Notes From All Over -- Part 2 -- November 11, 2020

The market: I haven't watched the market or the news for the last couple of months. It's only been NASCAR and old movies, mostly on TCM. But, wow, it looks like it's time to go back and look at the market. Wow. But, no, I'm not watching the news, yet. 

Market: all three major indices are up today. Most remarkable, even after that recent surge in the Dow (was that Monday, two days ago?) Dow futures are up yet another 162 points and Goldman Sachs says there is still room to run.

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JC Penney: US bankruptcy court approves sale of JC Penney. I have no dog in this fight; this is for the archives.

Politics: I would have voted "yes" on this one. San Francisco voters approve CEO tax. And here. In fact, I would  have advocated for a much bigger tax. The headline says the "new" tax is a "first-in-the-nation." I though Portland, OR, did the same thing some time ago. Must be wrong. By the way, there are many ways for CEOs to get around this as long as it's a "salary tax" and not a "wealth tax."

COP: third or fourth favorite company of mine. It's been in the news a lot lately. Two stories from SeekingAlpha today:

• makes significant natural gas discovery off Norway; I did not even know COP was in the Norwegian Sea; and,
• shorts off-balance, and likely to get worse;

Market: dividend strategy. 

Sports: the number one sports event I'm not interested in? The Tiger Woods Invitational. I'll end up following it and reporting it but 90% of the "memorable" coverage will be on one guy. Plus all the ads. 

So, now that the market has opened:

• Dow 30: up 40 points
• NASDAQ: up 164 points -- whoo-hoo!
• S&P 500: up 20 points.

Apple's third event: introduction of the M1 chip. Unfortunately for the masses -- a real sleeper. Apple is now 99% function, 1% form, if that makes sense.