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Steelrolled

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Member since: Mon Apr 29, 2019, 07:15 PM
Number of posts: 1,316

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Happy Vaccine Day!

US stocks rise sharply as election results keep trickling in

Source: CNN

The stock market rally is still in full swing at midday. The Dow has now gained more than 700 points, or 2.7%. Phew.

The S&P 500 is up 3.2%, and the Nasdaq is still leading gains with 4.3%.

Experts' views are divided about why the market is shooting higher. Part of it might be that a delayed election outcome was already priced in, as well as continued odds in favor of a Joe Biden win in the betting markets.

Read more: https://www.cnn.com/business/live-news/stock-market-news-110420/index.html



After all that expert talk that the market abhors uncertainty.

It speaks to vice presidential debates

that a fly in the studio was the most interesting thing.

Sounds like I missed a good one.

PSA - Flu vaccine for 2020-2021 is now becoming available.

https://www.cdc.gov/flu/season/faq-flu-season-2020-2021.htm

New COVID-19 inflections downward trend.

I haven't heard this reported at all, but it seems like the infection rate has clearly peaked and the 7-day average has been down for 16 days in a row. Am I missing something?




Edit to add source (very popular site): https://www.worldometers.info/coronavirus/country/us/

Kodak soars another 60% after Trump announces deal to manufacture generic drug ingredients

Source: CNBC

Shares of Kodak soared more than 60% in extended trading. The stock more than tripled during Tuesday’s regular trading for its best day ever after the U.S. government awarded the company a $765 million loan to start producing drug ingredients under the Defense Production Act, the first of its kind.

Read more: https://www.cnbc.com/2020/07/28/kodak-soars-another-40percent-after-trump-announces-deal-to-manufacture-generic-drug-ingredients.html



I figured this was coming as a longer term effort to pull critical medical manufacturing back to the US.

But I think it would have been better done through regulation (e.g. make it very expensive to do production overseas) and allow the market to pull back the manufacturing.

Just registered for the COVID-19 vaccine trial

https://www.coronaviruspreventionnetwork.org/

It is a fairly long questionnaire - probably about 40 questions, mostly about your interactions with other people on a daily basis, some medical history, willingness to sacrifice your life for the benefit of society (just kidding on that last one) As I was filling it out, I got the feeling I won't be selected because I'm isolating to a large degree, and wouldn't be a good test subject.

I still have not seen a definitive list of test sites, but I'm fairly sure there will be one or two in my city.

I broke a record this tax year

I filed 2 days early. The 3 months of extra time I was given did me no good .

I'm usually one of those looking for a post office with late-night hours.

This time I field electronically even though I owed money. With interest rates what they are, it wasn't worth delaying another week or so by mailing in a check.

In 500 years, what will we be condemned for?

In particular I'm wondering about things that most people view today accept as "that's the way it is".

Of course, this is based on an assumption we will be more civilized in 500 years, compared to today. And that our civilization will exist in an organized form.

I am imagining that in 2520, people might marvel how 21st century governments, and their leaders, were so tolerant of great quality of life inequality in their countries, and the even greater inequalities between countries. Genocides continues to occur, and the western counties barely notice.

How about farmers who raised animals for food?

Fisherman?


There Is No Alternative to Equities. (At Least Until the Facts Change.)

TINA is about to face a big test.

TINA—There Is No Alternative—is a popular Wall Street acronym describing a key reason why equities remain so popular. Put simply, TINA says that investors will buy equities because all other investment opportunities are worse.

Over the past few months, TINA has powered a strong recovery of global equity markets. Central bank easing in response to the pandemic-induced recession pushed government and corporate bond yields to historic lows. In all major markets, government bond yields are now well below expected rates of inflation.


https://www.barrons.com/articles/tina-is-looking-vulnerable-beware-market-group-think-51593429300

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