I plan to stay away from CNBC for the next three or four weeks until I see what the new "normal" for the market is. A half-percent move on a 26,000-point Dow is 130 points, so one would assume any move less than 100 points in either direction (up or down) is simply background noise. Once I get a feeling for the new "normal" I will return to CNBC. Until then, ....
To avoid CNBC and the market, I also need to avoid Yahoo!Finance which is difficult because that's where I get my WTI prices for the daily morning and afternoon post.
I assume the blog will suffer to some degree by not following business news; but, we'll see.
Having said that, I'm tired of the poll on the blog right now, so I will close it out.
In the poll, I asked readers what they thought should replace GE on the Dow 30. The results of that poll:
- another FANG (Facebook, Netlix, Alphabet): 23%
- a railroad (UNP, CSX, Norfolk Southern): 9%
- manufacturing (Corning, Cummins, StanleyBlack&Decker): 29%
- teleccommunications (T, CMCSA): 6%
- Banking (BAC, BK): 18%
- other, including: Google, TSLA, an airline, Deere: 6%
I see analysts are suggest a target price of $14 for GE. Today, it was down on an "up" day for the market, at about $14.81.
Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship-related decisions based on anything you read here or think you may have read here.
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The Apple Page
Surfing around the net to see what folks are saying about Apple's new smart speaker, the HomePod, my thoughts: something tells me that:
- a) the HomePod is going to be huge for Apple
- b) with the HomePod plus all the other interactive speakers out there, Bose radio/cd player is in real trouble
I've never seen the Bose Radio priced differently than $499. I think the Bose radio has been priced at $499 since the day it first became available. I see a "discount" on-line distributor has the Bose radio for $399 -- but that's an exception.
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