Mr. Market says Trump will win and stockmarkets will boom.
If Biden wins, Mr. Market says stockmarkets will collapse under the weight of new taxes, and resumed restrictive regulations.
Each of these “predictions” is built into the market. We’re only two weeks away. So, who knows?
I know enough to know that I don’t know.
And I won’t do anything stupid — like sell my meticulously-assembled portfolio. (Ha!) See the right column on my web site. Click here.
When I want to drive myself crazy, I watch the value of my portfolio go up and down — like a whore’s drawers, as they say in Australia, where I was “educated.”
My “big” accomplishment today was throwing out three months of newspapers and magazines that I was going to read in depth, one day. Headlines were OK, for now.
I like Cramer. I recognize he has an hour to fill. Just like I have a blog to write. And sometimes we ain’t got much.
Cramer and I have been saying prices of hot tech stocks are far too high — based on conventional metrics. But they keep on going up because they’re going up.
He had two charts last night:
All of these stocks are in our portfolio. All are up, some more than others.
His second chart:
We own some of these. Most of these have done well. I own one share of Snowflake on which I’m losing the grand total sum of $30.39. Friends of mine got it for pennies long before it went IPO. Lucky rich fellows.
I don’t own Zoominfo. It hasn’t done anywhere near as well as Zoom Video which I do own. I don’t own FROG though it bounced today on Cramer’s recommendation last night. DDOG (Datadog) has done well. I need to look at it a bit more. I don’t know anything about Amwell.
More research to do. Meantime, tennis beckons.
Wear a mask on the plane
If you refuse to wear a mask on a plane, they’ll kick you off and put you on a “No Fly” list.
How PayPal makes its money
I sent $110 to a friend in England. PayPal charged me $4.99. That’s an outrageous 4.54% commission.
I don’t care. My PayPal stock is up gobs.
Useful stuff
+ Connecting to your Internet is much faster with an Ethernet cable. Connecting via WiFi can be painful.
+ If your Internet suddenly slows to a crawl, turn off everything. Wait a minute. Then turn on everything starting with your supplier’s router, then your WiFi .
+ I’m eating twice as much as I should. You are too.
The headline says it all
+ 33-year-old coronavirus denier with 1.1 million followers dies of COVID-19
I don’t make this stuff up. The “real” world is amazing. Read the full story here.
Sorry I’m late
Best excuses from this month’s Reader’s Digest:
+ I was a Federal agent interviewing a young man for his security clearance. I knew he had been arrested for speeding a few years earlier. But he hadn’t said so on his application.
When I asked him why, he said he didn’t think the arrest counted.
“Why wouldn’t it count” I asked.
Because I didn’t have a driver’s licence.”
+ I was an hour late for my appointment at the sleep-disorder clinic.
My excuse, “I overslept.”
This just popped up on my iPhone
Looking into the wood this morning
I’m off to play tennis. That will happen. And I will win. In Shalalah. (Arabic for God Willing. But most unlikely.)
See you tomorrow. — Harry Newton
