The Market: Canned Heat -- January 13, 2024

Locator: 46528MUSIC.

If the Peacock - Chiefs - Dolphin experiments works out, might we see "pay-per-view Super Bowl"? With commercials?

If Apple did something similar with its app store or messaging, would the FTC / DOJ be all over that?

Halfway through the fourth quarter, 26 - 7, Chiefs. 

And to think what I would have missed had I been watching that game. LOL.

I hope Peacock "buys" a whole lot more exclusive rights to NFL games.

Link here.

Can't wait to see the "numbers." That cracked helmet: no time-out, no coming out of the game for equipment failure ... lots of griping ... fact is, first time it's happened with Taylor Swift in the audience and officials not sure what to do ... NFL will come up with rules for future ... LOL. See "terabyte events."

26- 7.

Tom Brady retired at age 45.

Patrick  Mahomes is 28 years old.

Joe Montana retired at age 38.

If, if, if …

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Now, Back To Regular Programming

Locator: 46528MUSIC.

Rambling, not ready for prime time. Lots of content and typographical errors, I suspect, and some really lousy grammar coming up, I suspect. But a great musical interlude at the end. LOL.

Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.

Shortly after the first of the year (20224) when the US equity market starting looking dismal I quit watching CNBC, something I always do when there are stretches of such "bad" news. At those times, I quit listening to CNBC and go back to researching companies in other ways. So, anyway, I wasn't really paying attention. I just kept adding to various positions, always staying fully invested. I occasionally caught the bearish headlines and I never, never, never checked the bottom line of my portfolio -- although that's a bit difficult when actively adding new money to the Schwab account and actively buying (no selling). 

But I digress. The point: I thought the market was crashing these last couple of weeks based on the occasional business headlines I caught. So I was completely unprepared to see this in Barron's yesterday or whenever it was. 

From the linked article:

Dreams die hard—and traders are still holding on to their rose-colored reverie of a soft-landing economy and a dovish Federal Reserve. What they couldn’t do was push the S&P 500 to a record closing high, despite exceeding that level briefly this past week.

All told, the S&P 500 ended the week up 1.8%, just 0.3% off the record high, while the Dow Jones Industrial Average rose 0.3%. Apple AAPL, which lost 6% in the first week of the year, gained 3% in the second, helping the Nasdaq Composite climb 3.1%. Nothing seemed able to knock the market down. December’s consumer price index increased by 0.3% on a monthly basis, a tenth of a point above expectations. On a year over year basis, prices were up 3.4%, above the 3.1% annual rate in November.

I did watch a couple of segments on CNBC when important economic data was being released, so I "understand" the overall market sentiment, more of which I will discus as we get closer to next week, when Gerri has cleared out. 

By the way, speaking of the market, there have always been two sectors in which I have refused  to invest my entire life: airlines and refineries. I broke my rule some years ago when I started building a position in MPC and then broke that rule again when I started a position in Boeing just a few months ago.  l learned my lesson with the latter. 

As folks know, I have a bucket list of twenty tickers for new money ... if I want to add a new ticker, I have to get rid of one of the existing twenty. Well, that's easy this time. I will be replacing my Boeing ticker with Tractor Supply Corporation.  [This doesn't mean I will be selling my Boeing; it just means I won't be adding any new money for any more Boeing, but yes, I will probably end up selling my Boeing, regardless. Boeing may or may not be a great trading stock; it may or may not be a great investment, but there are a gazillion other options out there. Same with Tesla. When facts change, I change with them and the facts about Tesla are changing.]

It just dawned on me: when an analyst -- a "buy-side" analyst has to spend "minutes," on CNBC, for example, trying to convince me that a particular ticker is a great investment, I have to step back and realize there are a gazillion other options which require no rationalization to buy or arguments/discussions trying to convince me to do so. Lousy grammar but you know what I'm trying to say. Maybe I need Grammarly. LOL.

When was this first released? See below.

From wiki: 

"On the Road Again" is a song recorded by the American blues rock group Canned Heat in 1967.

A driving blues rock boogie, it was adapted from earlier blues songs and includes mid-1960s psychedelic rock elements.

Unlike most of Canned Heat's songs from the period which were sung by Bob Hite, second guitarist and harmonica player Alan Wilson provides the distinctive high pitched vocal, sometimes described as a falsetto

"On the Road Again" first appeared on their second album, Boogie with Canned Heat, in January, 1968. An edited version was released as a single in April 1968 and became Canned Heat's first record chart hit and one of their best-known songs.