Signs of market downturn, other thoughts...
---Watching various payments related stocks under pressure makes me wonder. Do they foretell an economic slowdown? Paypal, Salesforce, Adobe, Master Card, Square, and Visa seem to be under pressure. Most have been strong performers over the last year, and have business models that do not lead to any significant credit or trading market risk. They represent activity. If flow slows, their tax on the economy does as well. As stocks, five remain attractive. Square is a mystery, at this point either a huge opportunity or an ongoing bust. As barometers of the economy at the moment, these names are worth watching.
---Ken Burns series "Country Music" has been entertaining to watch. Trying to cover a subject like this is going to get multiple positive and negative reviews. Music fans can be highly opinionated, an understatement. Episodes three and four were exceptional, from this perspective, and the later ones had to cover the merger of country and pop, not easy to deal with some of the easy listening for many observers. My knowledge is worse than spotty. In 2003 I spent six weeks in Texas after breaking out of the bank. In talking about music with a new friend there, she said that her favorite singer was George Strait. When I asked who that was, she was astonished, absolutely beside herself. Living in New York was my excuse, but she did not accept that or think it could possibly be true. I found it hard to believe that she grew up on her family owned 400,000 acre ranch even though she dressed and cursed like a cowhand. Hard to imagine, but found out that was true as well.
---The so-called Trump fiasco regarding Ukraine and the Biden's is dominating the news cycle. Impeachment proceedings are beginning. Somehow this does not interest me. Let's simply focus on getting a bipartisan infrastructure bill through Congress as soon as possible.
---Ken Burns series "Country Music" has been entertaining to watch. Trying to cover a subject like this is going to get multiple positive and negative reviews. Music fans can be highly opinionated, an understatement. Episodes three and four were exceptional, from this perspective, and the later ones had to cover the merger of country and pop, not easy to deal with some of the easy listening for many observers. My knowledge is worse than spotty. In 2003 I spent six weeks in Texas after breaking out of the bank. In talking about music with a new friend there, she said that her favorite singer was George Strait. When I asked who that was, she was astonished, absolutely beside herself. Living in New York was my excuse, but she did not accept that or think it could possibly be true. I found it hard to believe that she grew up on her family owned 400,000 acre ranch even though she dressed and cursed like a cowhand. Hard to imagine, but found out that was true as well.
---The so-called Trump fiasco regarding Ukraine and the Biden's is dominating the news cycle. Impeachment proceedings are beginning. Somehow this does not interest me. Let's simply focus on getting a bipartisan infrastructure bill through Congress as soon as possible.
posted by John Borden at 5:30 PM
0 Comments:
Post a Comment
<< Home