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โปรดทราบว่ามีจำหน่ายบัตรกำนัลจาก Lottery Terminal
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ผู้ชนะที่ได้รับรางวัลที่สำนักงานใหญ่ลอตเตอรีในสัปดาห์นี้กล่าวว่าเขาไม่เคยสังเกตเห็นใบเสร็จรับเงินที่มีให้เมื่อมีการตรวจตั๋วลอตเตอรีที่สถานีลอตเตอรีของรัฐไอโอวาดังนั้นฉันจะแบ่งปันรายละเอียดที่นี่ในบล็อกเผื่อว่าคุณไม่เคยมี ขอใบเสร็จ ใบเสร็จรับเงินที่พิมพ์โดยอัตโนมัติจากขั้วลอตเตอรี่ของเราเป็นวิธีที่ยอดเยี่ยมสำหรับคุณในการตรวจสอบผลสลากกินแบ่งของคุณอีกครั้งหากคุณมีคำถามใด ๆ เมื่อมีการตรวจตั๋วลอตเตอรีหรือขึ้นเงินที่จุดจำหน่ายลอตเตอรี่ในไอโอวาจะมีใบเสร็จ ในกรณีของตั๋วที่ชนะจะมีการสร้างบัตรกำนัลสองใบโดยอัตโนมัติใบหนึ่งสำหรับผู้เล่นและอีกใบสำหรับผู้ค้าปลีก ทั้งสองให้จำนวนเงินรางวัลที่ชนะในตั๋ว ในกรณีของตั๋วที่ไม่ได้รับรางวัลจะมีเพียงใบเสร็จรับเงินสำหรับผู้เล่นเท่านั้น มีหมายเลขประจำตัวในใบเสร็จรับเงินและบัตรที่ตรงกันเพื่อให้คุณสามารถอ้างอิงได้ (ฉันได้รวมรูปถ่ายไว้ที่นี่เพื่อให้คุณสามารถดูรายละเอียดที่เกี่ยวข้องได้) หากใบเสร็จเป็นบัตรขูดข้อมูลที่ด้านล่างของใบเสร็จจะแสดงเกมแพ็กเกจและหมายเลขตั๋วสำหรับตั๋วที่เกี่ยวข้อง ตัวเลขเดียวกันจะอยู่เหนือบาร์โค้ดที่ด้านหลังของบัตรขูดแต่ละใบดังนั้นคุณสามารถตรวจสอบใบเสร็จกับบัตรเพื่อให้แน่ใจว่าตรงกัน หากใบเสร็จของตั๋วลอตเตอรีอยู่ในเกมเช่นPowerball®หรือ Mega Millions®ที่มุมบนซ้ายจะมีหมายเลขซีเรียล 14 หลักสำหรับตั๋วของคุณ หมายเลขซีเรียลคือสตริงสำหรับเส้นประ หมายเลขซีเรียลเดียวกันอยู่ที่มุมบนซ้ายของตั๋ว อีกครั้งคุณสามารถตรวจสอบใบเสร็จกับตั๋วเพื่อให้แน่ใจว่าตรงกัน ไม่รวมใบเสร็จรับเงินสำหรับการ์ดแบบดึงแท็บลอตเตอรีของรัฐไอโอวาเนื่องจากมี "ใบเสร็จรับเงินในตัว" อยู่แล้ว จำนวนเงินรางวัลแต่ละรายการที่ได้รับบนแถบดึงจะพิมพ์อยู่แล้วใต้แท็บบนตั๋วดังนั้นราคาที่เกี่ยวข้องจึงชัดเจนมาก ร้านค้าปลีกหลายแห่งเสนอตั๋วแบบไม่แสวงหาผลกำไรให้กับลูกค้าโดยอัตโนมัติ แต่หากไม่เกิดขึ้นโปรดขอตั๋วคืนหากคุณมีคำถามใด ๆ ลอตเตอรีและผู้ค้าปลีกจะเก็บตั๋วที่ชนะไว้เพื่อวัตถุประสงค์ในการเก็บบันทึกและความปลอดภัย แต่ตั๋วที่ไม่ได้รับรางวัลสามารถคืนให้กับลูกค้าได้
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Play’N Go 3 Clown Monty รีวิวสล็อต
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3 Clown Monty เป็นวิดีโอสล็อต 5 รีล 10 เพย์ไลน์ที่พัฒนาโดย Play'N Go สล็อตนี้ประกอบด้วยตัวละคร 3 ตัวจากละครสัตว์ชื่อ Bumbo, Schmucky และ Whatda สล็อตรูปแบบการ์ตูนนี้มีสัญลักษณ์รูปหัวใจคลับสัญลักษณ์เพชรและดอกจิกเป็นสัญลักษณ์ที่จ่ายน้อยสัญลักษณ์ Bumbo, Schmucky และ Whatda เป็นสัญลักษณ์อายงสูงของสล็อตนี้ที่จ่ายเงิน 2.5 หรือ 50 เท่าของเงินเดิมพันของคุณสำหรับ 3,4 หรือ 5 ของสัญลักษณ์ของพวกเขา บนหน้าจอของคุณ -E Gorilla clown เป็นสัญลักษณ์เสริมที่แทนที่สัญลักษณ์อื่น ๆ ทั้งหมดยกเว้นการกระจายและสร้างชุดค่าผสมที่ชนะโดยเสนอเงินเดิมพันของคุณ 50 เท่าสำหรับ 5 ประเภท 3 Clown Monty slot เป็นสล็อตออนไลน์ข้ามแพลตฟอร์มซึ่งหมายความว่าคุณสามารถเล่นสล็อตนี้ได้โดยใช้อุปกรณ์ทั้งหมดของคุณรวมถึงโทรศัพท์มือถือและแท็บเล็ตสล็อต 3 Clown Monty Mobile นั้นยอดเยี่ยมและสามารถเข้าถึงได้ผ่านคาสิโนมือถือที่ดีที่สุด play'n go ช่วงขนาดเหรียญสำหรับช่องวิดีโอ Clown Monty 3 ช่องเริ่มต้นที่ 0.10 เหรียญต่อการหมุนไปจนถึงมากกว่า 100 เหรียญต่อการหมุน คุณมีคุณสมบัติโบนัส 4 อย่างในเกมนี้ซึ่งเป็นคุณสมบัติหลักบาปฟรีที่ให้คุณหมุนฟรี 5 ถึง 12 ครั้งพร้อมกับตัวคูณ 25x เปอร์เซ็นต์ผลตอบแทนของผู้เล่น (RTP) ของช่อง Clown Monty 3 ช่องคือ 96.23% และจำนวนการชนะสูงสุดที่เป็นไปได้คือ 20,000x เท่าของสัญลักษณ์การจับคู่ที่ดิน 3, 4 หรือ 5 จากซ้ายไปขวาบนวงล้อที่อยู่ติดกันเพื่อสร้างชุดค่าผสมที่ชนะใน 5 รีลนี้ เกมสล็อต 10 เพย์ไลน์ หากคุณต้องเล่นสล็อตหลายครั้งคุณสามารถเลือกตัวเลือกเล่นอัตโนมัติสำหรับสิ่งนี้ซึ่งช่วยให้คุณสามารถเล่นสล็อตแมชชีนนี้ได้ในช่วงเวลาหนึ่งโดยมีมูลค่าเหรียญที่แน่นอน สล็อต 3 Clown Monty มีโบนัส 4 รอบซึ่งรวมถึงคุณสมบัติตัวเลือกของตัวแทนจำหน่ายคุณสมบัติฟรีสปินและคุณสมบัติมอนตี้สปิน การโปรยตัวตลก 3 ตัวจะเพิ่มไวลด์ให้กับวงล้อของคุณ Free Spins Feature Land 3 หรือมากกว่านั้นกระจายเพื่อเรียกใช้คุณสมบัติฟรีสปิน 3 scatters จะให้ 5 ฟรีสปิน 4 จะ 7 และ 5 scatters จะให้ฟรี 12 สปิน คุณสมบัติ Monty Spins เป็นอีกหนึ่งคุณสมบัติที่ช่วยให้คุณเล่นได้ถึง 7, 8 หรือ 9 Monty Spins
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Big Show ได้ย้ายไปยังส่วนศิษย์เก่า WWE
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ประวัติของตำนาน WWE Big ถูกย้ายไปที่ส่วน Alumni ของเว็บไซต์ WWE Superstar เจ็ดชั้นยังอ้างอิง WWE จากโปรไฟล์โซเชียลมีเดียของเขา สถานที่จัดงานยังมีส่วนศิษย์เก่าสามส่วนสำหรับดาราเก่า ได้แก่ WWE Alumni, WCW Alumni และ ECW Alumni - และ Hall of Fame Big Show รวมอยู่ในรายชื่ออดีต WWE Superstars ตามภาพด้านบนตอนนี้ Big Show ตอนนี้เป็นส่วนหนึ่งของ WWE Alumni ร่วมกับอดีต Superstars รวมถึง Big Cass และ Billy Gunn ชีวประวัติ Big Show ของ WWE ระบุว่าเขา "เป็น" คู่แข่งที่น่ากลัวซึ่งหมายความว่าเขาไม่ได้เป็นนักแสดงอีกต่อไป ตอนนี้ไม่ทราบว่าเขาจะทำอะไรหลังจากออกจากโพสต์ ในเดือนกันยายนปี 2020 ชายวัย 49 ปีบอกกับ WWE India ว่าเขาต้องการมีส่วนร่วมในธุรกิจการแข่งขันหากเขาลาออก เขาบอกว่าเขาต้องการช่วยซูเปอร์สตาร์ที่กำลังจะมาถึงหรือทำงานในกิจการอื่น ๆ ด้วยความรวดเร็วเบื้องหลังสถานการณ์ การเปลี่ยนแปลงแพลตฟอร์มโซเชียลมีเดียของ Big Show ตอนนี้รู้จักกันในชื่อจริงของเขา Paul Wight บนโซเชียลมีเดีย WWE ระบุรายการ Big Show เป็น @PaulWight ในทวีตด้านบนเมื่อวันที่ 14 กุมภาพันธ์ 2564 แต่ยังไม่ทราบเมื่อเขาอัปเดตชื่อผู้ใช้ อดีตแชมป์ WWE ยังเปลี่ยนชื่อผู้ใช้ Instagram ของเขาจาก @WWETheBigShow เป็น @ PaulWight ด้วยผู้ติดตามบน Twitter 2.5 ล้านคนและผู้ติดตาม Instagram 1.4 ล้านคน Big Show จึงเป็นหนึ่งใน Superstars ที่มีผู้ติดตามมากที่สุดใน WWE การกล่าวถึง WWE ทั้งหมดถูกลบออกจากประวัติโซเชียลมีเดียพร้อมกับชื่อผู้ใช้ของเขา เผยแพร่เมื่อ 24 กุมภาพันธ์ 2021, 18:27 IST.
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Elliott hopes for Tiger green light
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Gordon Elliott admits it will be disappointing should Tiger Roll not run in the Randox Grand National after being allotted 11st 9lb - but underlined the final decision will rest with owner Michael O'Leary.The diminutive 11-year-old was denied the chance to win the race three times in a row - something not even Red Rum managed - by the Covid-19 pandemic, but Elliott is training him to peak on April 10. However, it has been well documented that O'Leary and his brother Eddie felt he needed plenty of help from handicapper Martin Greenwood for him to stand any chance of winning the race again, warning he would not run if he was rated "in the 160s or 170s".Tiger Roll won in 2018 from a mark of 150 and defied a 9lb rise 12 months later. This year he is off 166, despite pulling up on his last appearance at Cheltenham in November."He has got 166 and he won off 159 two years ago when the race was last run. He seems in good form at home and we are looking forward to the race," said Elliott. "You are always hoping you are going to be a couple of pounds less than what you have been given, but to be honest we will just smile and take it. "I have to concentrate on training the horse and I just hope his owner lets the horse run in the race for the public. Everyone will be looking forward to seeing the horse run again in the Grand National, but Michael will make that decision. "It will be disappointing for everyone if he doesn't turn up, but as you know he makes the decisions. He is 7lb higher than what he won off before, but it is probably fair enough."If you look at him he is not the biggest horse in the world, but he really seems to enjoy those fences."Regarding his run in November, Elliott said: "He made a mistake the last day at Cheltenham and he was lame after the race, but thankfully he is OK now."We injected his stifles behind and thankfully he is back sound and moving very well and we are very happy with him at the moment. We will just keep our heads up and hopefully he will be OK for the rest of the season."He is in the Boyne Hurdle at the weekend, but the ground is very soft, so we might not run him. If it isn't too bad he will run, as he has run in it the last two years."He is in good form and if the ground is right for him we would like to run him as it's a race he has won before."When contacted on Tuesday, Eddie O'Leary said: "We've said all we're going to say on the matter and will be offering no further comment."Elliott has 15 other entries, but that has already been slimmed down by the news Delta Work is out for the season and the likes of Aforementioned, Monbeg Notorious and Roaring Bull are highly unlikely to make the cut.Of his other hopefuls he added: "I would say I would hopefully run Presenting Percy (11st 9lb). He has had a little setback, but hopefully I will have him back for the National. Tiger Roll, The Storyteller (11st 8lb) and Alpha Des Obeaux (10st 9lb) will all hopefully go."I thought one down at the bottom with 10st 6lb could be very well handicapped, a horse called Milan Native. He has had a wind operation since his last run and he is one I am looking forward to for the Grand National this year."Three horses are weighted 1lb higher than Tiger Roll - Nigel Twiston-Davies' Bristol De Mai, Tiger Roll's Cheltenham conqueror Easysland and Gold Cup runner-up Santini.Magic Of Light, second to Tiger Roll two years ago, has 10st 13lb, Ladbrokes Trophy winner Cloth Cap has been given 10st 5lb while Welsh National winner Secret Reprieve needs a little bit of luck to secure a place as he is on 10st 1lb.
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Colonial Downs Proposes Casino Resort in Dumfries
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Rosie’s Gaming Emporium opened doors on January 8. It is a 19,000-square-foot gaming center with 95 video slots, located in the Triangle Shopping Center in Dumfries. Colonial Downs, the property’s owner, now proposes another building, which is a massive $389 million casino resort on the grounds of Potomac Landfill, a debris junkyard on the edge of town. The future facility would be called “The Rose” and would be the first in Virginia with this size, providing such gaming options. According to the plan for “The Rose”, the facility will consist of 50,000 square feet of gaming space, a 250-seat sports bar, as well as other bars and restaurants, 200 hotel rooms, a theater with 1,500 seats and 7,000 square feet of meeting space. Colonial Downs, which owns Rosie’s and operates a racetrack in New Kent County near Richmond, as well as four other Rosie’s emporiums across the state, will pitch its idea today during a 7 a.m. Dumfries Town Council meeting. The new facility is hoped to bring a lot of profit to the town. It is expected to create 640 jobs that pay $15 an hour wage. 96 managers will be hired to work at The Rose and they will make an average of $70,000 a year. According to Colonial Downs, the new casino would generate $11.3 million a year in new tax revenue for Prince William County and nearly $80,000 a year for Dumfries. If the pitch is accepted, construction of the new casino will start in August this year, which means that Potomac Landfill will be closed 11 years earlier than planned. The casino will take 22 acres of the property with 79 acres remaining that will be converted into a park with sports fields, trails and open space. The town documents stated that the park would open in December 2022 and the casino would open only a month later. This is if everything goes according to plan. The Potomac Landfill The town agreed with the landfill in 2016 to close the facility. The closing date was set for 2032. At that time, the town planned on turning the site into a public park. The problem for the landfill started in 2011 when the neighbors and drivers on the Interstate 95 complained of sulfur smell. It was permeated the surrounding area so the facility needed to shut down. Rosie’s Gaming Emporium is the first gaming facility to open its doors in Northern Virginia. Since its opening, more than 21,000 people have visited the gaming parlor in the shopping center. The property has donated more than $75,000 to charity since it started operating and has created 100 jobs for the locals. Its establishment was made possible by the legalization of gambling in Dumfries in November 2019. A citywide referendum passed with more than 60% of the vote, following an extensive advertising campaign by Colonial Downs. Source: “Resort casino proposed to open in Dumfries in January 2023”, Potomac Local, January 15, 2021
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Pros Of Being A Professional Poker Player
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Being a professional poker player is a daring as well as exciting decision. If you’re successful at the game and want to quit your day job to become a poker pro, it’s an enticing opportunity. However, be warned: Poker strategies and rules are difficult to work, that isn’t for everyone. If you consider taking a risk to become a professional poker player, you should please ensure that it is an educated choice.  Here are some pros of becoming a professional poker player that might encourage you to take the next step!  Professionally Pursuing What You Love One of the most prevalent desires in the world is to do something that you love professionally. For anyone in the poker community saying that there’s profit in this, they’re certainly not doing it only for the money. They love the game and have passion for it. For those who don’t have that, must understand that it is a skill game and requires practice to get better. This is what encourages them to put in the research time required to excel and achieve success through the downtrends. Also Read: Advantages of Becoming a Professional at Poker Self Determination And Versatility Poker players set their own schedules which is a great thing for any professional in any field of work or sport. To stave off poker exhaustion and keep you going, getting this independence will go a long time away. Also, you’ll only be accessible to yourself. Versatility is something that is quite limited in a number of professions nowadays and there’s nothing quite like poker tournaments when it comes to versatility. That’s not to suggest, of course, that it’ll be straightforward. The assumption is that when you do so, no-one will be blowing down your neck. Earning Big Money There is still a lot of profit to be gained by playing online poker if you can achieve a high level of experience. In terms of rake and playing rewards, there have been a few improvements in the market in recent years that have limited online poker’s profitability, but it is still possible to obtain a decent income playing poker game. Getting in and getting out of micro stakes is one of the greatest obstacles facing emerging online pros these days. In present-day games, the high rake and low rakeback eat away at the winnings of a micro stakes player, making it difficult for them to achieve a good score overall. On the other hand, live poker has been and is likely still a highly lucrative enterprise for professional players. The live player average is much lower than the online player estimate. This may be because, in casinos, live poker is practiced and thus encourages individuals who play poker to bargain instead of because they are successful at it. Or it could be because of live poker’s social aspect. It’s a mix of both, perhaps.  For more interesting articles about poker or poker news, keep reading PokerShots!  Post Views: 49
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Women’s CL last-16: Chelsea draw Atleti; Man City vs Fiorentina
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Chelsea have been drawn against Atletico Madrid in the Women's Champions League last 16 while Manchester City face Fiorentina.Both WSL sides will play their home legs first, between March 3 and 4, with the away trips scheduled for March 10-11. Holders Lyon, who have won a record seven titles and made it five in a row last season, face Norwegian side Brondby.Full draw as follows: Wolsburg (GER) vs LSK Kvinner (NOR) Barcelona (ESP) vs Fortuna Hjørring (DEN) Rosengård (SWE) vs St. Pölten (AUT) BIIK-Kazygurt (KAZ) vs Bayern München (GER)Manchester City (ENG) vs Fiorentina (ITA)Sparta Praha (CZE) vs Paris Saint-Germain (FRA)Lyon (FRA) vs Brøndby (DEN)Chelsea (ENG) vs Atlético de Madrid (ESP)More to follow....This is a breaking news story that is being updated and more details will be published shortly. Please refresh this page for the latest updates.Sky Sports brings you live updates as they happen. Get breaking sports news, analysis, exclusive interviews, replays and highlights.Sky Sports is your trusted source for breaking sports news headlines and live updates. Watch live coverage of your favourite sports: Football, F1, Boxing, Cricket, Golf, Tennis, Rugby League, Rugby Union, NFL, Darts, Netball and get the latest transfers news, results, scores and more.Visit skysports.com or the Sky Sports App for all the breaking sports news headlines. You can receive push notifications from the Sky Sports app for the latest news from your favourite sports and you can also follow @SkySportsNews on Twitter to get the latest updates.Watch the Women's Football Show on Friday at 6pm on Sky Sports Football.
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PokerStars Rolls Out New LSNG Leaderboard Promotion, Tetris + Spin & Go
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PokerStars has rolled out Tetris + Spin & Go, a temporary takeover of their ultra-popular lottery sit and go game with a new theme and a lucrative new promotion for players. F5poker first revealed that PokerStars was working on such a promotion back in September 2020. On Monday, it deployed globally on most licenses on the global dot-com pool as well the European shared liquidity network of Spain, France and Portugal. The Spin and Go lobby in the client has been redesigned with a Tetris aesthetic, as have the tables. The game itself remains unchanged—fast, winner-takes-all sit and gos with a random top prize. What is new is the promotion on top: Tetris-themed leader boards. While the mechanics are fairly complicated—it involves Line Clears, Levels and Game Scores—it boils down to daily player rankings where cash prizes are given out to the highest volume players. For players that fall outside the cash prizes, the operator has a $5000 daily prize draw for players that finished in the top 500. In total, the operator says that over $1.5 million will be paid out in the dot-com market and almost as much—€1 million—in the Southern European market from now until the end of March. This works out at over $33,000 daily in dot-com, and €23,000 in Southern Europe. It appears to replace the previous long-running Spin & Go 20 and 50 leader boards. This had given away just over $20,000 a week and had run throughout much of 2020.
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“Be honest for once” – Brenda Patea accuses Alexander Zverev of lying about his involvement in her pregnancy
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Alexander Zverev's ex-girlfriend Brenda Patea has slammed the German for using their unborn child to boost his own public image despite not being in contact with her during her pregnancy.Patea, a German model, announced in October 2020 that she was pregnant with Alexander Zverev's daughter. She was in a relationship with Zverev until July of last year, and is currently 36 weeks into the pregnancy.Patea had declared at first that she had no plans of sharing custody of their child with Zverev, before subsequent public statements made it seem like the two were on amicable terms.But in her recent interview with German tabloid 'Bild', Patea revealed that the pair have had no contact for two months. The 27-year-old claimed that they last spoke when another ex-girlfriend, Olga Sharypova, accused Zverev of domestic violence during their relationship."I've been reading many of Alex's (Zverev) interviews and I ask myself what he wants to achieve by saying these things," Patea said. "'Highlight of his life'? 'He's extremely happy'? 'Highest priority'? I can hardly believe that because we aren't in contact thus far and he hasn't reached out."(Patea's interview with Bild was in German, and the quotes were translated into English by Twitter users fluent in both languages).Someone asked me to translate this so I’ll share it here too. Brenda is asked in her latest stories about Zverev. I translated her answers. In the background she shows excerpts of his latest interview. My summary: Zverev is full of lies and he’s shown it time and time again. pic.twitter.com/Xq2H1pYuXW— Nawal (@NawalNadal) February 15, 2021Brenda Patea was further asked if she shares the details of the pregnancy and of their unborn daughter with Alexander Zverev. But the model said there had been no contact of any kind and no initiative from Zverev's side. Patea added that she was tired of people assuming otherwise based on the tennis star's interviews. "I just wanted peace and quiet. But so many people are telling me, 'It's great that you're in contact (with Zverev) and that he's interested'. I've had enough of his 'perfect' interviews. Be honest for once," Patea added."If Alexander Zverev is saying these things in interviews then I can finally say something about it too" - Brenda Patea Brenda Patea cheers on Alexander Zverev during the couple's happier timesJust hours after Brenda Patea announced her pregnancy in October, another of Alexander Zverev's ex-girlfriends - Olga Sharypova - accused the US Open finalist of being physically and emotionally abusive towards her during their time together.Sharypova dated Zverev for a year before the NextGen star got together with Brenda Patea. The Russian claimed that Zverev had been physically abusive several times, and specifically mentioned an episode during the 2019 Laver Cup. The incident, in her words, drove Sharypova towards an attempt at ending her life, before she was rescued by hotel staff.Also read: Djokovic's sympathetic support of Zverev, and the silence of Federer & Nadal, highlight tennis' insensitivity towards abuse At the time, there was speculation that Brenda Patea's refusal to share custody of their future child with Alexander Zverev was an indication that he had been unpleasant towards Patea too. But the German model quickly denied any such rumors.Following the denial, there was a tacit understanding in the media that Alexander Zverev and Brenda Patea were planning to raise their daughter together. That, however, was a misconception, as revealed now by Patea."We had contact two months ago when the thing with his ex (Sharypova) came out but that was it," Patea said. "It's stupid to do this in the media. But if he's saying these things in interviews then I can finally say something about it too."If the tone of Patea's answers is anything to go by, it seems like Alexander Zverev has been using his "happiness" on becoming a father as a way to repair his public image after Olga Sharypova's accusations. It remains to be seen how the 23-year-old reacts to this new development, especially since he is still alive in the ongoing Australian Open. Published 16 Feb 2021, 12:22 IST .
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Did the next Macau bubble just start two weeks ago?
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The entire concept of a “bull market in stocks” makes little sense. Sound crazy? These days, certainly, because we’re always hearing about a perpetual bull market in stocks. Valuations increasingly disconnected from economic reality, asset bubbles in one class or another, armies of speculators moving like zombie hoards descending on the next fad and blowing it up to infinity and beyond, Buzz Lightyear-like.Why is the whole concept of a bull market generally, nonsense? Because if the value of everything is going up simultaneously, then nothing is going up. If everyone is a superhero, nobody is. If, in an imaginary economy, absolutely everything costs, say, $5, (labor, land, capital whatever) and then the next day everything costs $10, then what’s changed? The answer is absolutely nothing.The only thing that matters is relative valuations between asset classes. Let’s divide them into three of the most basic ones. Equities (stocks), bonds (debt), and commodities (consumer goods). If all three are going up in tandem, then there is no “bull market” in anything. If commodities are going up faster than stocks and bonds, you have inflation, or even hyperinflation. Ask anyone in Venezuela whether they care that their stock market is doing great, nominally. They don’t. They’re looking for their next glop of gruel or morsel of moldy bread to survive the day.But if stocks and bonds are rising and consumer goods are static to falling, you have a bull market in financial assets. This is where we are now. And boy are we really hard and deep into it now. Below is the ratio of the S&P 500 to the CRB Commodities Index.And I’ve got news for everyone. This bull market in stocks relative to consumer goods in dollar terms is already over. It ended almost a year ago. On April 20, 2020 to be exact. Red circle blowoff top above. That was when oil crashed to negative $35 a barrel and we all lived in an alternative financial freakhouse universe. But I have more news than that. This entire “bull market” in stocks has been one gigantic illusion from the very beginning. Stocks aren’t going up. They haven’t gone up for 21 years. Money is going down. Here is the graph of stocks relative to the prime monetary commodity, gold, over the same timeframe above.We can see here that from 1990 to 2000, we had a real bull market in stocks. Equities rocketed in gold terms and in terms of consumer goods generally. Everyone felt richer. Portfolios up, expenses down. But since that time, money has been dying at an accelerated pace and the standard of living has fallen.The bull market in stocks over the last 21 years has been an illusion, a tiny echo of the bull that ended at the turn of the century. We have spent the last 21 years trying to reinflate it, but gold has exposed the lie. We are now at the point where the illusion is about to collapse completely. In my view, we have only a few months left until it all hits the fan. Until then, the bubbles will keep coming in staccato frenetic fashion, moving from one asset class to another faster and faster, until we all get so dizzy we can’t follow it anymore. Last week I speculated that maybe the next target for the zombie hoard will be in penny gaming stocks. I was close. It’s in Macau stocks. It may already have started two weeks ago. The frenzy has started over news about China opening up again. I mean, just look at this crazy chart of the Macau proxy ETF:That last surge higher is just since February 1. We could be at the beginning of a crazy but brief ride higher in Macau stocks right now. New all time highs again, and Macau isn’t even fully open yet. The latest full month statistics for December show a 78.6% drop in visitors year over year. And yet we’re at new all time highs in these stocks already. It’s just completely crazy. I can understand the Macau opening up again trade, but to argue that this factor is being priced in at these levels, at new all time highs? As if none of this full year shutdown hurt any of the casinos fundamentally at all? That’s just totally bonkers crazy. It’s a reflection of the value of the currency these stocks are priced in, not the stocks themselves.What’s happening is that the zombie hoard of bubble chasers is reading the headlines regarding China starting to open up again, and they’re slamming buy orders and call options like they’ve been doing with tech stocks and Gamestop and BTC and all the other fads. We just got news out of Bloomberg that China’s Imax had a face-ripping rally due to exploding ticket sales. China is, indeed opening up, and the zombie hoard of speculators is now going to spray their money hoses at anything Chinese. Macau might be at the center of it.How high can this Macau bubble go, if that’s what we just saw start two weeks ago? The truth is, it doesn’t matter. If you get into it, you’ll get hooked and keep levering yourself up, counting your paper gains, unable to separate from them until you get caught in a vortex. At some point, my view this year, it’s all going to come crashing down when all the damage from 2020 is finally revealed all over the world. You can’t paper it over forever. The damage to Macau casinos doesn’t just go away. It festers in the form of more and more debt, and a damaged consumer base that can no longer patronize casinos in the way it once could. Festering wounds need the paper bandage removed and they need to be operated on. That is painful. And it’s coming.When we think of the word “bubble”, what are we really talking about? A bubble is something that looks, from the outside, to be really big and stable. The shape of it, a sphere, is the most stable shape in the universe. It’s why planets, stars, moons, and possibly even the spacetime continuum itself, spontaneously shape themselves into spheres. The force of gravity equalizes at every point on the sphere, forming equilibrium. Nature always seeks equilibrium. And so bubbles take on the illusion of stability, but unlike a real sphere, there’s nothing inside them. When they pop, they are gone almost instantly. This one is about to pop. Macau appears to be the next victim sucked up by the bubble. Macau will survive and rebuild. The question is, in what form? I wouldn’t take a bet the depended on me getting the answer to that question right.
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