{"id":49916,"date":"2020-03-19T09:50:06","date_gmt":"2020-03-19T13:50:06","guid":{"rendered":"https:\/\/www.technologyinvestor.com\/?p=49916"},"modified":"2020-03-19T13:56:37","modified_gmt":"2020-03-19T17:56:37","slug":"the-good-the-bad-and-the-funny-news","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=49916","title":{"rendered":"The good, the bad and the funny news"},"content":{"rendered":"

There is actually good news today:<\/p>\n

\u00a0 \u00a0 \u00a0+ No new local infections for the first time for one day. China. A 103-year-old Chinese woman has made a full recovery from COVID-19 after being treated for 6 days in Wuhan, China. She becomes the oldest patient to beat the disease.<\/p>\n

\u00a0 \u00a0 + Testing is ramping up in the U.S., finally.<\/p>\n

\u00a0 \u00a0+ Congress is moving on stimulus bills, some of which actually make sense.<\/p>\n

\u00a0 \u00a0+ There are reports of progress on new tests and new potential vaccines — from Israel to Queensland, Australia. Cleveland’s MetroHealth Medical Center has developed a COVID-19 test that can now deliver results in two hours, rather than days. More than 50 scientists in Israel are now working to develop a vaccine and antibody for COVID-19, having reported significant breakthroughs in understanding the biological mechanism and characteristics of the novel coronavirus. San Diego biotech company Arcturus Therapeutics is developing a COVID-19 vaccine in with Duke University and National University of Singapore. Every pharma company is working on a vaccine or a cure.<\/p>\n

\u00a0 \u00a0+ The Administration is finally taking the virus seriously. It and Fox News are now longer pumping out nonsense — that coronavius is minor, will blow over and is a plot by the Democrats to overthrow Trump. Fox News is our biggest cable news outlet. Its change in tone will have a major positive effect.<\/p>\n

\u00a0 \u00a0+ Apple has re-opened all 42 of its retail stores in China.<\/p>\n

\u00a0 + Mr and Mrs. Tom Hanks, who tested positive for the virus, have been released from hospital in Australia and are now quarantining locally. This is great news for those of us who love Tom Hanks, the actor.<\/p>\n

\u00a0 \u00a0+ Good old entrepreneurship is alive and well. I received an email this morning, “Working form home? You need a good chair.<\/em>” It came from a company called — what else? — Office Furniture Heaven.<\/p>\n

\u00a0 \u00a0+ The stockmarket has crashed from insane momentum investing to levels where value investing might actually start to work again. Healthy companies’ stock\u00a0 are being thrown out with the bathwater. It’s truly amazing how far the stocks of good companies have fallen. For now, I’d resist catching falling knives.<\/p>\n

I have pared down my portfolio because, in areas, the pain became too intense. I have done well with “work at home” stocks Zoom Video and DocuSign, and my Boeing and Exxon shorts. But those paper profits haven’t come close to making up for the losses everywhere else.<\/p>\n

Stocks to buy include Regeneron, Moderna and Johnson and Johnson. For now, they’re interesting crapshoots.<\/p>\n

The biggest bad news is that much of the American public is ignoring physical distancing. People “working from home” in Florida are now flooding the beaches. It’s Spring Break for everyone. The Chinese would deploy drones and police to send the people home. Enforcing the distancing rules is a good job for the National Guard.<\/p>\n

I feel positive that we’ll be out of this by the summer. Meantime, everyone is on edge. Our New York City car park lifted Susan’s new station wagon on a hoist and rammed it into the ceiling, smashing its sunroof. Our DirecTV crashed. Our alarm system screamed blue murder because we boiled water for too long. You don’t want a list of our other petty idiocies. I bet you have your own.<\/p>\n

The only certainty today is uncertainty. There is certainty that we will eventually get through this.<\/p>\n

The world lost 50 million people from\u00a0 the 1918 influenza pandemic. It was caused by an H1N1 virus. In those days they didn’t know what a virus was or how to kill it. Maybe the world will now shut down animal wet food markets. I never did eat a bat, or feel like eating one.<\/p>\n

We’ve come a long way.<\/p>\n

Now, look at the bright side.<\/p>\n

\"\"<\/p>\n

Even better good news<\/strong><\/span><\/p>\n

\"\"<\/p>\n

Dealing Drugs today<\/a><\/strong><\/p>\n

\nhttps:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2020\/03\/Dealing-Drugs-today-1.mp4<\/a><\/video><\/div>\n

This is how we fixed the DirectTV antenna on the roof.<\/strong><\/span><\/p>\n

\"\"<\/p>\n

Great idea to put a DirecTV antenna on the roof where it can see satellites, but you can’t see it.<\/p>\n

Fixing issue is another issue. We had to replace the LNB.<\/p>\n

Some of my stocks are showing green on my screen this morning. My learned friend Mark Lev calls this a Dead Cat Bounce.<\/p>\n

See you tomorrow: Harry Newton<\/p>\n","protected":false},"excerpt":{"rendered":"

There is actually good news today: \u00a0 \u00a0 \u00a0+ No new local infections for the first time for one day. China. A 103-year-old Chinese woman has made a full recovery from COVID-19 after being treated for 6 days in Wuhan, China. She becomes the oldest patient to beat the disease. \u00a0 \u00a0 + Testing is […]<\/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-49916","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/49916","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=49916"}],"version-history":[{"count":12,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/49916\/revisions"}],"predecessor-version":[{"id":49962,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/49916\/revisions\/49962"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}