Market Watch -- Mid-Day -- August 17, 2020

The market, buzz:

• greedy?
• unglued from reality?
• my take: millennials' FOMO

Homebuilders: at all-time highs as sentiment jumps to record level. 

Natural gas: hitting high for the year earlier on, but has pulled back and is now negative. 

S&P 500: trading all all-time high but whether it holds is questionable. I think this is the fourth day that we've come close to closing at a new high but failing. NASDAQ up huge despite AAPL being negative. AAPL is off it's morning lows.

• IMUX is down 4%.
• UNP remains on a tear; hitting all-time new highs; up over 1%; up another $2.50 dollars/share.
• SRE drops just below $130; down about 1.6%;
• GM surges; up over 6%; apparently talk of a reorganization; splitting the company; 

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Follow-Up: Buffett Sells Airlines

	Airline	Shr Price: 3/31/2020	Dollars: 3/31/2020	Shares	Shr Price: August 17, 2020	Total: August 17, 2020
	DAL	28.53	675,000,000	23,659,306	28.02	662,933,754
	UAL	31.55	675,000,000	21,394,612	34.40	735,974,643
	AAL	12.19	675,000,000	55,373,257	12.62	698,810,500
	SWA (LUV)	35.61	675,000,000	18,955,350	33.81	640,880,371
			2,700,000,000			2,738,599,268
	AAPL	254.29	2,700,000,000	10,617,799	458.43	4,867,517,401
						2,128,918,133
						2,738,599,268
						77.74%
March 24, 2020		224		10,617,799		2,378,386,881
August 17, 2020		383.68		10,617,799		4,073,836,958
						1,695,450,077

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Birthday Gift 

Beautiful, beautiful quilt.

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Word of the Day

Vol-au-vent. First seen today while reading Out of Africa.

My wife makes incredible petit vol-au-vent apéritifs. Seriously.