HERE is one of the economic stories of the day....this one is particularly meaningless. U.S. Consumer Sentiment Drops to 10-Year Low on Inflation Fears https://finance.yahoo.com/news/u-consumer-sentiment-drops-10-150000933.html (BOLD is my opinion OR what I consider important content) "U.S. consumer sentiment unexpectedly collapsed in early November as Americans grew increasingly concerned about rising prices and the inflationary impact on their finances. The University of Michigan’s preliminary sentiment index decreased to 66.8 from 71.7 in October, data released Friday showed. The November figure trailed all projections in a Bloomberg survey of economists which called for an increase to 72.5. Waning confidence reflects “ an escalating inflation rate and the growing belief among consumers that no effective policies have yet been developed to reduce the damage from surging inflation,” Richard Curtin, director of the survey, said in a statement. Consumers expect inflation to rise 4.9% over the next year, the highest since 2008, the report showed. They expect prices will rise 2.9% over the next five to 10 years, unchanged from the previous month. “One in four consumers cited inflationary reductions in their living standards in November, with lower income and older consumers voicing the greatest impact,” Curtin said. Surging costs for food, gas, and housing are eroding consumers’ purchasing power despite stronger wage growth. About half of all families anticipate declines in inflation-adjusted incomes next year, according to the data. The sentiment figures follow government data earlier in the week that showed the highest annual inflation in three decades. While consumers are growing more distraught over inflation’s impact on buying conditions, household spending showed signs of improving at the end of a soft third quarter. “Looking ahead, the risk is outsize, persistent price rises feed into the consumer-inflation psyche,” Bloomberg economist Eliza Winger said in a note. “In the near term, shortages and prices should restrain inflation-adjusted spending.” Political Impact President Joe Biden said in a statement earlier this week that addressing rising inflation is a “top priority” for him as he faces declining approval ratings. The Michigan figures showed a deep divide along partisan lines. Sentiment among Republicans plunged 17 points to the lowest on record while for Democrats respondents it slipped 5.3 points. The Michigan report showed buying conditions for household goods deteriorated sharply, with a gauge falling to a reading of 78 that was the second-lowest in data back to 1978. There were more frequent mentions in the survey of higher costs for vehicles, durable goods and homes. Twenty-four percent of households expect to be worse off in the coming year, the highest since June 2008, according to Curtin. The gauge of current conditions dropped to 73.2, the lowest since 2011. A measure of future expectations decreased to 62.8, which was the weakest since 2013, according to the survey. Americans are also more pessimistic about the economy’s prospects over the coming five years. The university’s gauge fell to the lowest since 2011." MY COMMENT I LOVE it. this is great news for the continuation of the BULL MARKET. This "poll" is meaningless. It reflects....primarily.....the FAILURE of our national government. It also is nothing more than a reflection of the news coverage on a short term basis. It is one of those polls that when you ask someone how they think the economy is doing they say "bad".....but if you ask how they are doing they say "ok" to "good". That is why household spending is improving at a time when consumers are negative. these sort of polls are actually pretty WORTHLESS.
Here is what is going on in the markets today....in general. Stock market news live updates: Stocks advance, J&J shares gain after breakup announcement https://finance.yahoo.com/news/stock-market-news-live-updates-november-12-2021-231704595.html (BOLD is my opinion OR what I consider important content) "Stocks advanced Friday morning after a mixed session in the markets, with both earnings and inflation data remaining at the center of investor attention. The S&P 500 edged higher, and both the Dow and Nasdaq also opened on the upside after a volatile trading week. Shares of Dow component Johnson & Johnson (JNJ) gained after the company said it was planning to break up into two separate companies focused on consumer health products and pharmaceuticals, respectively, in a move echoing a similar breakup announcement by General Electric (GE) earlier this week. As of Thursday's close, the S&P 500 was on track to end the week marginally lower after five straight weeks of gains. However, it still held just slightly below all-time highs. "We've got a market that is just incredible. No matter what it's going up, and that shouldn't be much a surprise given how much money has been pushed into the system," Lenore Hawkins, Tematica Research chief macro strategist, told Yahoo Finance Live. "There's just a lot of money chasing not a whole lot of alternatives." That said, a hotter-than-expected inflation print earlier this week was one key concern for investors, and reinforced that elevated price pressures were not as fleeting as many had initially expected during the recovery. Consumer prices rose at their fastest clip in 31 years in October, or by a marked 6.2% versus the same month last year, to accelerate from September's already lofty 5.4% year-on-year rise. The rise in prices carries implications both for corporations— many of which have had to try and pass on rising prices to end consumers to preserve margins — and for the Federal Reserve. Market pricing currently suggests the Federal Reserve will step in by mid-next year to raise interest rates to try and temper the broadening inflationary trends. Still, many economists have reaffirmed that the inflationary pressures will eventually ease, albeit while likely settling at a higher level than had been present before the pandemic. "Inflation should moderate. We're talking about settling at 2%, 2.5% over the course of the next 12 months," Gabriela Santos, JPMorgan Asset Management global market strategist, told Yahoo Finance Live. "So we're still talking about real wage gains, and that's extremely supportive certainly of people's livelihoods, but also of consumption and hence the economy overall." "We do expect a big re-acceleration in growth starting this quarter and throughout next year, [and] 5% average growth just over the next three quarters," she added. "So we would characterize this not as stagflation, but as reflation. And that difference is, reflation is actually quite good for earnings growth and quite good for the stock market, especially cyclical sectors." 12:38 p.m. ET: SEC rejects VanEck Bitcoin ETF The U.S. Securities and Exchange Commission on Friday said it rejected an exchange-traded fund from VanEck that would have tracked bitcoin spot prices directly. This would have stood in contrast to the the ProShares Bitcoin Strategy ETF (BITO), which was approved and which only tracks bitcoin futures rather than prices directly. According to a filing, the SEC concluded that the fund did not meet requirements necessitating that the fund be "'designed to prevent fraudulent and manipulative acts and practices' and 'to protect investors and the public interest.'" 10:20 a.m. ET: Consumer confidence drops to 10-year low Inflation concerns are hitting consumers. The University of Michigan’s preliminary sentiment index decreased to 66.8 from 71.7 in October, data released Friday showed. The November figure trailed all projections in a Bloomberg survey of economists which called for an increase to 72.5. Consumers expect inflation to rise 4.9% over the next year, the highest since 2008, the report showed. They expect prices will rise 2.9% over the next five to 10 years, unchanged from the previous month. 10:00 a.m. ET: Job openings take a dip Job openings, a measure of labor demand slipped to 10.4 million on the last day of September, the Labor Department said in its monthly Job Openings and Labor Turnover Survey, or JOLTS report, on Friday, down from an upwardly revised 10.6 million in August. Economists had expected 10.3 million, according to Bloomberg consensus estimates. Quits increased by 164,000 to 4.4 million, a record high." MY COMMENT MIXED economic news at best........the number of available jobs and quits remains abnormally HIGH. consumer confidence is LOW. I dont see much impact from this on stocks....but it should help to prolong the BULL MARKET. YES.....there is ABSOLUTELY no alternative to stocks.....now or over the long term. The HUGE majority of the country that is young is NOT going to suddenly decide to invest in bonds or CD's or anything else. Stocks are the ONLY game in town for the long term.
We are in a BIG end of the week....middle of the day....RALLY. SEVEN of my ten stocks are UP by 1% or more at the moment.....Apple, Amazon, Nike, Microsoft, Costco, Home Depot, and Google. A nice way to head toward the weekend. The SP500 will probably end the week at a negative for the week. BUT.....there is a slight chance it might pull off a positive week at the close. In any event......considering the losses we had on Wednesday this week......the fact that we are going to get somewhat close to a positive week for the average is GREAT news.
What are the thoughts regarding breaking GE into three pieces? I've never been able to analyze GE. When I try, it gets really ugly. Surely, I must be doing something wrong because they are still in business. Parts of GE seem to be good businesses, to me. Any comments or ideas?
This is unreal. I love it. I don't think I've ever properly conveyed the thought behind my process of finding value, buying, and holding regardless of market indicators. The most I will do is let cash build. I don't sell down. When people ask why I don't sell in response to clear indications certain market collapse, I tell them it's because I am a moron who cannot predict the market. I'm confident they think I'm being flip and blowing them off because I don't want to answer the question. The reality is that I answered the question. Honestly.
yeah....TomB16.....just like I NEVER re-balance my account. I just let the winners run. I am sure most people think that is really dumb. I have not tried to value GE since I have no interest in that FAILING company or any of their parts.
I dont own Disney....but many do and this is not good news. Disney makes the trend clear: Growth is slowing for streaming services https://www.cnbc.com/2021/11/10/disney-netflix-and-other-streaming-services-subs-arpu-q3-2021.html (BOLD is my opinion OR what I consider important content) "Key Points Disney added just 2 million Disney+ subscribers after more than 12 million last quarter. Netflix bounced back in the third quarter with 4.4 million net adds after just 1 million in the second quarter. Disney, HBO Max and AMC Networks were among the media companies affirming previously announced forecasts. Disney’s earnings report Wednesday told a familiar story for its streaming service, Disney+: Subscriber counts are still growing, but the growth is slowing. Disney announced added 2.1 million subscribers for its fiscal fourth quarter, which ended Oct. 2. That’s down from 12.6 million added the previous quarter. Slowing growth was also the story at AT&T’s WarnerMedia and ViacomCBS. NBCUniversal’s Peacock added “a few million more subscribers” but didn’t reveal a new figure. Only Netflix bounced back this quarter, reporting 4.4 million subscriber net additions compared to just 1 million adds in its second quarter. Netflix is expecting an even bigger bounce next quarter, forecasting 8.5 million new subscribers on the strength of “Squid Game” and other buzzy content coming to the service before year end, including “Tiger King 2.” The slowing growth among most streaming services may suggest pandemic gains are waning as more people return to outside activities and out-of-home work. Still, the general trend of linear TV cancellations and streaming signups appears to be continuing. Disney, WarnerMedia and AMC Networks all reaffirmed previous full-year and future year forecasts. And while pandemic gains may have slowed, production slowdowns and shutdowns have also ended, which will lead to a surge of new content for all of the streaming services. Determining who is winning and losing the game isn’t easy. A simple way to gauge that is by looking at total subscribers and average revenue per user, or ARPU. But not every company reveals those numbers. Here’s a rundown of where all the major streaming services stand after reporting earnings for the calendar third quarter: Netflix 214 million global paying subscribers (up about 4.4 million from last quarter) 74.02 million subscribers in U.S. and Canada (up 0.07 million) Average revenue per unit, or ARPU, for U.S. and Canada: $14.68 (up $0.14) Netflix continues to outpace the rest of the streaming world with total global subscribers and clear regional transparency around paying customers and ARPU. It bounced back in Q3, adding 4.4 million global subscribers after just 1 million the previous quarter. Disney Disney+, including Hotstar: 118.1 million subscribers, $4.12 global ARPU (up about 2.1 million from last quarter) Hulu subscription video on demand, or SVOD, only: 39.7 million subscribers, $12.75 ARPU (up about 600,000) Hulu SVOD+Live TV: 4 million subscribers, $84.89 ARPU (up about 300,000) ESPN+: 17.1 million subscribers, $4.74 ARPU (up 2.2 million) Amazon Prime Video In April, Jeff Bezos said more than 175 million Amazon Prime members had streamed shows and movies in the past year. No updates were given during the second or third quarters. Prime memberships cost $12.99 a month or $119 a year but offer many benefits other than streaming video — including free one-day or two-day shipping on most Amazon packages. Amazon does not break out ARPU. Apple Apple TV+ subscribers: ? (No updates given during third-quarter earnings) ARPU: ? Apple has not revealed subscriber numbers since it launched in 2019. A spokesperson from the International Alliance of Theatrical Stage Employees, a showbiz union that represents behind-the-scenes workers, told CNBC in September that Apple claimed less than 20 million subscribers in the U.S. and Canada as of July 1. In September, Apple saw its sports comedy “Ted Lasso” bring home seven Emmy Awards, a sign that the company’s streaming aspirations are starting to resonate with consumers. NBCUniversal’s Peacock 54 million “sign-ups” as of July (no update in 3Q) ARPU: ? Three tiers: Free with commercials, $4.99 a month for fewer ads and more content, $9.99 a month ad-free Comcast’s NBCUniversal, the parent company of CNBC, did not share an updated sign-ups number for Peacock, though NBCUniversal CEO Jeff Shell said during an earnings call that the streaming service “added a few million more subs” during Q3. The company has not released an official figure for ARPU, but NBCUniversal estimated last year that Peacock would deliver a combined $6 to $7 a month among its three tiers. WarnerMedia’s HBO and HBO Max 69.4 million global subscribers (up 1.9 million) 45.2 million domestic subscribers (down 1.8 million) ARPU: $11.82 domestically (down $0.08) HBO’s domestic subscriber loss is actually not as dramatic as it appears, as it lost about 5 million subscribers in the third quarter because of WarnerMedia’s decision to remove HBO from Amazon Channels last year. Without that change, it would have actually gained subscribers domestically. AT&T expects global HBO Max and HBO subscribers will reach the higher end of its year-end forecast of 70 million to 73 million. As of March, it expects 120 million to 150 million subscribers by the end of 2025. ViacomCBS More than 47 million global streaming subscribers (up about 4.3 million) Over 54 million monthly average Pluto TV users (up about 2.1 million) ARPU: ? Growth slowed from the previous quarter when ViacomCBS added about 6.5 million, the “overwhelming majority” of which came from Paramount+. Average revenue per user remains a question for ViacomCBS, which includes Paramount+, Showtime, Noggin, and BET+ among its streaming subscriber figure. Discovery 20 million direct-to-consumer subscribers (up 3 million) Overall ARPU: about $7 per month ARPU for ad-supported Discovery+: more than $10 per month The majority of Discovery’s 20 million subscribers are from flagship product Discovery+, though Discovery doesn’t break out a specific figure. Other Discovery streaming products include Eurosport Player and GolfTV. Starz 30 million global subscribers (up 1.1 million), 18 million of which are streaming (up about 1.3 million) ARPU: about $6 per month Lionsgate’s Starz saw 40% year-over-year growth in streaming subscribers in the quarter. In the previous quarter, Starz lost about 600,000 global subscribers, a decline it attributed to cancellations of the company’s linear service. Lionsgate announced it would formally look to spin off or sell Starz, or develop a tracking stock for its performance. Lionsgate has informally considered selling or spinning Starz for years. AMC Networks Total subscribers: ? ARPU: ? AMC Networks did not share subscriber numbers but reaffirmed that it’s on target to reach 9 million paid subscribers by the end of the year, a statement it first made in August. AMC Networks expects to have 20 million to 25 million subscribers by 2025." MY COMMENT BUMMER.....for Disney. I have no interest in this stock because I can not stand their extremely WOKE management.......and.....I already own enough WOKE companies for my taste. I wish companies would just be A-Political.....and....stick to business. We personally have a few streaming services.....HBO Max (free)......Netflix......Prime.......Discovery Plus.......and....we are going to add Paramount Plus in the next few days.......for Seal Team, Yellowstone, and a few other shows.
The plan is to break GE up into three companies: Aviation, Health Care, and Energy. If ever there were three less synergistic fields, I am not aware of it. I'm most interested in the energy division but I will need to have a long look at the business and how it's managed before considering ownership. GE was a bit player in wind energy for years but now they are at or very near the front of the pack. The energy company might be highly viable because the product is strong.
Further.... Aviation is not generally known as a good business but Rolls Royce has crapped the bed, handing the industry lead to GE. It's a boom bust industry so money management is important to sustain aviation suppliers during hard times. Unfortunately, the industry isn't known for competent money management. Health care is an industry that generates massive revenue, as much as any other, but somehow it never gets to shareholders. If ever there were an industry to stay away from, it's health care. It's difficult to make a lot of money in the energy sector but not impossible. Energy is one of the most reliable income streams with long term contracts and strong demand predicted long beyond my lifetime. If we ever have an efficiently run energy business, I will buy the hell out of them. Even adequately run energy business do OK, though. We need a lot of people to adopt residential solar and we also need power companies to improve both production and distribution. I believe distribution will be revolutionized with batteries. This doesn't sound right but there are lines that are at max during the day that have capacity at night. More power can be delivered by buffering with batteries at night to handle peaking during the day. As expensive as batteries are, they are cheap compared to long transmission lines. The electrification of transport is like watching people walk off the edge of a cliff. We simply don't have anything close to enough power to handle a wholesale conversion of gas vehicles to electric. Power demand will triple in the next decade.
A STERLING day today in the markets. I ended the day very nicely in the green. I also got a beat on the SP500 for the day of 0.35%. A good end to an erratic week.
At the end of this week the NASDAQ 100 continues to lead all the averages....year to date. HERE are the......TGIF....results for the week: DOW year to date +17.95%. DOW for the week (-0.63%) SP500 year to date +24.67% SP500 for the week (-0.31%) NASDAQ 100 year to date +25.69% NASDAQ 100 for the week (0.97%) NASDAQ year to date +23.06% NASDAQ for the week (0.69%) RUSSELL year to date +22.12% RUSSELL for the week (-1.04%) Se are now down to ONLY.......SEVEN......market weeks left in the year. HAVE A GREAT WEEKEND EVERYONE. I have to leave for a show tonight. I have another one tomorrow. Both are outside and by the end of the night the weather will be in the 50's or high 40's.
W. I just binged seasons 1-3 of Yellowstone this week. It’s not on paramount plus. It’s on peacock. Epic Show.
Welcome in PaelFSU, Yes, Yellowstone is good Comments on previous post : IBM has made terrible decisions since it blew the operating system of the first PC, and handed the world to MICROSOFT personally I have no idea why they are still around , sold off rest of my holdings in them 5 years ago. Yes , GGD , And a beat on the ol S&P plus the Nasdaq as well I can't check the wife's account from this computer , but ............................... I'll post it later , Ready the Clown's Cheers All
Well the results are in and ...................................... Her account was UP 1.05% So I barely beat her but by .03% I guess the Clowns can stand down , for now This is from ALL ETF portfolio, No individual stocks Just 6 ETF's , no trading, no thinking, just do nothing And with Automatic Dividend reinvestment, it could run itself
Talking #APPL. Apple computers might be a great winner with the new M1 and M3 (coming next year) RISC chips. I saw a demo of the new MacBook Pro with the 16 core M1, and it's amazing fast. (about 20 times faster than with old i7 Intel cpu). The new Mac Pro line, coming next year, has the M3 chip with up to 40 cpu cores (!!!). This can be the beginning of a complete new area for Apple: gaming, crypto mining and cloud data computing where Nvidia, AMD and Intel are today's kings.
I think you are right andyvds. Besides that......I am going to be replacing at least one or two Macbook Pro's some time soon. I am definately planing to buy the new Macbook Pro with the new Apple chip. I will probably do the M1 since these computers are just used for basic everyday computing.......and.....I want to hold down the cost while having the capability that I need.
I must say....I not only like this little article.....BUT....I totally agree. this reflects my continued view of the inflation drama and situation. Obviously I have expressed much of the same opinion on here many times. I just stay MUTE when people in real life are talking inflation. ‘Too Few Goods’—the Simple Explanation for October’s Elevated Inflation Rates This, too, shall pass. https://www.fisherinvestments.com/e...anation-for-octobers-elevated-inflation-rates (BOLD is my opinion OR what I consider important content) "Breathe. Yes, the US Consumer Price Index (CPI) inflation rate hit a 30-year high, 6.2% y/y, in October. Yes, this is a big jump from September’s 5.4%.[ii] But no, it doesn’t mean that dogged, persistent inflation is here to stay. It doesn’t mean a wall of easy money has thrown the economy out of balance. Rather, it is a symptom of a reality we have all lived through the past 20 months: It is far, far easier for a government to suddenly stop economic activity via lockdown than for businesses to restart it once regulations permit. Stocks have long understood this, even if it is only just starting to dawn on the world at large. The sudden halt and choppy restart of the global economy explains much of prices’ trajectory since early 2020, in our view. First lockdowns shattered production and demand, sending prices tumbling. That created a low year-over-year comparison point this spring, when vaccines’ rollout enabled broader reopening, juicing demand. That added skew to the year-over-year inflation rate, making the month-over-month rate a better place to look when assessing inflation’s drivers. The biggest contributors to month-over-month rates this spring and summer were categories tied most to reopening, including hotels, airlines and used cars—which were in short supply after rental car companies rebuilt their fleets in a hurry. But as summer rolled into autumn, some reopening-related pressures faded, as Exhibit 1 shows, and new pressures appeared in their wake. Many stemmed from supply shortages, which in turn stemmed from labor shortages and global shipping hangups. These are perhaps most visible in accelerating food and vehicle prices. Owners’ equivalent rent is another recent driver—an imaginary cost that no one pays, as it is the hypothetical amount a homeowner would pay to rent their own house. It rises alongside home prices, making it useless even as a proxy for households’ mortgage payments, the vast majority of which are fixed. The other recent big contributor is energy prices—namely oil and gas prices—which jumped when global demand surged as coal and natural gas prices spiked and utilities needed an alternate power source in a hurry. In October, energy alone accounted for over one-third of CPI’s 0.9% m/m rise.[iii] Exhibit 1: Inflation Pressures’ Shift From Reopening to Shortages Source: US Bureau of Labor Statistics, as of 11/10/2021. As Nobel laureate Milton Friedman taught, inflation is always and everywhere a monetary phenomenon—too much money chasing too few goods. When assessing inflation, we find it helpful to break that last clause into its three parts: too much money, chasing and too few goods. M2 money supply surged last year as the Fed pumped out liquidity to replace businesses’ lost sales and households’ lost paychecks. But bank reserves account for nearly half of the cumulative increase since 2020 began, and the vast majority seem to be excess reserves sitting on deposit at Federal Reserve banks and not backing loans.[iv] Excluding bank reserves, M2 money supply is now growing more slowly than it did for most of 2015 – 2019, when inflation was mostly below the Fed’s 2% y/y target, much to policymakers’ chagrin. Weak lending also suggests money isn’t doing much “chasing,” a notion underscored by the historically low velocity of money.[v] US personal consumption expenditures—the broadest measure of household spending—have already slowed from a reopening resurgence to rates more akin to the pre-pandemic norm and surveys show many households used stimulus money to repay debt or build savings they may not spend at all. It doesn’t look like there is a mountain of household liquidity waiting to do more chasing from here. That leaves the “too few goods” part of Friedman’s statement to assess. Supply is quite short in several areas—a testament to the impossibility of managing the economy from the top down. Governments can easily put the economy into a medically induced coma at the drop of a hat. Shutting down is all too easy. But restarting is another matter, especially outside the laptop work-from-home world. When businesses were forced to shut or operate at minimum capacity for months, they had to cut overhead to survive. That meant furloughing or laying off workers, shutting facilities and running down inventories. Especially when you don’t know how long lockdowns will last. This occurred all up and down the supply chain. You can’t undo that overnight. Rebuilding a staff takes time and money. So does increasing production to meet resurgent demand. A farmer that beefs up its cattle herds[vi] today in response to high meat prices won’t be able to meaningfully increase beef supply for a year at least, depending on the age and breed of cow. A wholesaler that sold off a warehouse to make ends meet last year can’t immediately get that space back. Similarly, it can take months for new oil well drilling to translate to new gasoline flowing out of refineries. Extrapolate these headaches across the entire universe of physical goods and energy commodities, and you end up with a choppy recovery in output that trails the recovery in demand. In other words, exactly what the world has lived through in recent months. Encouragingly, there are strong indications that this situation will even out sooner than later, particularly on the energy side. We have written before on spiking energy prices’ myriad causes and won’t rehash that here, but the effects are waning. Benchmark European natural gas prices are down -40.6% from October’s peak.[vii] European wind power generation is up. Chinese thermal coal prices are down -52.7% and back at pre-spike norms.[viii] Combined, these developments should help reduce the demand for oil, which power providers had turned to as an emergency electricity source. Meanwhile, US oil rig count is up from 172 in mid-August 2020 to 450 as of last Friday, and domestic production rose to 11.5 million barrels per day last week, matching its year-to-date high.[ix] That should rise further as more rigs come online. Crude inventories have also risen in recent weeks. As a result, the US Energy Information Administration projects oil prices will peak this month as supply and demand come back into balance, then drift lower over the foreseeable future.[x] While the EIA’s forecast could be wrong, it seems to be rooted in a sound look at fundamentals, in our view. Rising supply doesn’t mean CPI will fall. But it does mean that the big month-over-month increases should soon become a thing of the past, with prices growing more slowly off a higher base. That isn’t pleasant, but it is the normal course of things when price increases work their way through the economy. The mechanics of this are as old as economics itself and not at all a surprise to stocks, which know how the plumbing works. You don’t have to call that “transitory” inflation if you don’t want to, but it is the technical definition of that particular word." MY COMMENT I could BOLD this entire article. It totally reflects my continued view. It is easy to shut down the economy.....but....very difficult to re-open. We are just at the start of that difficult process of re-opening. the supply chain and manufacturing are screwed up and the level of supply, inventory, and goods out there is adequate but slim in many areas of the economy. Over the next year the supply of goods WILL improve and as it happens the frenzy to buy something NOW will dissipate and the economy will stabilize. The markets know this.....and......it is obvious from the recent market GAINS that the markets do not care that much about the current bit of inflation. I continue to say.....as usual.....those that want to FEAR something......should fear DEFLATION.
Welcome back PatelFSU......please continue to contribute. You are welcome any time. Same for anyone else. The key to a successful investing discussion is multiple views and participation. There is......NO LEVEL........of required knowledge or experience necessary to be a regular poster on this thread.
