Pinch me. Square (SQ) is over $70.
The market is high. But keeps going higher. So stay in. Buy on dips. Be happy. Here’s why:
+ Most earnings are darned good, and rising. Thank you Microsoft.
+ The economy is on a roll.
+ Bad news dips the market, giving us great buying opportunities. “Bad” news is temporary. It’s just more noise.
+ The Trade War will end soon. The key idea was to put pressure on the Chinese to act “fair”. That won’t work. You can’t put political pressure on a leader — Xi — who just been elected for life, i.e. no elections. In contrast, the U.S. has elections. They’re coming up. The Chinese are targeting their retaliatory tariffs for maximum political hit — like our farmers. No American politician wants to hurt his key voters. We’ll walk the whole Trade War thing back soon. “Victory” is at hand.
That’s it.
It’s a perfect summer day. Blue skies. No humidity. I’m in Columbia County, about 127 miles from NYC. I’m about to play tennis.
Summer is thunder and lighting time
We had our first lightning hit of the summer. It was direct. The worst we ever had. Hit the house. A white flash. Huge “explosion.” Very frightening. We lost one DirectTV box, one phone system, the alarm system, and an HDMI splitter. We had the DSL line and all the computers unplugged. That saved the modem and the Internet. The big voltage regulator (thank you Amazon) saved the german boiler.
When it thunders, unplug. Most surge arrestors are not strong enough to withstand direct lightning hits. The cheap ones are the worst.
Make sure everything is either turned off or protected by a decent surge arrestor.
These are hysterical.
Please, Alabamians don’t take this stuff personally. It’s just Harry’s warped sense of humor.
+ A guy from ALABAMA passed away and left his entire estate to his beloved widow, but she can’t touch it ’till she’s 14.
+ How do you know when you’re staying in a ALABAMA hotel? When you call the front desk and say, “I gotta leak in my sink,” and the clerk replies, “Go ahead.”
+ Did you hear that they have raised the minimum drinking age in ALABAMA to 32? It seems they want to keep alcohol out of the high schools.
+ Where was the toothbrush invented? ALABAMA. If it had been invented anywhere else, it would have been called a teeth brush.
+ An ALABAMA State trooper pulls over a pickup on I-65 and says to the driver, “Got any I.D.?” and the driver replies”Bout wut?”
+ Did you hear about the $3 million ALABAMA State Lottery? The winner gets $3.00 a year for a million years.
+ The governor’s mansion in ALABAMA burned down! Yep. Pert’ near took out the whole trailer park. The library was a total loss too. Both books up in flames and he hadn’t even finished coloring one of them.
+ A new law was recently passed in ALABAMA. When a couple gets divorced, they are STILL cousins.
Final wonderful cartoon
Harry Newton. The carton is an excuse for showing off my wacky grandchildren:
They’re what life is really about.
