{"id":50023,"date":"2020-03-25T10:34:44","date_gmt":"2020-03-25T14:34:44","guid":{"rendered":"https:\/\/www.technologyinvestor.com\/?p=50023"},"modified":"2020-03-25T11:18:58","modified_gmt":"2020-03-25T15:18:58","slug":"impeccable-timing","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=50023","title":{"rendered":"Impeccable timing."},"content":{"rendered":"

My timing is impeccable. Feeling depressed late last week, I sold more shares. And then this happened. A huge bounce. This is Nasdaq over Monday and Tuesday — the big bounce.<\/p>\n

In short, Harry’s really good at picking stocks. Just do the opposite of what he says.<\/p>\n

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This is what the big bailout package contains, courtesy Chuck Schumer on TV this morning:<\/p>\n

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It’s $2+ trillion, The U.S.’s GDP in 2019 was $21.4 trillion. So, this bill is close to a 10% boost. I have no idea if it will be enough. I can only imagine that getting the money out there will be a bureaucratic nightmare. Remember Ronald Reagan’s famous quip, “I’m from the Federal Government and I’m here to help you.”<\/em><\/p>\n

Will these monies and the Fed’s enormous injections be sufficient to boost stock prices for the next few months?\u00a0 I frankly have no idea. But there are a lot of people who are jumping back in, viz the nearly 3,000 point rise in the Dow yesterday and so far today (early morning Wednesday). I’m tempted to believe it won’t last. We haven’t heard warnings or earnings for this second quarter. They’re likely to be bad.<\/p>\n

I’ve covered all my shorts, including XOM and Boeing. I was lucky, I covered Boeing just as it began to jump.<\/p>\n

I don’t understand why energy stocks are jumping. WTI crude is still under $25 a barrel.<\/p>\n

I suspect much of the strong positive “action” in stocks today and yesterday is caused by machines, which account for 75% or so of daily trading. When it’s going up, buy. When it’s going down, sell. And front-run everybody’s orders. Yours and mine. Fine for machines. But if I tried that, I’d go nuts. I have enough frustration on the tennis court.<\/p>\n

As I wrote yesterday, “When in doubt, stay out<\/em>.” If tempted,, nibble tiny.<\/p>\n

I wax philosophical<\/strong><\/span><\/p>\n

We\u2019re alive. Everything else is irrelevant.<\/p>\n

We earned it. We can lose it. We can earn it back. We have the brains and the energy.<\/p>\n

For now, there’s real pain in watching the news, of living in constant fear, of watching close friends and relatives come down with it.<\/p>\n

Dial up Netflix. Dial up Zoom and love your distant family.<\/p>\n

This is a time for extreme diligence.\u00a0 For ten foot physical<\/strong> distancing. We must<\/strong> protect ourselves and our families.<\/p>\n

It\u2019s we.\u00a0 There is no one else. It\u2019s our families.\u00a0 There’s no cure. There’s no vaccine. There are no hospital beds.<\/p>\n

I don’t want my hospital bed to be in the Javits Center. Being sick is really gruesome. Dying is apparently worse.<\/p>\n

Good news from Australia<\/strong><\/span><\/p>\n

The first four of the 12 koalas rescued have been released into the eucalyptus forests of Kanangra-Boyd National Park\u00a0 in New South Wales, Australia after recent rains resulted in enough food to support them. They eat eucalyptus leaves. There are a million cute koala videos on YouTube.<\/p>\n

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Finally a “cure” for the coronavirus<\/strong><\/span><\/p>\n

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Read more here.<\/strong><\/a><\/p>\n

Here is a handsome koi fish<\/p>\n

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Uplifting forecast<\/strong><\/span><\/p>\n

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This is George Carlin at his irreverent best<\/strong><\/span><\/p>\n

He’s talking about viruses and germs. Caution: This video contains Carlin’s usual four-letter words.<\/p>\n

If you don’t see the screen shot of Carlin, click on this link. Here.<\/strong><\/a><\/p>\n