I’m buying an F-150 Lightning.
I have no idea what I’ll do with it, since I don’t need a truck, have never needed a truck and probably never will.
But it seats five, goes like a rocket, is built like a tank, looks cool, does a lot of clever things and costs under $40,000. Look here at some clever things it does:
Moreover, by the time I get delivery of my silver F-150 Lightning — middle of next year — my Ford shares will have more than paid for it.
Then, my F-150 Lightning will be FREE.
It’s my “new” investment strategy. I should make a profit on what I buy from the company. To heck with P/E, IRR, cash flow, price-to-sales. That’s for sissies.
I’m already doing OK with Amazon, Apple, Generac, Nike, Google, and Home Depot. I’m making a profit with them.
This philosophy of investing is called Reverse Peter Lynch. It really isn’t. I just made it up.
So where’s the stockmarket going?
Recently, the market has been awful — especially tech stocks — but that was because everyone was selling them to pay off their taxes — which were due last Monday.
Now we’re shooting for the stars — especially my beloved tech stocks. See my list on the web site.
Why take my word? Here are words from Joel Ross of the famous Ross Rant newsletter. Just in:
Here is my view of the stock market. There is a massive, unprecedented amount of cash flooding the world now, with the consumer savings at extraordinary levels. The various governments around the world have flooded their systems with additional massive cash flows. The Biden administration is letting the far left run wild with radical left spending programs. All of these things have combined to create a massive excess of savings in the world, and in the US. There is now not even a real lack of cash for the unemployed who in most cases are making a lot more not working than if they worked. Sixteen states have ended the $300 so there is hope. Result. There is no real alternative for all that cash to go anywhere other than savings accounts or the stock market. Bonds make no sense and will continue to be losers for a long time as the economy heats up and rates rise. Commodities are too hard for most of us to understand. Emerging markets are still far from getting on top of the virus due to slow vaccinations. India being the prime example. Real estate is not readily accessible to most, other than a REIT, or their own home. So the only real place for all that cash is the stock market to earn a return. For that reason I believe stocks have a way to go in the short run, and possibly for much longer. One of the most prominent, and by far, smartest people I know in Wall St, believes the amount of cash will keep the market going up for two to three more years. The reason the market went down last week was taxes are due May 17, so there was massive tax selling. That was exacerbated by the inflation report, and the reality that rates will go up from here. The Fed is likely to move sooner than they have said.
Bitcoin is up today
It’s back over $40,000.
I actually wanted to buy some under $40,000 but, well, I just don’t know enough or trust enough, or am just plain stupid.
In my bitcoin buying endeavors yesterday, I got this message from the largest bitcoin exchange (allegedly):
Imagine if I had been trying to sell $100 million of bitcoin and got this “An Error has Occurred” message… I would not be a happy camper.
I still don’t own any bitcoin. Maybe I’ll have more luck with DoggyCoin?
That’s it for today
All my tech stocks are going up. All my industrial stocks (except Ford) are going down. These are down today CAT, RTX, CLF, UNP, WM, IP, RSG and RTX. Playing the rotation game doesn’t work. I need shrinkery.
Isn’t the Internet is great? Look what I found to illustrate today machinations.
See you tomorrow. — Harry Newton
