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No growth if the shutdown continues. Eight square miles. Guess where?

Jamie Dimon says we’ll have no growth this quarter if the shutdown continues.

The current government shutdown is now the longest in American history. It affects 800,000 federal employees.

Of those, about 380,000 have been furloughed, meaning that they cannot work or get paid. The rest, whose positions are categorized as essential, are working without pay.

That’s just ducky.

Someone said Washington is eight square miles surrounded by reality.  That’s not physically accurate.

But you get the message.

The Chinese have had the world’s longest wall for over 2,000 years. It’s been very successful.

In all those 2,000+ years, not one Mexican has scaled it.

Meantime, FAANG stocks and MSFT are rising. Especially Netflix which announced it’s sharply raising its prices. (And everyone will pay.)

I’ve eased back into these stocks.

I suspect getting out and then later getting back in was the dumbest thing I’ve done in eons.

There is a good argument for ignoring BubbleVision and the financial press. Their job is to sell viewership and subscriptions.

Their best marketing tool is angst.

Angst about it going to hell and a hand basket.

Angst about it going through the roof and me missing all those delicious profits.

We have rules when it goes down — stop loss orders.

I need a new rule when it goes up. How about;

+ Sell a quarter of what I own when it’s risen 50%.

+ Sell another quarter when it’s risen 100%.

+ Keep the rest and play with the bank’s money.

Last time — October 2018 — I sat there watching my good fortunes increase daily. Until they no longer did.

But I wasn’t smart enough to figure the music was about to stop.

Thoughts?

I’m getting good at saying NO. 

It’s the most important — and hardest word — in the English language.

Figure it this simple way. Every time you say YES, you’re probably about to lose money.

Better: Take a nap. Play tennis. Go for a walk. Hug the grandchildren. Mull your idiocy.

Don’t do stupid

From BottomLine:

What’s deadlier than stroke, diabetes or Alzheimer’s yet almost completely preventable?

According to the Centers for Disease Control and Prevention (CDC), the answer is accidents and unintentional injuries!

Year after year, accidents are the third most common cause of death behind heart disease and cancer. In 2016, there were 161,374 deaths from falls, auto accidents, poisonings and other unintentional events. For men and women ages one to 44, unintentional injury is the most common cause of death!

BottomLine’s tips:

+ Wear proper footwear.

+ Get the darn step stool from the closet. Don’t use an unstable chair.

+ Get your eyes checked. Better to see your stupidity before you do it.

+ Don’t shuffle. Tripping is not fun.

+ Ask for help. Young, strong men will help you lift your heavy unwieldy bag into the overhead bin.

+ Pay a trained professional to do it for you. Like cleaning your gutters.

+ Use the handrail. That’s what it’s there for.

Read these explained here.

Fun cartoons




HarryNewton
Harry Newton, I revel in my grandchildren and bore you with pictures of them. From left: Peter, Sophie, Eleanor and Zoe.