Locator: 46049BRK.
The charts:
Cash hoard? Why?
Nvidia:
On another note: this is why I don't favor restricting members of Congress from investing just like the rest of us: see this post.
Did AAPL get back to a $3-trillion market cap? Nope, close but no cigar:
Based on these numbers, it looks like AAPL needs to hit $193 / share to get back to a $3-trillion market cap.
Locator: 46048INV.
Clearly this is a day that one needs to watch the entire twelve hours of CNBC.
I've never seen this before: literally, in the middle of "Power Lunch," the host halted the discussion and was dumbfounded to see the Russell 2000 up 5%. That just never happens.
The tone of the discussion changed completely.
One might argue "irrational exuberance," but that's something one never sees on CNBC. Wow.
It was most fun seeing fund managers trying to explain why they have been on the sidelines and continue to remain on the sidelines out of an abundance of caution. Okay.
But today, the big anchors on CNBC all agreed: there is something different about today's market.
Folks who focus on a recession seem to forget that "everyone" is now working (many with jobs), and "everyone" is making money.
For investors, the market today provides an opportunity one seldom sees.
I have some thoughts on investing in this market, but this is not an investment site, so I will not post those thoughts.
Perhaps more as the day progresses.
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Wow, there has been a lot of great commentary today.
The huge takeaways:
Locator: 46047INV.
Personal investing:
Disinflation: food. Exactly what I said a couple of days ago on the blog. It seems like prices have simply re-set.
Inflation: it may not have been transitory but it sure didn’t last long in the big scheme of things. So far, we have all survived. And some investors have never done so well. For two years, a buying opportunity.
Home Depot: CEO got it exactly right this morning.
Cramer: big smile. Huge fan of JPow. Agree completely.
Futures surging.
CPI: a lot will be written about this today. For the archives: came in lower than expected. Albeit, barely.
Shelter: this was the real crack today --- and that's leading to rational exuberance in the market today.
NVDA: continues to be the big story. “The Magnificent Seven”: still the market.
Foxconn: surprise earnings report.
Xi-Biden on tap.
Rivian: story to follow. Will need to raise huge amounts of money. New factory in Georgia. “Big Three” “losing money through their eyeballs.” — Cramer.
Oil: we'll come back to these two stories later, if I remember.
From a week ago:
S&P: blew through 4,400. Whoo-hoo!
More
later but until then, this chart. This chart is not for this year: this
is a 30-year historical pattern which will probably be entirely
different this year according to reader feedback.
RACE: this is the only auto company in which I invest.
Schwab: today we're bringing our broker a bottle of champagne, a couple of stemless champagne flutes, and some nice chocolate with a note of congratulations for the successful acquisition of TDAmeritrade. It's been a challenging (horrendous) year but at least it's over and, going forward, things should be much, much better. I'm watching all the Schwab / Think or Swim ads on television -- generally during NFL games. I don't trade so I've never been interested in a "trading platform" but so many folks have so many good things to say about Think or Swim, I may have to take a look.
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Back to the Bakken
WTI: $78.82. Nothing wrong with that. And moving higher today.
No wells coming off confidential list today.
One inconsequential well comes off list tomorrow.
RBN Energy: Enterprise's multifaceted plan for dealing with the coming deluge of Permian NGLs. Archived.
Crude-oil-focused production growth in the Permian is generating increasing volumes of associated gas that need to be processed and mixed NGLs that need to be piped to Mont Belvieu, fractionated and exported. All that suggests the need for still more infrastructure — processing plants, NGL pipelines, fractionators and export facilities — and Enterprise Products Partners, a top-tier NGL midstreamer, recently laid out a multibillion-dollar plan to help Permian producers keep pace.
In today’s RBN blog, we discuss the new set of projects Enterprise has in the works. We recently concluded a seven-part series on the handful of large U.S. midstream companies with the sequential assets — the NGL networks — capable of taking NGL molecules from wellheads in the Permian and other liquids-rich plays to the ultimate U.S. recipients of NGL purity products, be they petrochemical plants, refineries, propane distributors, or NGL export terminals. And wouldn’t you know it, Enterprise followed up our series with a blockbuster announcement of perhaps the most comprehensive set of new NGL-related infrastructure projects in years.
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.
Locator: 46046DASHBOARDS.
EIA Dashboards:
Locator: 46045TESLA.
This needs to be fact-checked.
US LNG Export: could double by 2027.
ABBA: can never get enough of ABBA. NFL MNF or ABBA tonight? It’s ABBA. No contest.
Gaza: unless one searches for Gaza news, it’s amazing how little coverage there actually is. Headline news coverage. Headline Gaza news is mostly of political protests around the world.
Bittersweet memories tonight of past lives. It didn’t help that I’ve subscribed to a monthly British glossy of military aircraft.
Investing: it’s just not that hard. Investing, not trading. With a 30-year horizon with s focus on one’s grandchildren. See this note on AMEX at this link. Now, see this note: Delta / AMEX. It’s not that difficult. Now, look at what Apple is doing. Or Walmart. Or Boeing.
ABBA: can never get enough of ABBA. Say what? What about Linda Ronstadt? Okay, it depends.
Pickleball? Link here. Yup. Everywhere in the DFW area, we may have the largest pickleball complex just down the street from where we live.
Thanksgiving travel: could be third busiest ever.
John Prine: at his best, none better.
Rate cuts: coming sooner than most people think — not the Fed — but banks. Source. Link here. I’m ready. And here but now it’s the Fed.
Road trip: hitting records.
Why Nvidia is winning. Why Apple will win: link here. Mediocrity is “out.” The best will be rewarded. Nvidia, Apple, AMD, Qualcomm, Broadcom, TSM, MSFT.
