Posted on 03/01/2015 5:34:21 AM PST by expat_panama
Today, Friday, the market sank after good jobs numbers were released. The market fears this indicates a rate hike by the Fed will happen sometime in 2015. Duh! Yes there will be a rate hike, but not until after September and even with a hike the stock market will see gains. I think the big guys in the market make these 100 point swings as they make money every time we suckers panic & dump or feel good & buy back in. I say buy good stuff and sit on it, if you use a trailing stop, make it for 20% so you don’t lose it on a little bump down.
Restoring West Coast Ocean Cargo Service May Be Costly Proposition
http://www.freerepublic.com/focus/f-news/3265051/posts
They had Ron Wayne on some news program today asking about his thoughts on Apple replacing AT&T on the Dow. One thing he said that was quite amusing was that it was a bit ironic that Bell Labs invented the transistor and now was getting replaced by a young company that was built on their technology. ;^)
http://en.wikipedia.org/wiki/Transistor
The transistor is the fundamental building block of modern electronic devices, and is ubiquitous in modern electronic systems. Following its development in 1947 by American physicists John Bardeen, Walter Brattain, and William Shockley, the transistor revolutionized the field of electronics, and paved the way for smaller and cheaper radios, calculators, and computers, among other things. The transistor is on the list of IEEE milestones in electronics,[1] and the inventors were jointly awarded the 1956 Nobel Prize in Physics for their achievement.[2]
IMO, the transistor is as important an invention as was the audion (the first vacuum tube) by Lee de Forest.
http://en.wikipedia.org/wiki/Audion
http://en.wikipedia.org/wiki/Lee_de_Forest
Thanks. It is an amazing ole world we live in. To think we are just one discovery away from the next REVOLUTIONARY change in the way stuff works.
Which is why mere politicians can and will be overcome by the spirit of discovery and entrepreneurship.
Never, ever sell the American Spirit short.
Never.
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