Quick! What was our headline Monday morning?
“Job Weekly Rally – Imploding America.”
So, how’d our “rally” work out?
Well, up more than 600 on the Dow and up 90-something in the S&P.
Today? Well, things promise to be a little more challenging.
Telling the Future – Based on Stock Prices?
People pay an inexplicable amount of their attention on totally useless input.
Maybe – since the American education system has become a political tool of the left and corporate designs – it’s because little focus is placed on becoming high-functioning successful people.
Successful people I know (and I’ve helped make several quite successful!) have one thing in common: They don’t give a rip about water cooler minutia, gossip, sexism, racism, politics, or any of the mountain of digital spew heaped on your phone and eyeballs.
They one care about news they can use and ACTION.
This Morning, For Example
George and Elaine (still on the hip mend) sit out here in the woods with 31-cents in retirement but no bills. Our focus? Making each other happy/taking care of one-another, and enjoying the “golden” time of life.
Which is hard when there’s a 24-7 horror show on every media channel we turn on.
Still, we try to avoid getting sucked in to the “Echoes of Trump Hate” and other social dementias that roll in GOSUB loops in [useless] mainstream media. For example, gone from D.C. for more than a month, the NY Times offers three Trump-based stories on its front page this morning. Yeah…political dementia is a hard one to break.
So it celebrementia. The cross-down big paper in NYC (the Post) has nailed the total fascination with celebrities. Even the “unfamous and irrelevant” (usually self-proclaimed ones).
Their front page manages to avoid the word Trump completely (a plus). But then they roll with “Handsy Andy” piling on Cuomo and the falling fortune of Mitt.
[Conspiracy note: Bet me after “the fall” that Mitt will vote for whatever the Bidenista’s table in the Senate?” Z’iss messaging here, or what?]
Rich People Don’t Care
Neither do people living their own lives. Trump is gone (so, too, is a b ig chunk of the GOP). Handy Andy is New York’s problem – and like governor Gruesome in Kalifornia, it only matters when the recalls begin. Everyone else takes a chill pill and plays on.
Do successful people care about Tiger landing his ride “in the rough?” Tell me how I can trade that or how knowing anything about his injuries gives me competitive advantage and we’ll have something to talk about…
Actionable Information Counts
OK, yeah, so maybe I blew out of a short position Friday – on the fear the market would run up ahead of the serial jobs data starting tomorrow with the ADP report.
AND, so maybe with the market up just under 700 Dow points Monday I might have taken a tiny unlevered short position on the theory “What Goes Up…” We’ll see how that works out.
But, the reason to spend more time figuring out how to beat video poker games and run up a pile of dough on that kind of App is to learn self-discipline as relates to Trading.
As in poker, there are streaks in Probability Theory. Runs and dry spells. Ever since Samuelson at M.I.T. figured that on any day the odds of a gain were nearly 50-50, we’ve enjoyed Casino games as a kind of training ground for stocks. Readings: Samuelson and Nordhaus “Economics.”
Whether on Wall Street or at any of the excellent Indian Casino’s along I-40 across several states, there will always be Winners (who can sense how Luck is running) and Losers who don’t have a clue and don’t know when to take a small profit to avoid a big loss.
When you’re young, you can take more “flyers” – big bets with potentially big payoffs because time is on your side. As you get older, your personal Beat (variability, appetite for risk) declines since the “Great Shot” clock says the Game of Life will be ending sometime…
Still, here’s an assortment of today’s real Opportunity Headlines to ponder and play…depending on personal beta, of course.
See yah, Jumpin Jack Flash: (* It’s a what?) “Mar 1, 2021 – Energy & EnvironmentCities are starting to ban new gas stations.”
Which leads to a “plug” for Volvo? “Volvo to go fully electric by 2030.”
The more you look at the charts here, sure looks like CV-19 was a political bioweapon to us. This as states are easing restrictions. And doing mostly nothing (that wasn’t in play already when Biden took the Oval) we find the shape of the data to almost exactly the Election to be troubling.
“Get Over it Ure:” RCL is planning fully shot cruises…and maybe when Elaine’s done with hip-hype… Stock was in the low 90’s when I looked Monday (hunch look, right?) was around $91. Ignoring the “little trading voice” I didn’t wade in. Stock closed Monday down 2% but it was up half a percent in the pre-open earlier.
Social Media practicing medicine now: This as Twitter decides what’s true about CV-19 twits. Trusting Social Media to determine Truth is like trusting a lynch mob to deliver justice. Might work, but would you bet your life on it?
Overtime on the Docks? There is so much Port congestion on the West Coast (since we don’t make what we consume) – we totally depend on Asia) – that some delays in product avails may be coming. Which we figure will add-in to inflation pressures on the next bond market fail/market collapse mid April-ish?
Our favorite “growth industry” is the new Blame Industries. Today’s sampling includes:
CBS reports our daily winner: “6 Dr. Seuss books will stop being published due to racist images.” (Say, does this mean the Little Engine that Could was a bully, too?
Even more threatening to (once hallowed and worth dying for) Free Speech: Epoch Times reports Amazon is quietly banning books containing unidentified ‘hate speech.’
Thanks, lefties in Education: “Mock slave auctions, racist lessons: How US history class often traumatizes, dehumanizes Black students.”
And here comes a new pinnacle for programming (GIGO) as “Scientists invented an AI to detect racist people.” “Scientists?” Not “Agenda-driven hate monetizers and human-dividers who found an easy market?” Hmm… So…who tells A.I. what to think? The same people who were behind the BSOD and failed updates who insist they are always “right.”
On that note, I’m going to go slip my wife some drugs and a bottle of Ensure while I whip up a cardiovascular blockage-based breakfast.
More “too rational to be uttered in Public” tomorrow on Peoplenomics.
Dow futures were almost back to even at click time.
Watch auto sales figures due out today. AutoZone same store sales were up strongly which (to the nutter way of thinking) means people may be doing more work to keep older cars on the road. But, we shall see…maybe strength in the detailing aisle with all this home time to burn? We take a shine to that idea, too…
Write when you get rich,