85 years old. May you live forever and the last words you hear be mine. My father always said that to his brother. Thank you for you golf club shennanigans early in your career. Character is everything. Very clever and very endearing. Thanks for the lessons.
One 1/4 point raise by the FED to scare the market, create capital gains tax for gov't and make banks happy and then that is it for a while. China may have the kibbosh on rate hike for a while.
Added a few shares this morning under 141. At least I won't do anything stupid with that money. Figure brk-b book about 110 in a year so 132 will be the 120%. Just dont see where all the money is going to go.
Better credit rating than US government. Consumer staples and Obamacare money flowing into JNJ. Sell so I can buy lower. 16x with these interest rates is very nice. Gonna get my divy soon.
Bullish case is the Dow was at like 100 in the 1920s and it is at 17,000 now. Bullish case is that politicians are crooks and print money and make everything more expensive. National debt is going to zippiddy do da right past 20 trillion soon and that does not include unfounded liabilities. Seems like a bull case to me unless you think fewer people will want to eat and fly and new railroads are popping up like whack-a-moles.
Of course Greece doesn't really make anything so it is just a ban on sending back drugs that were sent to vendors in Greece. Politicians blame drug companies for sending back drugs. Unfortunately the same politicians created the mess. Pigs in shi....! Has anyone else done the accounting on what the average citizen in the USA owes (including unfunded liabilities) compared to average citizen in Greece? I think we have already crossed the Rubicon.
I keep waiting for oliver stone to move there. Soldiers took over polar and nestle distribution center that employs 2000 people and is the main distribution center for the country to supply housing for 50 families. Unfortunately after everyone dies from starvation there won't be much need for housing but the 50 families that are getting housing are very very happy and will vote in favor of the current goverment again.
140.50 today. I will need to stay on my toes for the next smack down to 136.04 or below. Glty. Been a tough week. +jnj today. X date next fri. Talking about being in high 96s after getting the divy on that lot.
Why isnt David Stockman filthy rich? He seems to be calling the tops in markets at all levels.
Maybe he has done the simple math in his head that he would be better off or about the same if he never sold some of the stocks he bought that fit a certain criteria. The criteria for commodity stocks would be different than brand stocks which I don't really remember him selling a big lot of before PG this year for Duracell.
As crazy as that sounds you might be right. Check out fxi. Transports sucking real bad tho. Vix over 19. Cashed out jnj and utilities. Jnj x-div tomorrow. Just going to buy brk all the way down and let web and his buds figure it all out. Wmt jnj and pg were only ones in dow up earlier. Charts look horrible and only 30% over 200 day moving avg now. 15 to 20 times earnings with zero interest rates seems reasonable, low interest rates create too much capacity from too much capital. Bubble pop time.
Non-cash impairment charge. FFO as adjusted remains the same. Secured note. Why did Gallagher go is a more important question. Integrity of management is a high priority and there should be a reason given ... even if it is just for personal reasons. Give an honest and candid statement on top level management changes or you are going to lose your good investors.
Of course. He is sitting on a pile of cash after selling his netflix. Come on market. Get in my belly!!!!
Why solve real problems and deal with real issues when you can just give everyone money for free by having the FED buy all the debt? What a fantastic time to be a politician. They are like gods. Mannah from heaven.
Add product liability for the batteries and self driving cars and you will understand why they currently will be sold mostly directly. Not talking about the weaker and less volatile batteries but the Teslas.