I was in San Francisco for a total of 36 hours, not including 18 hours of travel time to and from driving 90 minutes from y office in Ruidoso, NM to the tiny regional airport in Roswell, flying to Phoenix to Oakland and from San Jose back to Phoenix to Roswell and driving back to my home in Alto.
I was there for an event at Bob Weir’s and Chris Moscone’s Sweetwater Music Hall in Mill Valley. Elon Musk wasn’t there, but I did get to mingle with some other very interesting people, including listening to Jeff Martin, the CEO of Tribal Planet and I spoke some with their CTO, Ron Buell. Astronaut Scott Kelley, who spent more time in space than anyone in history, gave a great talk and he and I chatted after he overheard me talking about the IAm App Platform that takes anybody’s social media and puts it into their own app.
I’m back and will be making some trades and writing some reports up this week, so stay tuned for that and much more as the merry go round of the economy and the roller coaster of the stock market continue apace.
Indeed, stock markets are continuing the churn and with biotech seemingly stuck in a rut and fading ever lower as the weakest sector in the markets.
I’m thinking banking is the next sector to short, if only as a great hedge for any potential near-term Deutsche Bank/EU-financial crises. Maybe oil and oil stocks too, as investors, traders and oil barons all have declared the bottom in oil prices is in.
Here’s an interesting discussion about valuations, our current economy, stock buybacks, central bank intervention, etc. Always keep an open mind when people like Jeff Miller and Robert Marcin, each of whom I have tremendous respect for, are debating.
here is the median psr chart from john hussman website….
as for zirp and p/e ratios, i coined the phrase “justifiably expensive” years ago so i get it.
PS. Here are a few pictures from my trip.