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Don’t mess with the Fed, nor Sophie

Thank you Janet Yellen. She’s upbeat on the economy. She’ll hold rates until mid 2015. She used the word “patient.”

Cheap money in an upbeat economy is good.

After yesterday’s strong move, we’re now above the 50 day moving average — red line. The 200-day moving average is blue. The chart is year to date (YTD).

SPXAgain

I have a sneaking suspicion that Google is now a “buy.” Hard to see it falling much further.

GooglABuy

Under siege, the police are massively buying body cameras. Major beneficiary:

TASRAGAIN

I replaced many Radio Shack batteries last night. They were all on their last legs. Then, I wondered where was the stock?

On its last legs also? Yup!

RSHYTD

What an amazing chart. Not the stock you wanted to own this year. I thought about shorting it when it was $1.

Stay away from overseas. I’m not talented enough to figure Russia, Brazil, India or China. Hence I keep away.

But many won’t. Russia is offering 17% on your money. Switzerland is offering minus 0.25%. Switzerland charges you money to keep your money in Switzerland. Russia rewards you — but not enough even at 17%. Remember, what Sergey Brinn said, “Russia is Nigeria with snow.”

My father once put money into Mexico at 14%. It later devalued and he lost most of the money.

This is what you should be reading:

EcnomistHistory

This is what the Economist wrote about:

Slumps

Here’s the link. click here.

Does your computer have malware? Here are the telltale signs. From PC World. Click here.

My recommended solution is Norton Internet Security (without the backup).  $50 a year. Cheap insurance. Click here.

Keep backing up. I prefer the Apricorn solutions — see right hand column.

A little type-cast. But still fun.

The Italian says, “I’m tired and thirsty. I must have wine.”

The Frenchman says, “I’m  tired and thirsty. I must have cognac.”

The Russian says, “I’m tired and thirsty. I must have vodka.”

The German  says, “I’m tired and thirsty. I must have beer.”

The Mexican says, “I’m tired and thirsty. I must have tequila.”

The Jew says, “I’m tired and thirsty. I must have diabetes.”

Tonight is the last night of The Colbert Report. He’s one of America’s most talented comedians and certainly one of my and Susan’s favorites.We watch him every night.

Colbert

The last show begins at 11:30 EST on The Comedy Channel. You can read more about him in yesterday’s New York Times.Wonderful paragraph from that piece:

Mr. Colbert appeared in character not simply on his show, but in appearances elsewhere, including a memorable knockout performance at the White House Correspondents’ Dinner in 2006. (He stirred Bush administration outrage with comments like: “I believe the government that governs best is the government that governs least, and by these standards, we have set up a fabulous government in Iraq.”) He even remained at his blowhard best when he testified before Congress in 2010. (Before a Congressional subcommittee on immigration issues and farm labor, Mr. Colbert’s character said things like, “Maybe the easier answer is just to have scientists develop vegetables that pick themselves.”)

For the full New York Times piece, click here.

Just what I need early in the morning. Larry Summers discussing a subject he (as usual) knows nothing about:

Larry

He’s an “instant expert,” available on a pin drop to any bubblevision who calls.

HarryNewton
Harry Newton whose entire family is coming to visit this weekend, including two new grandchildren — Eleanor and Sophie. Poor Sophie looked happy yesterday when told she was visiting her Gramps (i.e. me):

sophie2