Locator: 51566ARCHIVES.
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WTI
WTI jumps almost 2%; jumps $1.50; trading at $83.76. Yes, another tanker was hit while in / near the strait. This could go on for years or until a Biden / Obama / Newsom / Pocahontas / AOC is elected president, at which time the US will pay Iran reparations and monthly installments to keep the strait open. CVX was green for awhile today but has since turned negative by about 9 cents.
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Why CASH MOATS Matter
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Clarification
Earlier today this was posted on x:
Usually such analysts' projections go out one year. Certainly we're not going to see NVDA at $17 trillion in one year. What's the story?
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Later -- Late Morning
WTI: climbing the wall of worry? Nope, climbing the wall of reality.
AAPL: at the open and most of the morning Apple (AAPL) has been in the red; it just turned positive (10:51 a.m. CT).
ENB, link here:
Under the joint venture agreement, the investment group will provide up
to C$700 million in up-front cash to support Enbridge’s sanctioned Aspen
Point and Sunrise expansion projects for the Westcoast natural gas
pipeline system.
Market:
BRK-B: coming off its lows for the day, but still negative --
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Pre-Market
Huge round table discussion on Nvidia on opening hour of CNBC.
The numbers are impossible to comprehend.
Revenues: $1 billion / day.
Sales will continue to grow at 70%, y/y. Mostly on back of "increasing prices" for its chips.
Current market cap: $5.4 trillion.
At current rate of growth will result in a $7.5-trillion market cap.
Anticipation: futures -- NASDAQ could open 300 points higher.
But notice WTI: still at $82.
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Disclaimer
Briefly:
I am
inappropriately exuberant about the Bakken and I am often well out front
of my headlights. I am often appropriately accused of hyperbole when it
comes to the Bakken.
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 Bakken, 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. Nvidia is a metonym for AI and/or the sixth industrial
revolution. I've
now added Broadcom to the disclaimer. I am also inappropriately
exuberant about all things Broadcom. Now, I've added Amazon. And QCOM.Longer version here.
