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Strategy for a pullback. Booming rail traffic.

Monday was Ukraine. The market was down. Panic. Good time to buy stocks, as I suggested.

Also a good time to check the VIX. Volatility was way up. World War III was on us.

VIXOver5Days

Good time to sell puts on stocks you own and would like to keep.

Rule: when volatility is up, the price of puts goes up. Hence you get more premium selling them.

 Lots of  rail traffic out here. Much more than we’ve seen seen in years. It’s not too late for these beauties:

UnionPacific

NorfolkSouthern

 Idiot me. I never bought Priceline, because I never used it. But a friend, who has more money than God, swears he saves big money every time he books a rental car through Priceline.

Priceline

Want a measure of Larry Ellison’s awesome skills? You can eye his recent chart:

Oracle

Or you can look at the amazing work he did at the Indian Wells Tennis Tournament (which he now owns).  There’s the new stadium, which he built in less than one year:

INdianWellsStadium

There are other new structures, e.g.these glorious tents:

IndianWellsTents

But what’s most impressive (at least to my mind) is the awesome display of Oracle technology. There are screens everywhere. They show games in play, They show upcoming schedule of play. They show results. …

IndianWellsScreens

Susan and I watched matches yesterday, had dinner at one of the new restaurants, roamed the glorious grounds, brimming with flowers and palm trees. It was 75 with a light breeze. Perfect weather.

IndianWellsFlowers

And free Wi-Fi everywhere. What a nice touch. Thank you Larry.

Juicy intrigue from the latest issue of Vanity Fair:

RupertandWendi
Rupert Murdoch and Wendi Deng aboard his yacht Morning Glory in New York Harbor, June 22, 1999, three days before their wedding. He was 68, and she was 30.

The 14-year marriage of Rupert Murdoch and Wendi Deng ended abruptly last year, after the News Corp. chairman came to believe his third wife had been romantically involved with a former head of state (Tony Blair) and with a prominent Silicon Valley executive (Eric Schmidt). Talking to friends of the couple’s, Mark Seal reports on the shifting power dynamics in the Murdoch household as Deng’s ambitions changed, and tackles the question now being debated: Who blindsided whom?

For the full story, click here.

HarryNewton
Harry Newton, who wishes everyone could enjoy this glorious Coachella Valley weather.

65 Comments

  1. Wendell Cox says:

    Hi Harry, I really enjoy your writing. I think you should make La Quinta your home base and then visit your daughter during June and July and visit your son during August and September. You seem so much more relaxed and enjoying life when you are in the desert and when you are with your kids. You have more money than you can spend now. My two cents plus $5 will get you a cup of coffee at Starbucks. Enjoy, Wendell