDATE 

We are not at a bottom.  Don’t try and bottom fish yet. As Jim Cramer said on Friday. If you bottom fish Friday you sleep with the fishes Monday. 

What we have this week is the idiot threatening China with additional 50% tariffs Thursday unless they remove their tariffs and agree to fund more Jackie Chan movies. Or something equally as stupid.  

Just watch. Nvidia fell to 87 before rallying.  You’re not going to catch the bottom.  But buying it at 105 this week or next will make you a whole lot of money in late 2025-2030. So just be patient.  

Watch Vietnam. They are actively working to remove all tariffs on all trade between Vietnam and the US.  If they make a deal others will follow and the market will rebound  

What do you call a tyrannosaurus under stress? 

Nervous Rex. 

Trade wisely. And don’t open SAO emails. Your life will improve measurably. 

WHEN YOU'RE RIGHT YOU'RE RIGHT

 Feb 2015 When you are right you are right!

WE AGREE 

NO EXCUSES! 

And when you're right- you are right. "Tariffs are a sure road to doom and disaster." 

Well said Mitt. 

WHAT TO DO? 

We do not love giving investment advice on this platform. But here's a few things to keep in mind. The greatest stock investor of our generation- Warren Buffet said this: "When people are fearful be greedy. When people are greedy be fearful."  The VIX- known as the "fear index" went from mid-teens during the bull market last month to over 30 on Friday. People are fearful.  So do with Warren Buffet said to do. Be greedy. 

Amazon is, after Friday, trading at 15 times cash flow- the lowest in its entire history. Free cash flow is expected to grow 33% a year for the next five years. Its forward PE is similar to 2009. They are building their own chips. They currently deploy 750,000 robots. They have the 3rd largest digital ad business. $amzn is a Rumpole buy. 

So is Nvidia. It is the leader in AI chips and its moat is at least five years wide. There are 300 Billion with a B commitments to new data center spending for FY 2026 and that is firm. and 95% of that spending will include putting Nvidia's new generation of chips in those data centers. Nvidia is the only AI chip game in town for the next five years. If you have ANY worries (and Nvidia has literally doubled our own considerable wealth in the last 18 months) then Taiwan Semi Conductor is a solid second choice. Semiconductors are exempt from the tariffs and $TSM has committed to investing 100 Billion with B dollars in US manufacturing plants over the next four years. #TSM is playing the game and the current administration the way it needs to be played. 

Final thought. The 20 worst days in stock market history since 1970 have been followed by ten of the best days over the next month. 

Look at it another way. There is not one time- NOT ONE- that a stock market correction has not been followed by a larger rally, Not one time. True- the 2007 downturn took five years to recover. But that was an anomaly. Usually a large downturn is followed by a larger rally within six months. Think of what happened during Covid. The shutdown caused a massive selloff (we began our third serious accumulation of Amazon at that point- our first was 1999) which was followed by a sustained rally. If you do not need the money today, tomorrow, or next week, the time to buy is coming up. 

The market has not hit a bottom. The bottom occurs when everyone who is afraid has sold all they have. There are technical indicators we use to find a bottom- and it is near. But if you do not care to time the market, and have a 1-5 year horizon on investing, then just start buying. 10 share of Amazon and Nvidia every day until you've spent your nest egg. Then relax, have a beer and watch some baseball.  

If you have ANY concerns- just reread what Warren Buffet said to do- then do it. 

NO FOOLIN

 From DOM's blog: 

The Henry Latimer Center for Professionalism and the Standing Committee on Professionalism have named Chief Judge Cecilia M. Altonaga of the U.S. District Court for the Southern District of Florida and Judge Miguel de la O of the 11th Judicial Circuit as co-winners of the 2025 William M. Hoeveler Judicial Professionalism Award.

The annual award recognizes active judges who exemplify strength of character, service, and competence as a jurist, lawyer, and public servant.

Chief Judge Altonaga and Judge de la O “demonstrate the ideals of professionalism and justice while inspiring others to do the same,” according to the Center for Professionalism.

Rumpole says: Well done to both judges. As to our milieu, Judge De La O has now long been known as the go-to judge for fairness and decency in the REGJB. No DeSantis drone he. 

As to our post on April 1, the sad thing is that some readers thought the press release from the SAO no longer cowering to the victim's wishes was true. Would that it were so. But we do not live in a time of heroes. We live in a time of cowards. 

Which brings us to the president's tariffs. 

You will be glad to know that Bangladesh won't be pushing the US around anymore. The President has slapped that economic powerhouse with double digit tariffs. And the good news for South Floridians is that if you want to make a reservation for a weekend at a beach motel in Dania, you can now do so, as Canadians are staying away from the US in droves. 

Can you blame them? 

And on and on it goes, because we live in a time of cowards and not heroes, as large law firms and universities are demonstrating in droves. 

A NEW DAY

 Some positive news from the SAO today in a news release: 

“As of today the Miami Dade State attorney’s office will no longer make plea offers based on the victim wanting the max.  We will now evaluate a case based on principles of justice and individual facts and not let the understandable emotions of a victim dictate how we proceed.” 

Rumpole says : long overdue. 

Did you know ? Apple 🍎was founded today on April 1 1976? 

Rumors of a state of Florida Doge- like committee are circulating.  Things being considered - 1) eliminating bathrooms for judicial chambers; 2) eliminating diversity training for all state employees; 3) implementing minimum mandatory prison sentences for being homeless ; 4) eliminating drug court and veterans court as wasteful efforts that embrace DEI ; 5) criminalizing the use of transgender pronouns; 6)criminalizing the existence of charitable food banks in communities; 7) mandating all state employees receive two hours of training in the science that there is no such thing as global warming; 8) requiring all state agencies to begin every meeting with a prayer recognizing that Jesus Christ is the lord and savior. 9) Any state employee with a degree from Colombia University between 2010-2025 will be summarily dismissed  

Sounds good to us. 

SUNNY MONDAY

 It's a new week and the sun is out. Here's our thoughts.

Need a continuance in federal court? Here's a quick out. Become of counsel to one of those firms that the Idiot has attacked. Part of his executive order bars their employees from entering federal buildings. 

"Dear Judge Altonaga- I must inform you that I cannot try the case set next week. The President has barred employees from Wilmer Hale from entering the premises of federal buildings, and I recently became of counsel to Wilmer Hale. I'd be happy to see if Judge Sayfie can lend us one of the State Courtrooms for this case."

El Herald reports that Canadians are canceling their vacation plans to South Florida. Guess MAGA doesn't mean MFLGA. 

Meanwhile the SAO just keeps trying to hide from their malfeasance: "if we ignore it, it will go away"  which is not far removed from George Costanza's famous idiom "It's not a lie Jerry if you believe it".  No real remedial actions. They've done NOTHING to restore the Bench and Bar's confidence in their office. So call them out on it. If they make a promise in Court, remind the Judge what they have done and why you cannot take them at their word.

How's the economy treating you? Price of eggs dropped? Price of new cars dropped.? How's your 401K doing? Market have any confidence in The Idiot? Just asking. 

As for that third term? Just look at what Putin did and you'll understand what is in his feeble mind. 

Watch the special election for the seat vacated by ace National Security Advisor Mike Waltz in Florida's Sixth. A reliably R seat, the Dem has raised ten million and is making it a competitive race in a district The Idiot won by 30. It's a mostly older district. Hope they are enjoying themselves if they need to contact social security. Things are so bad at the agency the Idiot's henchman is gutting that supervisors are answering the receptionist's phones. The website was down four of the last ten days. MAGA so long as you're not a retiree who has paid their money into the system and now is a victim of a Government sponsored "Rug Pull". If you don't know what a RP is, Google it- or ask a 20 something.  

Meanwhile, it turns out Waltz friended a bunch of North Korean spies on Facebook and added them on his Snap and Tik Tok accounts. His Tik Tok is racking up some serious views as he posts our attack plans before they occur. The Idiot has mused about paying for military strikes by posting them first on Tik Tok and monetarizing social media to pay for the military. Can't argue with that reasoning. 

*NB: When we refer to him as The Idiot, it is an ironic play on the novel by Dostoevsky- a book we assure you he has never read.  

*NB is latin for Note Bene which means "note well" or "take note". 

NB our country is being run by amateurish fools. 

RAINY SUNDAY

 Let's talk about something different. 

We contend there are no more poetic words in any rock song than these from Thunder Road: 

So you're scared and you're thinking
That maybe we ain't that young anymore
Show a little faith, there's magic in the night
You ain't a beauty, but hey, you're alright
Oh, and that's alright with me

You can hide 'neath your covers and study your pain
Make crosses from your lovers, throw roses in the rain
Waste your summer praying in vain
For a savior to rise from these streets

Well now, I'm no hero, that's understood
All the redemption I can offer, girl, is beneath this dirty hood
With a chance to make it good somehow
Hey, what else can we do now?

Except roll down the window
And let the wind blow back your hair
Well, the night's busting open
These two lanes will take us anywhere
We got one last chance to make it real
To trade in these wings on some wheels
Climb in back, heaven's waiting down on the tracks

DUMB AND DUMBER

 Hillary Clinton called Trump dumb and his administration dumber in an op ed piece for the NY Times here. 

The Trump administration wanted to reply, but no one in the administration reads the Times. 

This was the opening line: 

It’s not the hypocrisy that bothers me; it’s the stupidity. 

Then it got worse.

Firing hundreds of federal workers charged with protecting our nation’s nuclear weapons is also dumb. So is shutting down efforts to fight pandemics just as a deadly Ebola outbreak is spreading in Africa. It makes no sense to purge talented generals, diplomats and spies at a time when rivals like China and Russia are trying to expand their global reach.

And then this: 

The Trump approach is dumb power. Instead of a strong America using all our strengths to lead the world and confront our adversaries, Mr. Trump’s America will be increasingly blind and blundering, feeble and friendless.

And this: 

Does anyone really think deleting tributes to the Tuskegee Airmen makes us more safe? The Trump Pentagon purged images of the plane that dropped the atomic bomb that ended World War II because its name is the Enola Gay. Dumb

(The answer is yes. The idiots Trump appointed to run the Pentagon think its more important to remove pictures of the Enola Gay then keep tight security on impending military action) 

All of this is both dumb and dangerous. And I haven’t even gotten to the damage Mr. Trump is doing by cozying up to dictators like Russia’s Vladimir Putin, blowing up our alliances — force multipliers that extend our reach and share our burdens — and trashing our moral influence by undermining the rule of law at home. 

And this gem: 

Diplomacy is cost-effective, especially compared with military action. Preventing wars is cheaper than fighting them. Mr. Trump’s own former secretary of defense Jim Mattis, a retired Marine Corps four-star general, told Congress, “If you don’t fund the State Department fully, then I need to buy more ammunition.”

And she ended with this:

If America is ruled like a banana republic, with flagrant corruption and a leader who puts himself above the law, we lose that argument. We also lose the qualities that have made America exceptional and indispensable.