The best news. Look at the lines:
One day, in the not too distant future, the U.S. will no longer give Saudi Arabia et al money to fund terrorism. I pray this date comes soon. I wish the Administration were more pro-active in making us energy independent and less reliant on these seriously bad people.
Not a brilliant quarter in the stockmarket. But a certainly volatile one:
Europe is hurting from Russia problems. From The Detroit News:
Dearborn – — Ford Motor Co. said Monday that recalls and troubled markets in South America and Russia will result in lower-than-expected profits in 2014. But the automaker expects to increase sales as much as 55 percent by the end of the decade.
Ford Chief Financial Officer Bob Shanks said at the company’s “investor day” that Ford will miss its original goal of between $7 billion to $8 billion in pretax profits this year. He said the Dearborn automaker now expects to make $6 billion in pretax profit, after subtracting $1 billion in warranty costs from recalls, as well as added costs from 23 new global vehicle launches and higher-than-expected losses in South America and Europe because of financial and geopolitical turmoil. (My bolding.)
Ford expects to lose $1 billion in South America this year and another $1.2 billion in Europe, mostly due to problems in Russia. The automaker forecasts a $250 million loss in Europe in 2015, after previously predicting to turn a profit there next year. (In short, Putin has his own agenda, which does not include helping U.S. companies.)
There is talk in the U.S. of an upcoming big slide in the stockmarket. Cramer talks of “peaking.” Several professional bears are getting more vocal. I’m not among them. There is good news: China manufacturing is holding up. U.S. employment continues to pick up. I’m not in the “doom and gloom” camp.
There is bad news and this should continue to affect our investing: Stay away from industrials with a big exposure overseas: Europe, Russia and Brazil.
Keep searching for companies like GPRO and AGIO. If TASR drops more, it could be interesting.
We need to keep an eye on what activists like Carl Icahn are doing. He pushed for PayPal separation from eBay and look:
There is no why here: Roger Cohen attempts to understand the barbarism of ISIL. Click here.
Ten useful tips for buying a new TV. From Men’s Journal. Click here.
Don’t do stupid: Friends are hobbling around with lower back and hip problems. They forgot two things:
1. They’re not getting any younger.
2. Don’t do stupid. That includes everything from lifting heavy stuff (an absolute No-No) to not napping in the afternoon, to not doing the tiniest modicum of exercise. Note: walking is not exercise. Getting in and out of chairs and cars means using your shoulders and your legs — not your back.
Friends with back problems (also called sciatica) also worry too much about things they can’t control. A new job or a new career might be less stressful. Stress takes an awful toll. By now you should have learned how to deal with it. Saying NO more often is a good beginning. Thinking before you do stupid works.
Oh yes, don’t bail on this market because it’s been painful in the last few days. Look at all the pain of the last five years (all those painful blips down):
In praise of setting priorities.
On the morning that Daylight Savings Time ended, I stopped in to visit my aging friend.
He was busy covering his penis with black shoe polish.
I said to him, “You better get your hearing checked – You’re supposed to turn your clock back.”