I sat seven hours in my dentist’s chair yesterday. The market went through the roof.
Today I’m not in my dentist’s chair, and the market is falling.
The obvious implication is I should return to my dentist immediately, if not sooner.
Well, it’s not going to happen.
I’m running out of teeth for him to fix, or holes for him to fill. He’s already hit 43% of my teeth — 12 out of a potential 28 (excluding the wisdoms, which I don’t have. Please don’t say “it shows”).
In short, I have no idea why markets went up strongly yesterday, or why they’re falling strongly today. But there are lots of theories on the Internet. Enjoy the fiction.
If you have young children or grandchildren, you may ask them what time Chinese people go to the dentist?
And the answer? 2:30.
And yes, my tooth hurts this morning which makes me bereft of inspiration.
Which is why I’ll see you Monday.
Harry Newton who has finally found a way to get rich: Time Warner will pay him $1 for every hour it wastes of Harry’s time. I used to run a company. And the thought of running one with a reputation as bad as Time Warner’s in California’s Coachella Valley leaves me gasping. Every time I mention Time Warner to people here, I’m greeted by gales of laughter and a desperate urgency to tell me their latest “Time Warner nightmare story.” It’s a local cultural phenomenon.
The Indian Wells Tennis Tournament is playing on the usual suspects — The Tennis Channel and ESPN, or ESPN2, or ESPN3 (which is online, not through Time Warner). I believe Serena plays this evening.
Thanks for ISoPE.
If you are REALLY are ISoPE, check out LUV. I bought it in 1983 when Herb Kelleher was on the BoD of a Dallas start-up I was an officer in.
LUV has a near monopoly of the airport in the heart of Dallas (check the growth numbers of Dallas and Love Field for what that means).
[And BTW, that chart predates Rick Perry in spite of his braggadocio while he campaigns for POTUS. ]
My kids will inherit our LUV shares. The stock has been the best equity investment I have ever made. And I have been in equities since the 80’s.
Thanks for ISoPE. I log on there ever morning (right afer reading Ed Wallace’s insideautomotive.com).
Obviously can’t wish you more time at the dentist, but if it helps the market……
Your example with the former cable monopoly Time Warner is just one more reason the recent FCC decision to regulate and manage the Internet is not insanity. It’s vicious ugly politics at its worse. The big guys love Net Neutrality – why else would they support it? Even dumb Netflix is having second thoughts, some 300+ secret pages later. Come back in 5 years and if not retracted, unlikely, just see the effect – none good. A disaster in the making by the idiots in Washington. Supported by the big bad guys.
Transient bacteremia. A flood of oral bacteria sweeps through your bloodstream every time someone works on your teeth and gums, even when you floss and brush. A colleague brought this up recently that in Europe the prevalence of dentures in seniors (and even just middle-aged folks) is much higher and the incidence of heart disease is lower. Maybe not a causation, but even without the increase in disease, just the raw expense of dental work has some significance…of course, your dentist won’t want to discuss this.