Friday, August 4, 2023

TGIF — Markets Surge — Sectors Rotate — August 4, 2023

Locator: 45331MARKET.

After being in the “red” all morning, BRK-B has just turned green (11:32 a.m. CDT).

The oil companies, of course, are having a great day.

  • DVN: up 2%, at just above $51. That's how far it fell. 

UNP: down 33 cents, trading just under $230.

AAPL: holding just above $185. Market cap: $2.194 trillion. A lot of folks buying AAPL today at discount but sellers greatly exceed buyers, based on drop in price. [Later: AAPL breaks below $185.]

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The Book Club

Why Does E=MC^2? Brian Cox And Jeff Forshaw, c. 2009.


I have read any number of books on this subject. It's interesting to see how different folks "describe" these concepts.

Just like dollar and euros, energy and mass are interchangeable.

c^2 is the rate of exchange, but unlike the rate of exchange for dollars and euros, c^2 is a constant.

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