Thoughts from Friday, July 31, 2020

Earnings from Big Tech Don’t Matter Stimulus put more $ into the economy. Travel and entertainment spending simply moved to tech. Services spending plummeted while people still bought stuff online. Everyone was online significantly more than ever. 3rd and 4th quarter are what really matter. How will these companies do when there is no stimulus?…

Thoughts from Friday, July 3

It’s been another long week full of good information on the stock market and economy, so I want to take a quick look at some of the developments. Jobs Report – 4.8m new jobs, falling unemployment rate, record continuing unemployment claims. You read that right.  It seems contradictory.  The Bureau of Labor and Statistics reported…

Thoughts from June 19, 2020

Why I am still a bear – Part 1 Everywhere I turn, the bears seem to be running for the hills.  There are fewer and fewer of us.  It reminds me of February.  Granted, there are a number of very famous investors that have fired warning shots lately regarding the stock market (Buffett, Druckenmiller, Marks,…

Thoughts from June 17, 2020

Hertz front and center! Well someone at the SEC finally watched CNBC and took notice that maybe the Hertz offering is bad for the general pubic.  Amazingly, the stock rocketed 21% higher this morning before settling around yesterday’s close price.  Anyone trading this stock at this point would be better off finding a roulette table!https://www.cnbc.com/2020/06/17/the-sec-told-bankrupt-hertz-it-has-issues-with-its-plan-to-sell-stock-chairman-jay-clayton-says.html…

Thoughts from June 16, 2020

Buffett scolded again…and again…and again.   It has been a rough few years for Mr. Buffett, but don’t think he hasn’t seen this before.  Is this time different?  This time valuations don’t matter?  Has this generation finally outsmarted the financial markets and established a new higher plateau where prices can only go higher?  Mr. Buffett,…

Thoughts from June 15, 2020

CalPERS borrowing $BILLIONS In a short few weeks, it will mark the 7th anniversary of moving my family from Los Angeles to Raleigh, NC.  The list of reasons why is long.  CalPERS is just another ridiculous organization that I am glad to be away from, but sadly, the stable retirement of many friends and family…