Cramer's First Hour, Part 3 -- Dow Hits New Record High -- November 8, 2024

Locator: 48737CRAMER.

All eyes on S&P 500 -- 6,000 again.

HOLY MACKEREL: the Dow tops 44,000 for the first time as it closes out its best week in a year on Trump's election win! And although it has pulled back today, the S&P crossed 6,000 for the first time ever, yesterday! Whoo-hoo! 

Cramer's first hour: a mix of facts, factoids, opinions from various sources -- often not cited -- while listening to Cramer's first hour on CNBC. 

Fiscal conservatives: it's a hoot to see all the lefties who have become fiscal conservatives now that Trump has taken the White House. He won the popular vote and the electoral college. Both were landslide victories. As for Trump: he loves spending money, as long as it's not his. But isn't that true of almost everyone?

SCHB: hits a new 52-week high.

Immigration: amazing how many folks in ivory towers want the president to ignore the laws of the country. Pretty amazing. 

I do believe the president takes an oath to execute faithfully the laws of the country. His oath is not to "pick and choose" which laws he wants to follow (even though, yes, I know). I don't think folks get it. It's amazing how many folks in ivory towers support the exploitation of undocumented arrivals and human trafficking as long as it's "good" for the overall economy.

SRE: [later: SRE is now just three cents short of $91.] [Later: wow, wow, wow -- SRE surged past $91!]

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Disclaimer
Brief 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 something appears wrong, it probably is. Feel free to fact check everything.
  
• 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. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.
• Longer version here.
  

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Word of the Day: Coursing

Coursing.

As in "coursing hounds."

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Today's Rabbit Hole

It began with this, p. 62, Richard Dawkins, The Genetic Book of the Dead in which the author references "the words of David Hume's Cleanthes ... the mutual escalation of arms races that drives evolution to Cleanthean heights, such as the feats of mimetic camouflage..." 

Earlier, Richard Dawkins wrote: "I think arms races are responsible for every biological design impressive enough to ravish into admiration all men who have ever contemplated biological designs. Original quote: David Hume's Cleanthes. 

From there to Cleanthes, wiki. And from there to stoicism, again, wiki.

The Stoics believed that the practice of virtue is enough to achieve eudaimonia: a well-lived life. The Stoics identified the path to achieving it with a life spent practicing the four virtues in everyday life—wisdom, courage, temperance or moderation, and justice—as well as living in accordance with nature. It was founded in the ancient Agora of Athens by Zeno of Citium around 300 BCE.

Alongside Aristotle's ethics, the Stoic tradition forms one of the major founding approaches to virtue ethics.

The Stoics are especially known for teaching that "virtue is the only good" for human beings, and that external things, such as health, wealth, and pleasure, are not good or bad in themselves (adiaphora) but have value as "material for virtue to act upon."

Many Stoics—such as Seneca and Epictetus—emphasized that because "virtue is sufficient for happiness," a sage would be emotionally resilient to misfortune. The Stoics also held that certain destructive emotions resulted from errors of judgment, and they believed people should aim to maintain a will (called prohairesis) that is "in accordance with nature."

Because of this, the Stoics thought the best indication of an individual's philosophy was not what a person said but how a person behaved.

To live a good life, one had to understand the rules of the natural order since they believed everything was rooted in nature.

As for David Hume?