{"id":55676,"date":"2021-09-16T01:21:16","date_gmt":"2021-09-16T05:21:16","guid":{"rendered":"https:\/\/www.technologyinvestor.com\/?p=55676"},"modified":"2021-09-16T01:23:26","modified_gmt":"2021-09-16T05:23:26","slug":"concerns-shortages-and-covid-theyre-intertwined-apples-great-new-iphones-and-watches","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=55676","title":{"rendered":"Concerns: Shortages and Covid. They’re intertwined. Apple’s great new iPhones and watches"},"content":{"rendered":"

The stupid old rule “worked” this year: Sell on Rosh Hashanah. Buy back on Yom Kippur. (That’s today, Thursday, September 16.)<\/p>\n

Here’s the ten day chart showing Nasdaq until last night.<\/p>\n

\"\"<\/p>\n

Looks like it started coming back a day early.<\/p>\n

Today is Yom Kippur.<\/p>\n

Yom Kippur is the holiest day of the Jewish calendar. On this day, Jews seek to expiate their sins and achieve reconciliation with God. Whatever that all means. I’m Jewish. I should know. I think it means I should ask God for forgiveness for all my sins of the past year. But I really don’t want to have to remember them. They were too painful at the time. Does that mean I’m a bad Jew?<\/p>\n

Stocks<\/strong><\/span><\/p>\n

I bought more Digital Turbine (APPS), Cloudflare (NET) and UiPATH (PATH).<\/p>\n

The world of investing faces two critical problems — shortages (of workers and components) and Covid.<\/p>\n

In the U.S., 650,000 have died, or about one in every 500 of us. That’s one reason all I see are “Help Wanted” signs.<\/p>\n

Item: I ordered two dishwashers. They’re taking over a year to deliver! And then some. Maybe February 2022. Maybe.<\/p>\n

Container shipping prices have gone through the roof.<\/p>\n

Covid continues to wreak havoc on the world’s economy.<\/p>\n

The U.S. Tennis Open just ended. The stands were full of unmasked fans. To attend, you had to be vaccinated. That was the rule. No one checked!<\/p>\n

Don’t invest in China stocks<\/strong><\/span><\/p>\n

I’ve said this before. If you listened, you sold stocks like Alibaba and Tencent, JD Com, Baidu, etc. and saved yourself a boatload of money.<\/p>\n

The “problem” with China is its president for life, Preisdent X1. Absolute power corrupts. Absolute power power corrupts absolutely. In China’s case, that means they’re becoming increasingly dippy — from “privacy” regulations, from how much Chinese people can gamble in Macao to how and when chilren can play games, etc. etc. It’s\u00a0 dippy rule du jour. And now it’s cratered Wynn Resorts stock price. Yuch.<\/p>\n

Apple announced new products<\/strong><\/span><\/p>\n

I watched the one and a quarteerhour presentation. It was hypey and spectacular.<\/p>\n

The bottom line: Everything is faster, has better cameras and longer battery life.<\/p>\n

Tomorrow, ‘ll put in my order for a new Apple Watch Series 7 and a new Phone 13 Pro Max (the biggest).<\/p>\n

You can watch a replay of the presentation here.<\/strong><\/a><\/p>\n

Apple’s stock has fallen 4% from its high this year. There are people aggressively shorting it because of its App Store legal problems, etc. They’re wrong.<\/p>\n

There are 34 stocks in my portfolio that are up more than Apple, yet Apple is my largest holding. This makes little sense.<\/p>\n

Time for some rebalancing. Hard to do this stuff.<\/p>\n

These guys once saved my ass.\u00a0<\/strong><\/span><\/p>\n

They just emailed me this:<\/p>\n

\"\"<\/p>\n

ICU hospital beds increasingly are filled with covid patients, while patients with emergencies are turned away, often to die for lack of a hospital bed. Watch Monday night’s Rachel Maddow show. You’ll see what I mean.<\/p>\n

One in every five hundred Americans have now died from covid-19.<\/p>\n

Please get vaccinated.<\/p>\n

The new West Side Story starts December 10.<\/strong><\/span><\/p>\n

Here’s the trailer. The original 1961 movie was filmed 500 yards from our present New York City apartment. I love that movie. I once saw the stage show 12 times in Australia. I sold pictures to the traveling cast. Tri-X black and white on Ilford paper. 50 cents for an 8 x 10.\u00a0 You can watch the original West Side Story on Amazon Prime. Here’s the trailer for the new film.<\/p>\n