The Energy And Market Page, T+272 -- October 20, 2017

Uh-oh! Tesla may have to increase price of their "mass-market" Model 3. Anyone who has followed the Tesla story knows that the Model 3 would never be a "mass-market" product.

Wow. The Dow 30 up another 110 points in late morning trading. In fact, all three major indices are up (again). More records set. Dow 30 closes up 165 points; S&P 500 up 14 points; Nasdaq up 24 points.

NYSE, new highs, 197 227 249, including -- BRK-B; Canadian Pacific Railway; JPM; McDonald's; Steris;

• new lows on the NYSE, 22
• GE: from Reuters: even before the stock's decline on Friday, GE produced a total return - share appreciation plus reinvested dividends - of just 0.64 percent over the last 16 years. A $1,000 investment on the day former CEO Jeff Immelt started his tenure would be worth $1,006.38 today. Immelt stepped down August 1, 2017
• GE: from same link:  it would generate only about $7 billion in cash from operations, down from $12 billion to $14 billion it had forecast earlier. It left its dividend unchanged
• GE: $1 billion operating cash flow (talking head on CNBC); dividends: $8 billion/year (CNBC)
• GE: "power" division is the big story; it would be interesting to know what percent renewables make up the "power" division
• GE: it seems this, the GE story, is an open-book test 
• TSLA: Dow 30 up over 135 points today; meanwhile TSLA is down over 1%; analyst downgrades Tesla; sets price target at $170 (currently around $350);

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Life During Wartime

Yes, I've posted this video way too often but for me the video captures the frenetic activity in Washington, DC; and on Wall Street, NYC. And, of course, the reference to "wartime."

Life During Wartime, Talking Heads