{"id":49728,"date":"2020-02-28T11:25:06","date_gmt":"2020-02-28T16:25:06","guid":{"rendered":"https:\/\/www.technologyinvestor.com\/?p=49728"},"modified":"2020-02-28T14:28:28","modified_gmt":"2020-02-28T19:28:28","slug":"my-pain-and-frustration-are-palpable","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=49728","title":{"rendered":"My pain and frustration are palpable"},"content":{"rendered":"

It could hardly be worse:<\/p>\n

+ Trump blames the Democrats for Covid-19. He seems more worried about boosting the stockmarket than containing the virus.<\/p>\n

+ Pence is now in charge. All Fed government Covid-19 statements must now pass through him. Pence as master censor. He has an abysmal public health record. He once said smoking didn’t cause cancer.<\/p>\n

+ Goldman Sachs figures S&P 500 will have no earnings this year.\u00a0David Kostin, the bank’s chief U.S. equity strategist, warns U.S. companies will see no earnings growth this year. “Our reduced profit forecasts reflect the severe decline in Chinese economic activity in Q1, lower end-demand for US exporters, disruption to the supply chain for many US firms, a slowdown in US economic activity, and elevated business uncertainty.”<\/p>\n

+ Peggy Noonan in the Wall Street Journal writes “As for unemployment, if the virus spreads people will begin to self-distance. If they shop less, if they stay home more and eat out less, and begin to cancel personal gatherings-if big professional events and annual meetings are also canceled-it will carry a whole world of bad implications.”<\/p>\n

+ California has its first victim who didn’t travel and didn’t have any contact with anyone — her infection came from an “unknown origin.” California is monitoring 8500 people for the disease.<\/p>\n

There are stats on bad markets. There are “bear” markets and there are “market corrections.” We have a “correction,” so far.<\/p>\n

\"\"<\/p>\n

\"\"<\/p>\n

You can read more here.<\/strong><\/a><\/p>\n

Cramer and Goldman Sachs have lists of companies to buy which have no international exposure. I’m not impressed. Still, here’s Cramer’s list:<\/p>\n

ADOBE
\nETSY
\nMODERNA
\nRingCentral
\nTelaDoc
\nSquare
\nThe Trade Desk
\nNvidia
\nZoom Video
\nShopify<\/p>\n

Here’s Goldman Sachs list:<\/p>\n

Altria
\nCharter Communcations
\nDISH
\nDollar General
\nIntuit
\nJack Henry
\nNorfolk Southern
\nO’Reilly Automotive
\nRoss Stores
\nVerizon<\/p>\n

The season for weird happenings<\/strong><\/span><\/p>\n

+ My dear friend Sara’s Apple laptop got infected by ransomware. The hacker wants money. She says her stuff is backed up. I hope so. She needs to get her machine laptop wiped and put back to its original form–\u00a0 as it came out of the factory. The virus is still on her machine, despite what the hacker says.<\/p>\n

+ Bed bugs have attacked another friend. She is in major pain.b The lesson here is not to check luggage. If you do, spray it when you get home. We use 99% isopropyl alcohol.<\/p>\n

God bless ingenuity<\/strong><\/span><\/p>\n

I found this pancake maker in the Alaska Airlines lounge in Portland. It actually worked and the pancakes tasted good. Just push a button. Wait one minute. Amazing.<\/p>\n

\"\"
\n\"\"<\/p>\n

The pleasures of travel<\/strong><\/span><\/p>\n

Leaving Portland, Oregon on Wednesday on Alaska Airlines, here are two views of Mt Hood from my window seat. Note the Columbia River.<\/p>\n

\"\"<\/p>\n

\"\"<\/p>\n

I’ve tried to buy the dips in recent days. That hasn’t worked.<\/p>\n

Two minutes ago the New York Times posted this headline:<\/p>\n

Stock Market Continues to Plummet in Worst Week Since 2008:<\/strong><\/p>\n

Paul Krugman wrote a piece today:<\/p>\n

When a Pandemic Meets a Personality Cult<\/strong>
\nThe Trump team confirms all of our worst fears.<\/p>\n

You can read his piece here.<\/strong><\/a><\/p>\n

I’ve tried to buy the dips in recent days. That hasn’t worked.<\/p>\n

I’m going to play tennis. That will work better. — Harry Newton<\/p>\n

\n","protected":false},"excerpt":{"rendered":"

It could hardly be worse: + Trump blames the Democrats for Covid-19. He seems more worried about boosting the stockmarket than containing the virus. + Pence is now in charge. All Fed government Covid-19 statements must now pass through him. Pence as master censor. He has an abysmal public health record. He once said smoking […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-49728","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/49728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49728"}],"version-history":[{"count":9,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/49728\/revisions"}],"predecessor-version":[{"id":49744,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/49728\/revisions\/49744"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}