One horrid day and our year’s gain were wiped.<\/p>\n
Desperate, CNBC called Warren Buffett. He gave his usual spiel:<\/p>\n
Companies I like, I like even more when they’re marked down.<\/p>\n
Down days always make me feel good.<\/p>\n
Was yesterday a buying opportunity? My friends thought it was.<\/p>\n
I have no idea.<\/p>\n
I nibbled and bought a little LOCO, GILD, JNJ and I bottom fished WFM — though normally I hate bottom fishing. It was a gamble.<\/p>\n
I don’t know what caused yesterday’s drop. Most “observers” discounted the overseas mess — from Gaza to Ukraine and now really tight sanctions on Russia that might really hurt.<\/p>\n
There is talk of the Fed raising rates early. It’s talk. Maybe that’s it?<\/p>\n
Earnings have not, generally been ebullient. But uninspiring enough to put the market on a major plummet? I doubt it.<\/p>\n
We’re been through 300+ down days before. They aren’t pleasant.<\/p>\n
If you have stocks you like, keep them. If their fundamentals have changed, dump them. Old philosophy.<\/p>\n
Futures are down as I write this at 7:30 AM.Yuch.<\/p>\n
I’m keeping today’s post short. I’m going to play tennis at 8:00 AM. I’ll be back by 9:00 AM.<\/p>\n
By then we’ll have this morning’s important unemployment numbers — first Friday of each month. Cross your fingers.<\/p>\n
To help save our economy,<\/strong><\/span><\/p>\n the Government will start deporting seniors (instead of illegals). This will lower Social Security and Medicare costs. There are two benefits:<\/p>\n 1. Old people are easier to catch and,<\/p>\n 2. Old people will not remember how to get back home.<\/p>\n![\"OldPeople\"](\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2014\/07\/OldPeople.png\")
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\nHarry Newton who finds tennis more pleasurable than watching this week’s ticker.<\/p>\n