PRE MARKET

We are just going to say futures up this morning as they reversed some ugly overnight. We will have a full report tonight. We just want to take a pass this morning because of everything we are seeing in Texas. Out of respect, screw the market today but we did have one important message:

When I was on tv Friday morning, we were all told by a guest there was only mandatory evacuations for low lying areas for Hurricane Harvey. I questioned on air why only low lying areas. The answer was that the last time, storms were not as bad as expected. I went on to say these events have no bias and that we were going to hear the words “storm surge” and “water damage” as we moved forward.  As a veteran of the hurricane wars, I could not believe the utter stupidity of people like the Mayor of Houston that not only told people the wrong thing but basically prepared for nothing. And now…he says he did the right thing…huh? I have learned through the years of experiencing many hurricanes that YOU ALWAYS ERR ON THE SIDE OF CAUTION. Things are things…but lives are lives. There will be times where you are accused of overdoing it…but that’s ok. You should just not ever be accused of not doing enough. The mayor of Houston did not do the one thing that matters most…protect the citizenry and now look! His excuse? How do you move so many millions of people? The answer was to at least give them the opportunity by making them know how bad the potential of  a storm could be. We were told as early as Thursday night/Friday morning that this could be a big water event. We don’t doubt the Mayor thought he was doing the right thing. We just doubt competence. Now we get to see the best of people. (I wonder how the media will spin this as they love highlighting the worst in people.) Have you seen the many in their boats risking their lives? Have you watched people putting their lives asides to look after other lives? What we are seeing in real time is the best of America with no thoughts of race, creed or color. This is the best of America. This is the America I know…not the America some are doing their best to portray. Unfortunately, it looks like it may get worse before getting better.