Slow day. Techs weak. Typical for First day of Rosh Hashana. Nothing to worry about. Lots of new highs. Check them out here.
On Wednesday Apple will release new phones. Big expensive ones with big margins. Should be long-term positive for the stock — it always is. Right now Apple stock is a little weak.
The tariff insanity will ebb as we get closer to the November elections. That will lift a pall from the markets.
Nike’s flack.
Nike took a hit for its new ad. On balance Nike customers view the ad favorably. Nike’s stock is bouncing back. Here’s the controversial, but gutsy, ad — in case you missed it. I like it. I believe it will work. Few ads get as much free ink as this one’s getting.
Want to live forever? Play tennis.
The New York Times has new research:
The Best Sport for a Longer Life? Try Tennis
People who played tennis, badminton or soccer tended to live longer than those who cycled, swam or jogged.
Playing tennis and other sports that are social might add years to your life, according to a new epidemiological study of Danish men and women.
The study found that adults who reported frequently participating in tennis or other racket and team sports lived longer than people who were sedentary. But they also lived longer than people who took part in reliably healthy but often solitary activities such as jogging, swimming and cycling.
The results raise interesting questions about the role that social interactions might play in augmenting the benefits of exercise.
At this point, no one doubts that being physically active improves our health and can extend our longevity. Multiple, recent epidemiological studies have pinpointed links between regular exercise and longer lives in men and women.
But whether some activities might be better than others for lengthening life spans remains in dispute. One widely publicized 2017 study of more than 80,000 British men and women found that those who played racket sports tended to outlive those who jogged.
You can read the entire article here.
How to change a blocked air filter
I got a renewal from these clowns.
This gives new meaning to The Subscription Economy. Three and a half years early! Check your renewal notices from magazines and software, etc.
Today is Rosh Hashana
Happy New Year. Greet your Jewish friends with L’shana Tova.
It means: May the New Year bring all, inner peace and the desire to do good things and treat each other with kindness, especially those that are less fortunate.
Your Jewish friends will spend much of today at shul (synagogue), sharing traditional Jewish stories and debating the old stock market wisdom: “Sell on Rosh Hashana. Buy on Yom Kippur.” That’s in ten days.
I published the classic Rosh Hashana Talking Parrot Story on Friday. Click here. Here’s another one:
Harry Newton, who wanted to play tennis this morning. But God confounded the weather forecast on my iPhone and made it rain! Go figure. Worse, my Subaru is in for fixing its air conditioning. It went in when it was over 90. Today the temperature here is 56. We’re bundled up. Go figure.
A very poor ad in my opinion. It’s telling people to go beyond, to go out and be doing as per your mantra…”don’t do stupid:.”
I hear there’s a lot of sex trafficking in and around tennis courts in New York City. The moral climate of that city has to be almost zero.
I play tennis every day I’m in in New York City and have been doing so for over 30 years. Sadly, I have never encountered any sex trafficking in and around tennis courts in New York City. But maybe tomorrow, when I’ll play again. One can only hope. I’m not too sure what evidence suggests to you that the moral climate of our city is almost zero. In my 48 years in the city, I’ve found very little dishonesty. Stupidity, yes. But dishonesty, no.
Evidence: Three Card Monte, house always wins…also fake Rolex watches, acts of terrorism, robbberies, carjackings, taxi cab rip-offs…
Harry, if you look at how the sales results for Nike were collected last week you will flip. They were taken from cell phone email and text messages. Which of course, no one is claiming to be using for data.
Just another news story made up to push the narrative.
you saying Nike sales were up or down last week? I didn’t understand your comment.
What I’m saying is that method of determining sales is flawed. In addition, sales above last year were about 1/2 of what they said they were up since they were quoting nominal sales.