Locator: 49339B.
Nobel, literature: Laszlo Krasznahorkai is awarded Nobel Prize in Literature. Oh, good, another dystopian, melancholic, and "post-modern" writer. Just what we need. Hungarian. Link here. Raise your hand if you've heard of him. Wow, talk about a niche. His most acclaimed work is about a Hungarian circus in the middle of a city with only one act: a whale.
Nobel prizes this year: the prize in literature, horrendous selection. The high-water mark in my lifetime: Bob Dylan. The prize in chemistry, even worse. Medicine: maybe worthy. Physics: jury is still out but didn't seem to hit the mark, either.
Pre-market: mixed; some red, mostly flat, some green. But it certainly looks like classic "climbing the wall of worry." See disclaimer.
RACE (Ferrari): plummets. And folks wonder why mom-and-pop retail investors are flocking to AI. Buying opportunity? Only if one is not serious about investing. See disclaimer. EV scale back. LOL. What were they thinking?
Crash and burn: it turns out it wasn't AI that crashed and burned -- well, at least not yet -- it was EVs. Except for Tesla. Unless I'm missing something, if you're interested in a EV-sedan, you have only one choice: Tesla.
Crash and burn: once the credits go away, EV sales will plunge. That's the meme. We'll see.
Crash and burn: Lucid CEO expects a further cash infusion will be needed in mid-2026.
Tesla pickups: are they selling well? No, Tesla Cybertruck sales have been poor, falling significantly short of initial expectations and facing issues like high prices, production challenges, and a polarizing design that limits its appeal to traditional truck buyers. Sales have declined after an initial period, with data showing a fraction of the predicted numbers and even a surplus of unsold inventory
Apple: holy mackerel, the stories coming out of Macao, the gambling capital of the world, and the Apple iPhone 17 Pro.
Global warming: and all this time folks thought it was global warming that caused the Palisades fire(s). Turned out it was the fire department that failed to put out the original fire set by an arsonist. Like how did that happen.
Anti-Trump: I assume 45% of the country -- the US -- will find fault with the Israel-Hamas deal. Quick! Who is the US ambassador to Israel? If you don't know, you'll never guess.
X vs Bluesky: are you kidding me? Whatever happened to Carl Q tweets? Link here.
US Supreme Court: it will be interesting how they thread the needle on whether it's legal to allow the US military to travel freely in the US. At least that's how I see it, but I know it's different than that. I guess it's cognitive dissonance.
GPD: without the tech sector, at best GDP would be flat.
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Back to the Bakken
WTI: $62.17. "All of a sudden," the glut it overwhelming. Link here.
New wells reporting this next week. Link here.
RBN Energy: link here.
Oil price: link here.
