Notes From All Over -- First Edition -- November 8, 2021

Updates

Later, 1:55 p.m. CT: yields on bonds keep dropping. I missed the comment on CNBC earlier this morning, but it might have been the 30-year bond (perhaps another one) yield was at a decade low. Or something to that effect. Details on bonds matter not to me.

Later, 12:10 p.m CT: business-friendly states? All related to masking and Covid-19. I don't think Tennessee ever shut down; nor did Utah, and both are high on the list of business-friendly states. States that don't get with the program will find themselves lagging. Speaking of which, what's going on with California and its "hiding-in-place" governor? Rumors starting to get nasty.

Later, 12:08 p.m. CT: is anyone even paying attention to COP26? Gold hits two-month high. Bitcoin flirts with new all-time highs. The buzz: Jay Powell will be re-appointed. 

Later, 12:04 p.m. CT: Brandon needs to take ownership. He needs to call this "the Brandon market." I do believe this is the best market any of us have seen in decades? Replace Jay Powell at your own peril. 

Later, 12:01 p.m. CT: I guess it's "official." Elon Musk will sell 10% of his TSLA shares in order to pay massive California tax -- something he would not have had to pay had he been in Texas. LOL. Pretty funny. 

Later, 11:54 a.m. CT: holy mackerel, again, AMD is trading at an all-time high, up 11%. In fact, up almost 12%; up almost $16; trading at $152. AAPL is trading slightly lower today. I don't think folks realize that AAPL is now a chip company. We'll talk about that later.

Later, 11:48 a.m. CT: holy mackerel, CLR is now up 6.22%; up $2.87; trading at $49. Oh, yeah, CLR and the Permian. One thousand drilling locations. 

Disclaimer: I am inappropriately exuberant about the Bakken and the shale revolution in general. This is not an investment site. Do not make any investment decisions based on what you read here or think you may have read here. I'm just having a lot of fun watching all this and thrilled for investors who got in early. I don't hold any shares in CLR and don't plan to simply because I am so overweight in energy, my broker says he will close out my account if I buy any more shares of any oil company. LOL. Not true, but almost. It should be noted that the individual I most trust on investment decisions regarding shale, when asked about CLR and the Permian, replies, "the jury is still out."

Later, 11:20 a.m. CT: apparently investors are reading the blog, the analysis of the deal and realize CLR can pay off this deal in 2.5 years with free cash flow. CRL is up more than the rest of the sector, up 5.44% today, up $2.51; trading at $48.62. 

Later, 11:20 a.m. CT: the market is very, very, very restrained today considering:

• the US relaxed international travel rules;
• earnings keep impressing;
• huge infrastructure bill passed on Friday;
• oil seems to be in a trading range;
• folks getting used to inflation; supply chain delays; high gasoline prices; and a new one, skimpflation;
• Americans have a real knack for substituting something not available for something else, even if they don't need it; they like spending money and a lot of crypto investors have become very rich;
  
• new regimens for Covid-19 announced over the past 72 hours; "Covid-19 is so over";
• can't speak for the rest of the country, but Texas has moved on
  
• Santa Claus rally? in fact, there will be at least two more legs -- the Thanksgiving rally, to be followed by the Santa Claus rally -- whoo-hoo!
• and, of course, my favorite chart (link pending for those who have not seen it)
  

Original Post

Investors: second best business hour on television in a few minutes. Jim Cramer already .

• Regeneron: up $11 in pre-market trading; up 1.85; looks like Regeneron works.
• CEO and founder: strongly "believes" in vaccines but understands concerns
• Regeneron offers alternative for "pandemic prisoners"
  
• single dose of antibody cocktail provides long-term protection 
• not yet approved by FDA
• vaccines? the Regeneron CEO gets it; spoke positively of potential competitors like Pfizer;
• obviously thinks like a scientist; speaks like one's uncle;
• so cool; called at last minute by CNBC; took the zoom call at home, delayed getting out the door to work so he could take the CNBC call -- really congenial
  
• Aaron Rodgers?

Pre-market: Dow keeps moving up.

ISO NE: typical 5:00 a.m. spike to $100. Now down to $60. Link here. We'll definitely see stories of high-cost utility bills this winter in New England, elsewhere. 

Infrastructure bill winners; EVs and renewable energy. 

Did Carl miss the vote? Suggested that investors might have been surprised that more than a dozen GOP representatives would support the bill. In fact, it was thirteen. We were being played.

Peloton, Zillow: it's not often we see two companies crash and burn so quickly.

Nextdoor Holdings: small mom-and-pop retail businesses rely on Facebook. Even if they "hate" Facebook they have nowhere else to go. Well, not quite. They can go to Nextdoor Holdings; it goes public today as a SPAC. I had not heard about NextDoor Holdings but listening to the CEO it sounded just like a competitor to Facebook. I went to google: for businesses is NextDoor Holdings a competitor to Facebook" -- the first hit:

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With prices expected to increase significantly next summer, it's time to buy a new bike now. This is the first bike I've ever bought from REI. My old bike -- been with me for several years -- is getting a tune-up.