Good Friday: Exchanges are closed. Despite what I wrote yesterday, I have not gone to cash. I remain optimistic for low-P/E, good-growth, value stocks. But it’s not an easy market. Squirrely.Volatile.
Huge amounts of cash are floating looking for a home (not bonds, which suck).
If this market does take off, we are likely to see a huge inflow of all the present sidelined market. No one can guess when this might happen. But it will happen — when it’s too late (for them, but not us).
Meantime, I bought a little more HON, JNJ, QCOM and MMM.
Meantime, have a great weekend. Read Michael Lewis’ book Flash Boys. Get lots of exercise. Hug the family. I’ll see you Monday.
— Harry Newton
Harry,
What is your religion?
Jewish.
Hi Harry-hope you are having a good Passover this week. Happy Easter to everybody!
Passover and Easter:
While the tradition of calculating the date of Easter based on the date of Passover ended many centuries ago, the holidays share some very deep truths of which all people can avail themselves. Who doesn’t need to be reminded that however dark life may be, that however cold and lifeless the winter has been, the promise of spring, and the possibility of rebirth and renewal is always there?
Whether discovered in the story of a nation making the journey from Abraham’s early successes to the Israelites’ slavery and subsequent redemption, or in the story of one who lives, dies and is born again, we must all celebrate that life holds more possibility and potential than we first imagine — that there is reason for hope, and that in celebrating triumphs of hope from the past, we can unleash new stories of hope in the present and in the future.