Wednesday, October 02, 2019

Whatever... ramblings off my medication

---So called "senior economics reporter" Steve Leischman on CNBC today lauded stocks with substantial buybacks and solid dividends, as did a previously unheard of portfolio manager who said that her portfolio was recession proof because of that approach.  Hmm, nothing those companies can think of to reinvest in?

---On the same channel, Jim Cramer used the decline today of Stitch Fix(SFIX) as an example indicative of a pending economic and market downturn.  An unattractive market may be developing, the last two days certainly have been brutal, but SFIX is not indicative of anything.  It is a made to order apparel company that identifies as a technology company.  Katrina Lake is a charismatic leader who can charm some investors, but opinion here is that it is a hustle, if not a hoax.  Charmed two years ago here, rode some ups and downs until finally getting out breakeven and wasting time.  Almost sounds like a relationship!

---The HBO program "Succession" continues to be a compelling and perplexing fictional drama.  It's clearly based on a Rupert Murdoch type character and associated family members, sans a Wendy.  Oh well.  The number of characters to follow can become daunting, but the financial wheeling and dealing is realistic at times.  That was watched last night while taking a break from the Washington and Milwaukee wild card game, a perfect break as the real tension in that game was the last two innings.  Washington is my new team.

---Is anyone else annoyed by the Iphone software that does constant spell check on what is written.  Pauses are met by word guessing by the software which seems to be driven by words used, places seen, people mentioned, and phrases in former writing.  It is especially aggravating when, while quickly writing something, I only later see that spell check overrode what was intended.

---Payments system stocks invested in recently have seriously faded.  Buying the dip was ill timed.  The stocks remain attractive longer term.  My basis is not at this time.  Average down or wait?  Did add another today, PAYC, plus IBKR.  Go figure.


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