Amazon Hits An All-Time High -- May 9, 2024

Locator: 47106INV.

Despite the headwinds: 

• the Fed
• Cash 'n carry: suggests a rate hike is back on the table;
• likely: meaningless rate cuts, if any, in calendar year 2024
• Biden vs Trump
• war in the Mideast
• Putin talking nukes (again)
• China

But does this look like an impending recession?

Josh Brown: still the best stock-picker on CNBC.  One can see him almost every day on "Half-Time Report." Noon EDT. 

Utilities on an incredible bull run for the past several months.

AMZN is the new AAPL.

• AWS: at $100 billion = S&P 50. No typo. S&P 50.

Binary decisions: A most important consideration for investors: making binary decisions. 

Example: 

• NVDA vs Treasuries?
• ENB vs Treasuries?
• BRK-B vs any of the Mag 7?

Reminder: I am inappropriately exuberant about the US economy and the US market, I am also inappropriately exuberant about all things Apple.

See disclaimer. This is not an investment site.

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. Reminder: I am inappropriately exuberant about the US economy and the US market, I am also inappropriately exuberant about all things Apple.

Fentanyl: if folks want to understand the Fentanyl story, one couldn't do better than to follow the "Fentanyl scanner" story. CNBC broke the story. Posted for the time-stamp. I may or may not post more about this. Reminds me of the ventilator stories in NY during the early days of the Covid pandemic. Conspiracy stories: the MAGA folks are following all the false conspiracy stories. It becomes tedious when there are so many "true" conspiracy stories out there. If that makes sense.

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The Book Page

Wow, what an incredible story teller, Howard M. Sachar, c. 1993, A History of the Jews in America, or as I would re-title it: Morris and Katherine Myers: A History of American Capitalism and Exceptionalism.

Wow, what an incredible story teller. Without calling it an epilogue, but rather a short "afterword," pp. 933 - 936, Sachar completes the 936-page narrative with the Myers' three sons, Stanley, Albert Jr and James. All three had served in the US military during WWII: Stanley, a lieutenant in the US Navy; the other two in the Army Air Force, one a lieutenant colonel and the other a major. 

Following WWII, the three brothers returned to Springfield, IL, to resume their executive responsibilities at the department store. However, for one, something was missing. He wanted to farm, he wanted to get married, and he wanted to go to Israel. Following his return to Springfield after WWII, James got his graduate degree, University of Illinois, Springfield, School of Agriculture. He farmed the family's farm purchased in 1938 as a family investment, married a Jewish step-cousin, and had three children.

The oldest of the three ended up in Israel, was married and had three children. The family returns often to Springfield. Life in Israel is "hard." By comparison, they have it very, very easy in America.

Their middle child, age eleven, speaks Hebrew albeit rather haltingly now. But Adam, when queried, makes it plain he wants to return to Israel, the place he remembers and craves. His father, James, and grandfather Morris listen thoughtfully, saying nothing.

I picked up this book for $7 at a used bookstore on the edge of Nashville, TN, some months ago. The "store," using the term guardedly, was so musty that my asthmatic wife was unable to stay as soon as she entered. I had 30 seconds to pick something out. I doubt I could have found a better book even with hours of looking.

With current events, this book is incredibly timely. My thoughts: American Israelis will be re-invigorated; synagogues will be filled. Particularly on the American coasts.