Buy on anticipation. Sell on news. That’s the silly expression.
The government is open. The shutdown is shut down. What more could we want?
Cost the economy, by one estimate, for all the nonsense: $24 billion.
Now we watch earnings. Many are magnificent.
The deal to end the shutdown and raise the debt limit did not affect Obamacare.
XLV is the healthcare spider. It’s an interesting way to play Obamacare. Its ten biggest holdings are Johnson & Johnson (JNJ), Pfizer (PFE), Merck (MRK), Gildead (GILD), Amgen (AMGN), Bristol-Myers (BMY), UnitedHealth (UNH), AbbVie (ABBV), Celgene (CELG) and Biogen Idec (BIIB).
I bought a little Tesla yesterday. I should have bought it eons ago.
I haven’t driven a Tesla. But apparently everyone who has, has fallen in love with it. And you can’t shut them up.
My friend, David Epstein, is a car buff.
“I drove a Tesla this morning. You and Susan should go drive one, in a word the car was phenomenal.”
David, please give me the five features you really liked about the car?
1 – Pure power, instant torque, never felt acceleration like it with handling to match – never driven a vehicle like it, and I am a “car” guy.
2 – Simplicity of design – in the Tesla shop they show you the bare chassis of the car. There are very few moving parts, no pumps to wear out, no belts to stretch.
3 – Safety that looks like it may be second to none – the car was off the charts in crash testing, looking at the bare chassis you can see why.
4 – Very nice interior tech — finally a car that is running a current generation processor, not some 486 from 1998 in the dash.
5 – $4 “fill up” vs $80 in my Audi and maintenance that will consist of tires and alignments and that is about it.
This is our new $100 bill.
The real one doesn’t have the word “specimen” all over it. I got one yesterday and tried to scan it last night on my Epson printer. It came back with an error message saying I wasn’t allowed to scan currency. I have no idea how it knew about my new career. I had to go on the Internet and find an approved image. Mine would have been better. The Epson does a great job. That blue vertical bar seems to be some holographic plastic insert.
Neat project. From the latest issue of Popular Mechanics. Once it was a phone, then a music machine, then a GPS navigator, then an Internet surfer… now the iPhone is a full-fledged scanner. I have bought a little Apple, once again. It will be over $500 soon.
Latest new Yorker cartoons:
The story of Sara Blakely, how she created Spanx and became a billionaire.
Drop everything and watch Sara Blakely interviewed on yesterday’s CNBC. She is bright, funny, ebullient. Wait till she tells you about her interview with the BBC. At the end of it, there were tears flowing down my cheek. It was hysterical. She was sitting next to Warren Buffett, who was clearly in awe. She’s an inspiration to us all. Imagine, a billionaire from underwear.
For the CNBC interview video, click here.
Harry Newton who was negligent about adding some of the stocks he’s talked about to the list on the right. They’re there now.
This country is doomed. Ted Cruz is the ONLY person in WAshington I place any stock in whatsover. He’s our hope for the future. If you can’t see that, Harry, then get your elderly ass back to Australia where liberals dominate.
Sorry, liberals don’t dominate in Australia. It’s a very pro-business environment.
That country is run by dingoes.
Hmm, don’t thing so. I think you will find that they are in fact drongos, not dingoes.
Harry-does it really surprise you that your printer wouldnt let you make a copy of the bill?…….Most people dont know that a copier has a memory of every document you printed/scanned or faxed…I wouldnt even be shocked to hear that those printers(connected to a network) are sending copies to some NSA/CIA storage center for further review.
nothing surprises me any longer. what I was wondering is what the technology the bill had that prevented it being scanned?
That would apply only to larger copiers, which have an on-board hard-drive. Probably not to a desktop, all-in-one (Harry said he was ‘…scanning on (his) Epson printer…’, so I’m presuming that’s an all-in-one Print+Fax+Scan devices.
However, if you build that iPhone scanner stand, I bet that would be the best way to ‘scan’ the $100 bill. I doubt the phone would care about blocking a bill!
Harry, a great article in today’s International New York Times by Thomas Freidman (if I got his name right) about debt and our kids. And the dismal future they face in today’s government spending continues. He is hardly a conservative, so his concern may help change your “more government spending” philosophy. Our current direction, at the federal, state and municipal levels is insane. Here in Germany, the local WSJ paper points out that even German firms are now investing elsewhere.
XLV is an interesting ETF, wold you buy some now after the run its had? I was wondering why we keep coming out with new $100 bills and now I know why. I was talking to a friend of mine who ows restaurants and he gets customers using counterfeit money frequently. Interesting to note that the most poplar denomination he sees counterfeited is the $20. And apparently the thieves that are real good at counterfeiting bleach real bills to use the paper because the paper is the hardest part to replicate.
Tesla management fits your philosophy too. Elon Musk will stay involved and has significant, long term incentives. They have recruited the best talent and allowed them to design from a clean sheet. Ultimately, they have created the best car available. Plus, they are ahead of the competition with battery cost which is a huge advantage in the years to come.